I have heard listing agents make comments about sellers still paying buyer's commission. I thought the lawsuit is now requiring buyer's to pay their own agents, which make sense to me. I often hear about buyers not able to afford down payments, etc. Is that the seller's responsibility to help compensate their inadequacies to buy a home. If the lawsuit now states the buyer's pay their own agent and have to sign an agreement with the agent, then what you are suggesting is that when I sell my home pay for the buyer's agent commission and when I purchase a home I am also required to pay the agent. So, in essence, I'm paying commission twice. Why all the sympathy for the buyer and none for the seller.
I disagree. There are a lot of first time buyers out there, trying to start building a life for their future. I don’t know if you currently own a home or not; however, it typically takes most people quite a few years to try to save up money to go towards the down payment and their closing cost. If you add another 6 to 15,000 on top of that, it would put homeownership out of reach for most people.
And one other thing to consider is a seller if everyone else is still offering out commission and you’re the only house that’s not yours will take much longer to sell.
Great breakdown Desi.
I have heard listing agents make comments about sellers still paying buyer's commission. I thought the lawsuit is now requiring buyer's to pay their own agents, which make sense to me.
I often hear about buyers not able to afford down payments, etc. Is that the seller's responsibility to help compensate their inadequacies to buy a home.
If the lawsuit now states the buyer's pay their own agent and have to sign an agreement with the agent, then what you are suggesting is that when I sell my home pay for the buyer's agent commission and when I purchase a home I am also required to pay the agent. So, in essence, I'm paying commission twice.
Why all the sympathy for the buyer and none for the seller.
If they can’t afford to pay someone to represent them, maybe they can’t afford to buy a house.
I disagree. There are a lot of first time buyers out there, trying to start building a life for their future.
I don’t know if you currently own a home or not; however, it typically takes most people quite a few years to try to save up money to go towards the down payment and their closing cost. If you add another 6 to 15,000 on top of that, it would put homeownership out of reach for most people.
And one other thing to consider is a seller if everyone else is still offering out commission and you’re the only house that’s not yours will take much longer to sell.