[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'?

[retiredguy123]

I would never agree to pay a buyer's broker. Period.

[VAtoFLA]

I would agree to pay buyers broker only to the amount forfeited by my listing agent. Then it's really a wash.

To the OP, the deals the buyer makes are up to them. Whatever they pay, they've agreed to and it's up to them. Once you have a contract with them, the contract is the only thing you need to worry about. Then they need to perform.

The title company will tell you the final net after the realtor fees and other fees that are seller paid in a real property transaction.

[OrangeBlossomBaby]

As a seller, I wouldn't care who got what. As long as I got what I agreed to get at closing. If the agents want to duke it out, that's their headache and frankly none of my business.

If I put my house up for $300k, and a buyer counters with $290k, and I say sure that's fine, then I expect to get $290k. If I pay an agent to put it up on my behalf, I expect to pay my agent whatever I contracted them for. So if I contracted them at 5%, I expect to get $290k, and pay my agent $14,500. If my agent has an agreement with a buyer's agent to split it, whatever. It's my agent's money, they can do whatever they want with it. If the buyer is paying their agent a percentage, it's not coming out of the $290k they owe me. Again - it's their headache, not mine.

Regardless of the law, whoever is supposed to do what with however much - as long as I get what I agreed to get - everything else is someone else's problem, not mine.

[Aces4]

Originally Posted by OrangeBlossomBaby

As a seller, I wouldn't care who got what. As long as I got what I agreed to get at closing. If the agents want to duke it out, that's their headache and frankly none of my business.

If I put my house up for $300k, and a buyer counters with $290k, and I say sure that's fine, then I expect to get $290k. If I pay an agent to put it up on my behalf, I expect to pay my agent whatever I contracted them for. So if I contracted them at 5%, I expect to get $290k, and pay my agent $14,500. If my agent has an agreement with a buyer's agent to split it, whatever. It's my agent's money, they can do whatever they want with it. If the buyer is paying their agent a percentage, it's not coming out of the $290k they owe me. Again - it's their headache, not mine.

Regardless of the law, whoever is supposed to do what with however much - as long as I get what I agreed to get - everything else is someone else's problem, not mine.

I take it you've never sold a home in Florida. You'll have to pay more than an agent's fee at closing and it has nothing to do with the realtor.

[Topspinmo]

When I sold home I have minimum number that I won’t go below. As long as I get that number or higher in my pocket I’m happy. The state I left the closing costs was equally shared by buyer and seller. The agent got their fee off the selling price as long as I got my minimum number in my pocket. We all know we price higher to get to our bottom dollar amount.

[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.

[Normal]

Originally Posted by kkingston57

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

With or without a realtor there are still sales taxes and closing costs…not chump change

[OrangeBlossomBaby]

Originally Posted by Aces4

I take it you've never sold a home in Florida. You'll have to pay more than an agent's fee at closing and it has nothing to do with the realtor.

Again - as long as the NET RESULT is that I get what I expect to get - I don't care who gets what else.

If I need to fork over $2000 for closing costs, and $14,500 for my agent's fee, and another $5000 for Jimbob County lien against my estate, then that's what I have to do. As long as the check that comes to ME is $290,000. It just means I'll have to offer my house at a higher starting price and accept a higher offer.

I care about what I end up with. Everything else is details and negotiations.

[ElDiabloJoe]

Originally Posted by OrangeBlossomBaby

Again - as long as the NET RESULT is that I get what I expect to get - I don't care who gets what else.

If I need to fork over $2000 for closing costs, and $14,500 for my agent's fee, and another $5000 for Jimbob County lien against my estate, then that's what I have to do. As long as the check that comes to ME is $290,000. It just means I'll have to offer my house at a higher starting price and accept a higher offer.

I care about what I end up with. Everything else is details and negotiations.

Wow. I don't think we usually agree on much, but I agree with you here. I'm not selling unless I get my number.

[Aces4]

Originally Posted by OrangeBlossomBaby

Again - as long as the NET RESULT is that I get what I expect to get - I don't care who gets what else.

If I need to fork over $2000 for closing costs, and $14,500 for my agent's fee, and another $5000 for Jimbob County lien against my estate, then that's what I have to do. As long as the check that comes to ME is $290,000. It just means I'll have to offer my house at a higher starting price and accept a higher offer.

I care about what I end up with. Everything else is details and negotiations.

I agree with you but from your earlier post, I wasn't sure you were aware of all the financial ramifications of selling homes in Florida. Those details you mentioned can make you gulp but as long as the desired price clearance is there, full speed ahead.

[APovi]

Originally Posted by retiredguy123

I would never agree to pay a buyer's broker. Period.

Sorry for not being clear.
It's your buyer who is paying for a so-called BUYERS BROKER, or $20,000+/- to a Listing/Selling Broker.
Either way, the buyer is paying a lot of money which the seller is not receiving.
In my opinion, WAY TOO MUCH!
.