Does it cost me ANY money to buy a house through a realtor?

Question

Do i save any money buying with out a realtor?

Answer 1

Yes, they get a percentage of the sale price.

Answer 2

All depends on the Agent you select! My last sale saved my buyers 7.9% off the asking price. If you feel you know how to appraise a house, pull the neighborhood comps, look up the sellers mortgage info, and present that information to the seller to help you negotiate a great deal, then maybe you don't need an agent. Then you need to find a GREAT Home Inspector, Real Estate Attorney, Title Company, etc.all of which an experienced agent has access to. You get what you pay for..I'd find a good experienced ABR..Accredited Buyers Representative as an agent!

Most Agents don't charge anything upfront, they get paid by the sellers...actually all commissions do get paid by you because ultimately you are the one paying the cost of the house which includes the commissions. Nothing up front though, the commissions are usually included in the cost of the house.

Good luck!

Vicki Watzlawick
Broker Owner
Exit Platinum Realty

Answer 3

The Buyer Agent gets paid from the sellers agent. There are building inspection fees, Moving expenses, Closing costs, etc. Talk with a buyer Agent for all that is involved. The interview will be free and can be a great help. Without knowing the type of financing you are using it isn't really possible to say what expenses are going to come up. The Buyer Agent is free and you get representation and protection. DO NOT use the listing agent. They work for the seller.
Go to REBAC.com and jackosullivan.net for more info.
Good Luck and Email me if you like.

Answer 4

As a buyer, having a REALTOR help you with your purchase should cost you $0.00! Shy away from agents that want to charge you a retainer fee or a commission.

In a typical real estate transaction, where the seller is represented by a Listing Agent and the buyer is represented by a Buyer's Agent, commissions are paid out from the seller's net proceeds to both of the brokers and their respective agents.

Your costs to purchase:

- Earnest money (comes off the amount you ultimately mortgage)
- Any inspections that you choose (paid at the time of inspection)
- Appraisal fee & any loan application fees (paid at the time of loan application)
- Any home warranty that you may want (this is negotiable to either pay yourself at the time of closing or to ask the seller to pay)
- Closing costs (upwards of 3% of the purchase price, which is negotiable into a purchase contract either by adding it to the purchase price or requesting the seller to pay them)
- The mortgage

I hope this helps! Let me know if you need any clarification!

Answer 5

Chances are that you might end up spending more with out a licensee to help you since you won't know what you can and can not negotiate. When you are a buyer you do not pay any commission unless you have agreed to do so within an exclusive buyers agency agreement. The agents in most cases split the commission. The way it works is that the seller agrees to a total commission to be paid to the agent that lists the property and is successful in selling it. The listing agent in turns takes the commission they have been promised and offers a percentage of it to other agents if they bring him/her a buyer and they close on a transaction. The rest of the closing costs is up to the negotiations. Here is a link that explains closing costs
The HUD-1 closing costs form explained: http://www.alta.org/consumer/hud1.cfm
Buena Suerte

Answer 6

3 percent of the house price is usually the cost. it is worth it, but ask around for a good realtor. If you do not use a realtor, you really should know what your are doing. if you are a first time house buyer use a realtor.

Answer 7

Realtors charge on average 6% of the selling price,you can buy cheaper without one,but ,they will handle all the paper work for you.they will take care of closing cost,inspections,title abstract and things that need to be done when buying a home.

Answer 8

as quickly as you touch them, the realtor gets his/her decrease by way of fact the realtor likely has an unique itemizing which permits him/her to collect the cost from everybody who inquired in the process the itemizing. to no longer point out, in case you haven't any longer been by using this technique (remaining) in the previous, you (and the broker) run the prospect of arising blunders interior the paperwork, and so on. that could desire to screw up the acquisition or flow of deed. Your greater advantageous wager could be to no longer hardship with reference to the cost, get your own agent or criminal expert (a criminal expert will can charge you out of pocket, your realtor might split the 6% with the broker agent) to help walk you interior the direction of the approach. you apart from could might wait until eventually the itemizing expires and notice if the broker is going with a sparkling agent and/or a chit.