[kkingston57]

Originally Posted by APovi

Net-To-Seller?
Q-If I list my house for $400,000?
Q-At closing I'll get maybe $365,000?
Q-But, my BUYER will pay maybe $410,000?
Q-Doesn't that mean that 'someone' else will get about $45,000?
Q-Is this the result of the settlement of the recent lawsuit against the NAR?
(National Association of Realtors).
-Commissions used to be split (equally?) between a LISTING BROKERAGE and a SELLING BROKERAGE.
-Both the Buyer and the Seller knew what they would pay, and what they would get.
-But now, Buyers are being bullied into 'hiring' a Buyers Broker.
-And that Broker demands that, before they will show them a house, the buyers have to sign to pay them a commission.
AND that cost is hidden from me, the seller!
(PS- NO! BUYERS do NOT have to use/pay a Buyers Broker).
-As a SELLER, I want to know what my BUYER will be paying (and for what).
-And, I want my BUYER to know what I will be paying (and for what).
Here's my counter-offer:-
= = = = = = = = =
AT CLOSING:
+$370,000 - The BUYER will pay to the SELLER.
+ $ 10,000 - The BUYER will pay the Listing & Selling Brokerages to share.
=$380,000 - Sub-Total
+$ 3,000 - The BUYER will pay the Title Insurance/Closing Agent costs up to this amount.
*Q-I get $5,000 MORE?
*Q-The buyer pays $27,000 LESS?
(Should be a quick sale?)
*Q-The Brokerages share $10,000 for a few days work?

-Another saving is that Closing Costs would be based only on the SELLERS side $370,000 -vs- $400,000.
*Q-$10,000 commisssions! Is that adequte for 'A-few-days work'?

Too many what ifs? Like the old system 6% and both agents share and the buyer and seller pay their respective costs.