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If I'm purchasing a house for 25000 how much do i pay my realtor?
Typically the commission is paid by the seller, which the buyer's agent & seller's agent split in half. If you are paying the agent a commission, he or she is getting paid twice. If I were you, I would look for another agent that will accept the commission that is being paid by the seller.
What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
What is buying a house consumption or investment?
investment if it is new, consumption if you pay rent or are a second-hand buyer
Does the buyer or the seller pay?
The buyer pays.
Does the buyer usually pay for the home inspection?
Yes. Usually. There are pre-listing inspections in which the seller of the house wishes to provide an honest disclosure of the condition of the house at the time of inspection. These are paid for by the seller and are available to serious potential buyers. But most of the time the buyer will hire and pay for the inspection, which I highly recommend.
Does the buyer have to pay real estate commission to the broker?
Officially the seller pays the broker commission. However, ultimately it is paid by the buyer, since the commission is related to the selling price.
How much do you have to pay a buyer agent when you buy a house in US and do you really need one?
The SELLER usually pays all the commissions. The buyer's agent usually gets a split of the realestate contracted commission. If the deal calls for a 4% commission, the listing agents gets 2% and the buyer's agent 2%. If you are sellinga home, you would usually pay the buyer's agent some agreed upon amount.
How does commision work?
commission is a percentage of a amount given to a party. It happens mostly in real estate. This is how it works Lets say you want to sell your house for $500,000, and the agent finds a buyer. Then they set a commission percentage[ lets say 10% ]. 10/100*500000=50000 now the seller has to pay both price of house and commission meaning buyer gives $550,000
If I'm purchasing a house for 25000 how much do i pay my realtor?
Typically the commission is paid by the seller, which the buyer's agent & seller's agent split in half. If you are paying the agent a commission, he or she is getting paid twice. If I were you, I would look for another agent that will accept the commission that is being paid by the seller.
What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
Before the closing of a house can the builder deny the buyer to the house if he is willing to pay back the entire cost?
Only if Buyer and Seller (Builder) agree.
If you are an equal owner of a home with two other people and they refinance the house to buy you out who should pay for closing costs?
Usually the buyer pays all costs related to the purchase.
When a contract is signed by a seller and buyer to purchase a home and requires earnest money pymt by a certain date if it is not collected by the broker who is repsonsible to pay it buyer or broker?
THE BUYER OF THE HOUSE PAYS EARNEST MONEY. NO MATTER WHO'S RESPONSIBILITY IT IS FOR GETTING IT THE ONE WHO PAYS DOESN'T CHANGE NO MATTER WHAT HAPPENS
How much is a house sold for?
Whatever the buyer is willing to pay and the seller willing to accept
What happens to the lien when you buy a house with a lien on it?
What do you mean? Did you purchase a home that has a lien on it? If so, you do not have a clear title to your home and the lien holder can take posession of your property. A lien should be paid off prior to completing a sale of a property. Good Luck
Does the buyer have to pay commission to the real estate agency they use?
This is a good question, but the answer is not always clear. Up scale real estate in high priced areas typically charge for almost anything. As long as you do not sign a contract you are not legally liable to pay commission.
I was shown a home by sellers realtor and made a purchase offer. I only went through her and made the purchase offer and it was accepted. Do I have to pay her a commission?
Normally the commission is taken out of the total sale. When the sale closes, the realtor receives her commission. You do not pay a commission in addition to whatever you agreed to in your contract. You owe nothing else except whatever fees and taxes will be added. You will pay fees for inspections you demanded, etc. You will pay for mortgage fees. You do not pay for any commissions unless they were part of the contract. Read your contract.
