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re: About to purchase first home
Posted on 3/26/10 at 9:32 am to Catman88
Posted on 3/26/10 at 9:32 am to Catman88
quote:
You are paying for the sellers agent as well. Dont fall into the trap of beliving that the price of the house isnt adjusted to account for the cost of commission.
I'm pretty sure if an agent were to price a house 6% above market value it would sit there a long time before selling. The agents are paid out of the profit the seller makes from selling the house. The price is set based on comps in the immediate area.
1
Posted on 3/26/10 at 9:47 am to Haughton99
quote:
I'm pretty sure if an agent were to price a house 6% above market value it would sit there a long time before selling. The agents are paid out of the profit the seller makes from selling the house. The price is set based on comps in the immediate area.
True but most sellers do factor in that 6% into their sale price to some degree or at least try to so the market value in the area inherently has some commissions priced in.
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