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Want to Buy a Home? Use Our Tips to Get Your Finances Ready |
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It's never too early to start planning when you want to buy a home. These seven steps will put you on track. |
There’s no question a good real estate agent can be a valuable resource when it comes to buying or selling a home. But how much is that help going to cost? |
To help take the mystery out of real estate commissions, we provide the following answers to a few of your most common questions. |
| Q. What is the average commission on a home purchase/rent? |
A. The average commission is between 3 an 5 percent. while for renting it is calculated according to the monthly rent of the property. |
| Q. Who pays the commission? |
A. In case you buy home the highest percentage of the commission is charged to the seller. While in renting the commission is charged to both equally. |
Q. Is a real estate agent likely to push me to buy a more expensive home so he can make a higher commission? |
A. There isn’t a big incentive for an agent to push you to buy a more expensive home because of the way commissions are divided. |
| Q. Will I pay less if I buy a house without using a real estate agent? |
A. Buying a house is a complicated Process, and most people find it's easiest to get through with an agent by their side. As it is very helpful to have someone familiar with the process to deal with it. Experienced real estate agents can make your buying process easier and above all help you to get the best use of your money. |
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