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The way it works is : seller pay 5%-6% of commission to his agent. Seller agent then posts what the buyer agent will get. Buyer agent will get equal or more, as
by blaincate 12y ago
The way it works is : seller pay 5%-6% of commission to his agent. Seller agent then posts what the buyer agent will get. Buyer agent will get equal or more, as he to do more legwork.
now interesting part:
a buyer can negotiate with his agent to get some of the commission a buyer agent gets in range of 1.5%-2%. But buyer has to work with smaller agents, not affiliated with big firms : century 21. There is glut of agents, and you can get the deal. (me and some of my friends have)
needless to say : you have to do lot of legwork : finding house urself, and just the agent to do the paperwork.
Same goes with seller : he has to give 3% for buyer agent, but for his agent (seller agent) he can negotiate to 1% - 1.5% (know of that happening too)
while looking for a next house, I just made a aggregator to scrape multiple sites and let me know when new house is available in bay area. (http://www.twikstik.com/ http://www.twikstik.com/ : running on appengine)