Who Pays the Buyers Agent
Posted on February 10th, 2008 by Jonathan Dalton
Quick thought for the day …
Some argue buyers pay their agents as part of their financing because they’re the ones bringing all of the money to the closing table.
But if a buyer purchase a home without independent representation and there’s no reduction in the ultimate sales price because commission is contained in the listing agreement between seller and list agent, hasn’t the buyer “paid” just as much to be unrepresented as they would have to have someone negotiating in their best interest?
And which is most costly? “Paying” to handle all the negotiations, all the repair requests, all the inspections and managing the escrow on your own or “paying” the same amount to have an experienced professional do it for you?
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The last paragraph makes it sound like a pretty easy question! But, then again, some people just like to argue..
Facts, logic and empirical evidence of real life application? You stop this right now!
As always, you say it best.