who are trying to find houses for us to view?
2007-09-14 02:28:21 · 15 answers · asked by Scampi 3 in Home & Garden ➔ Other - Home & Garden
If you are in the UK the answer is yes.
Only the seller pays the agent, not the buyer.
2007-09-14 02:31:12 · answer #1 · answered by kitty 5 · 2⤊ 1⤋
The only person that pays the real estate agent is the person who has asked them to sell their home for them. They pay a percentage of the sale price, usually 3 to 7 percent.
As a home buyer, not seller, you won't have to pay anyone. And any real estate agent worth their weight will take you on to help you find a home you like, since it means:
1. Either they will sell you a home that they have the listing for and will make their money from the seller.
2. They can show you a home that another real estate agent has listed and they will share in the percentage with the real estate agent that has the listing.
So, get yourself a real estate agent that works hard. They'll find you a house and you won't pay, the seller will.
Good luck finding your new home! Don't forget the house warming party!
2007-09-14 02:38:46 · answer #2 · answered by The ReDesign Diva 7 · 1⤊ 0⤋
No you do not pay the estate agents only the legal side of purchaseing the property.
some estate agents do require holding fees so watch out for that one.. depends on the estate agent on the amount .
good site for finding houses is www.rightmove.co.uk
top tip when you find your house of your dreams do not have a basic mortgage survey.
Pay a bit more and get an indept survey especially if it is a old house. you do not want to but the house and after you move in things comeout of the woodwork as to say..
2007-09-14 03:24:29 · answer #3 · answered by MICHELE K 2 · 1⤊ 0⤋
No an estate agent is the agent of the seller and the seller pays his agents fees. You are the buyer and the agents fee comes out of the purchase price you pay so in sense you do pay indirectly. If you buy straight from the seller the house should be a bit cheaper.
2007-09-14 02:34:55 · answer #4 · answered by Maid Angela 7 · 2⤊ 1⤋
absolutely, you don't pay anything.
Remember who is paying them the commission though. They think its the seller so will be loyal to them.
In actual fact its you that ends up paying the estate agent through the price of the house but they don't see it that way.
For more expensive housing you can engage a search agent for which you would pay.
2007-09-14 03:25:48 · answer #5 · answered by Michael H 7 · 0⤊ 0⤋
you only pay money to estate agents if they are selling a house for you, they then charge you a commission for giving that service. happy hunting
2007-09-14 02:53:25 · answer #6 · answered by SUE G online 6 · 1⤊ 0⤋
Nope you don't! Sellers pay estate agencies, not buyers.
2007-09-14 02:30:59 · answer #7 · answered by Sal*UK 7 · 4⤊ 1⤋
No you have to give them their commission and closing fees are usually involved first time buyer or not. How would u like not to be payed for doing your job?
2007-09-14 03:23:07 · answer #8 · answered by LINDSEY S 7 · 0⤊ 3⤋
That is true. The selller pays the commision to the realtor.
Good luck finding your new home!
2007-09-14 02:35:23 · answer #9 · answered by blueman 5 · 2⤊ 1⤋
you would only pay your lawyers for the legal work when you purchase a property.
2007-09-14 02:39:57 · answer #10 · answered by Jackie M 7 · 2⤊ 0⤋