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Reply to "Agents Paid Hourly Rates"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What is the current expectation for using a buyers agent now? I'm looking this fall but the idea that I'm going to pay 2-3% out of pocket to a realtor for a $2M house is pretty rich.[/quote] Depends on the location. $2M gets you a semi-renovated older house or a 10 to 15 year old house in Arlington. Builders are now offering 1% to a buyer agent. Could you save another year so that you could get a $2.5 to $2.8 new house and get the builder to rebate the 1% to you? The builder's agent can write the contract for you.[/quote] I have been calling agents in MD and DC before I show houses and have not had one instance where the seller is not paying 2.5 percent commission(except one listing that was offering 3 percent). And I have three listings right now-all three offering 2.5 percent. [/quote]
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