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Real Estate
Reply to "Buyer's agent fees"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In NoVA, not MD, but our very aggressive agent is putting down 2.5% buyer agent commission paid by sellers on offers. [/quote] Same - 2.5% seems to be the norm for nova for a full-service buyers agent - we had some agents offer to do it for 2% but they made it clear they wouldn't do much except communicate the offer. Anecdotally we are seeing that a majority of the houses sitting on the market in close-in nova (~$1M) - if otherwise priced decently - are sitting [b]because the seller isn't covering the buyer's agent commission[/b] and won't adjust the price to reflect the buyer having to pay the commission out of pocket. [/quote] How have you determined this is the reason?[/quote] Ima guess that houses that sell more quickly have sellers agreeing to pay the buyer agent commission. It’s not hard to understand. For one thing, it’s common sense. You may quibble about the percentage but paying a buyer fee is an age-old concept in market making. [/quote]
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