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Who pays the buyers agent fee when the residential property is being sold by the owner?
I am interested in buying a property that is being sold by the owner (who does not have a sellers agent). The property information states that buyers agents are welcome. Do owners who sell without an agent typically cover my buyers agents commission?
Lets see, you are going to hire someone to do something for you. But you think he should be paid by someone else. Who the heck do you think he will really be working for?
Its all silly anyway. The seller will finally agree to turn over his house for a !net! amount that he will walk away with. That !net! amount and all the fees the "third" parties collect can only come from the buyer!!!
There will be lots of numbers put down, some on the left, some on the right, but however it is finagled it does not change reality.
All costs that come on the sellers side must already be included in the selling price in order to give the seller the net amount he will sell for.
Both the buyer and seller might be interested in moving the numbers around (better for getting a mortgage or paying taxes, they think), but it still comes down to how much the seller must net and total the buyer is willing to pay.