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Think the Seller Pays the Real Estate Fees? Think Again!

house with dollar signs Most Buyers are told that the Seller pays all the real estate fees. This is not exactly true.

That the Seller pays the fees is semantics.

Your cash (or loan) to buy the home is what gives the Seller the proceeds with which to pay their agent and other settlement fees. YOU not only pay for your agent, but one could argue that you also pay for the Seller's agent.

You have the right to choose your own agent. Make sure you don't shortchange yourself by hiring a mediocre agent to represent your side of the transaction. Certainly, don't make the mistake of hiring the agent who works for the Seller!

An Exclusive Buyer's Agent's job is to help you buy the home at the best price and terms for the Buyer.

Buying a home in Salt Lake City or the Surrounding Area? Make sure you get an Agent on YOUR side of the transaction!

If you have excellent credit and will be buying a $300,000-$800,000 home in the next 90 days and would like an agent who will work exclusively for you, call us at (801) 969-8989 or contact us via the link on this page.

Exclusive Buyer Brokerages do not list homes and never represent Sellers. Their agents represent Buyers ONLY on the Buyer's side of the transaction. They work to get BUYERS the Best Price and Terms when they Buy...

Finally...

Posted by Benjamin Clark - Exclusive BUYER'S AGENT - Certified Negotiation Expert - SLC, UT on 02/25/2009 06:27 PM

Comments (3)

Buying a Home in Utah in the Home Buying Channel

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Originally posted at: Buying a Home in Salt Lake City, UT: Think the Seller Pays the Real Estate Fees? Think Again!

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3 Comments on Think the Seller Pays the Real Estate Fees? Think Again!

FEB

Ben -- this myth that the seller pays certainly is still alive and well. I see it all over the web, including some eba sites. I am glad you clarified this point. It is important that buyers understand the fee is coming out of the transaction and it is both the buyer's and the seller's money.

FEB

Hello Benjamin, I always educate buyers on the importance of having Exclusive Buyer Agent representation and NOT contacting the listing agent of each home that they are interested in. It's amazing how many agents don't seize the opportunity to convert a listing sign call into a buyer client!

Ben,

I haven't thought about this for a while but you are absolutely right. The "buying side service" isn't free, anymore than the listing side is. Cost wise it really doesn't make a difference if the buyer is using a seller's agent, a designated buyer's agent, a transaction coordinator, a buyer's agent company or an excluisve buyer's agent company.

So if they are paying anyway, why not work with the company best qualified to meet their needs and be loyal to them?

Thanks for the post!

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