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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: damainman who wrote (49135)	2/26/2006 4:40:15 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

damainman...any commission paid to agents in a sale is usually built into the sales price and disbursed by the seller to the brokerage firms involved in the transaction. The buyer usually pays it one way or another, although you will always hear it said that the seller pays it. I'd lobby for a rebate of some of the commission being paid to your agent, if I were you. Especially if the commission is as high as 4 or 5 percent. (Holy cow...is the builder that desperate to be offering that much? If he is, I'd be questioning the reasons behind the desperation.)

To: damainman who wrote (49135)	2/26/2006 5:01:44 PM
From: Lizzie Tudor	Respond to of 306849

actually that "davis" model which is the cheapest looks nice to me. I like those simple 3br 2ba ranchers, not too big, on one floor.

To: damainman who wrote (49135)	2/26/2006 8:55:32 PM
From: XoFruitCake	Respond to of 306849

The commission is coming out of the builder. They pay the agent's broker during closing. When I purchase my BHS home in N. Ca 1 1/2 yr or so ago, my agent receive 1% from BHS and she gave us a nice gift. In today's market a lot of agent is willing to split the commission they get from lender to homebuyer. You just have to find the right one (in-law will be good if you guys get along and trust each other). Even thought the commission is coming out of the transaction, if the house next door closed without an agent, the HB pocket the commission. So my way of looking at it is that it is just found money to cut down your cost (if you can negotiate with your agent to split it...). There is really not much work that your agent need to do unless you want to negotiate the price (get more upgrade, closing cost etc.). My agent told me that she negotiated and got a bunch of concession from the builder when she helped her son bought a house in Brentwood, Ca after 9/11 when the RE market was dead.