Do I the buyer pay buyer agent broker's fee (Philadelphia: sale, real estate)

[oz19454]

How much it will be if I need to pay for that?
Thanks.

[solibs]

The broker's fee is normally 5 or 6% and is usually paid entirely by the seller.

The commission paid by the seller normally gets split 50/50 between the listing broker and the selling (buyer's) broker. It then gets split again between each broker and their agents who actually did the work.

If you're buying your first house your closing costs and down payment will most likely be equal to or exceed the costs borne by the seller . . . but don't worry, it will all even out when it's your turn to sell.

[byoak]

The Buyer's broker fee is different than the commission. There is a fee that is charged by the buyer's broker for representation and this could range from $200-$300 and is paid by the buyer at settlement(you dont buy a house through them you dont pay). The commission on the other hand is not set in stone and can range from 4%-7% and is paid for by the seller. In Philadelphia there is also a real estate tranfer tax of 2% of the sale price to the seller and 2% to the buyer. The average transfer tax in PA is 1% buyer and 1% seller. You can set dome closing cost off by asking for sellers assist so less comes out of your pocket. If you need any information please do not hesitate to contact me.