Reply to Sellers, pls stop offering pay buyer's agent commission!

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Reply to "Sellers, pls stop offering pay buyer's agent commission! "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why not offer to pay Buyer's commission...but of course, you would expect that Buyer to submit a higher offer compared to a buyer where you aren't paying the commission.

Certainly, there is value to a Buyer to be able to wrap that commission into a mortgage payment vs. paying cash out-of-pocket via hourly rates or a lump sum at closing.

[/quote]

Yes, wrap that commission into the mortgage! Do the math and that $30k commission becomes $75k by the time you are done paying it off. [/quote]

Well, why does anyone get a mortgage then by that logic? [/quote]

DP here. By your logic, why limit the mortgage amount at all? Why not just pay you realtors 25% since the loan amount doesn't matter according to you???[/quote]

Well, this is a silly argument.  At some level the mortgage payments, no matter what they are composed, become too unaffordable for someone.

The only salient point is that many buyers don't have $10k+ sitting in their pocket to pay a buyer at closing, but they can easily pay the $25/month in added mortgage costs to pay the buyer's fee over 30 years.

Let's face it all...the new structure isn't a great deal for the buyer unless they are paying less for the house...which I don't see happening.[/quote]

The whole concept is that ending the illegal restraint on pricing will result in lower buyer agent fees. When the buyer pays  directly they won’t agree to 3%. Buyer agents will have to compete on price instead of automatically getting what the seller agent puts in the contract. [/quote]

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