How many times do you hear, “the seller pays the commission” when it comes to buying a home or property? I have even seen this proclaimed on the websites of prominent real estate companies that are trying to entice buyers to work with them, because after all, their services would be free then, right!?
Sure, the real estate commissions are typically deducted from the seller’s proceeds at closing, BUT all the dollars are coming from the buyer, AND every seller takes into account the commissions that are owed when they decide what price to take from the buyer. Bottom-line: Home buyers are paying the real estate commissions…so my advice is that they learn about them!