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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone who is saving up for a condo, I’m not really happy with this decision. Now not only will I have to have money for a downpayment and closing costs, but also agent costs. Sellers probably won’t want to pay buyers agents, and I don’t want to a first time home buyer without one. It seems to shift more burden onto buyers. But it seems like many are happy with this decision.[/quote] You can make a free above ask and use the extra money to pay your agent. [/quote] Offer above ask*[/quote] This would mean that on top of everything else, the buyer would be rolling the cost of the realtor into the cost of the loan and paying it off over 30 years.. [/quote] Under the current system the buyer’s agent fee is added to the cost of the loan and buyers pay it off over 30 years. Under the new system, buyers will have the option of foregoing some or all of this fee, and having a smaller loan[/quote]
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