[Dakar_2016]

I hope you can help me answer this and offer some guidance?

I'm planning on selling my 2015 property located in the northwest. It turned out that we prefer a single-story. After speaking to a realtor the other day, he mentioned that I also have to pay the buyer's agent commission, is this correct?

Basically, if he is listing my property for $280k, I have to pay $8400 twice (Buyer Agent Commission and Listing Agent Commission).

Thank you for your time and I'd appreciate any tips.

[ND_Irish]

That has always been my experience when selling a home. Of course, you can negotiate the commission percentages now before you sign the listing agreement or when negotiating the sale of the home.

[LuisSuarez]

6% fee 3% goes to each agent this is normal

[Litefoot]

You could check out the FSBO (for sale by owner sites). might be one near you.
Here in TN we have some Real Estate Companies that only charge $750 flat rate.
Shop around

[Packrat1]

Don't forget if you sell your house VA you will also have to absorb additional fees above and beyond that of a conventional loan. Be sure to clearly lay out to your realtor if you want the home listed as FHA and VA.

Personally, after selling a home VA last year I would not even consider it again.

[ScoopLV]

Just raise your price 6% if you feel compelled to list with an agent. (No way I would.) Hell, raise the listing 10% to give you some haggling room.

The buyer actually pays all the commissions on a standard deal. He or she is the one who writes the big check, after all.

[fvansan]

Wrong! The seller pays the fees.

[LVAllen]

Originally Posted by fvansan

Wrong! The seller pays the fees.

Nope. Buyer pays, every time. It may not show up on the closing statement that way, but it's reflected in the price, which is fluid and set at the seller's discretion. Thus a house that might have been listed for $250k will be listed by an agent at $275k, and ultimately sell for $265k.

[OmegaSupreme]

there's also buyer's closing costs, which many offers are made stating that the seller (you) will have to pay X amount. of course you don't have to accept those, but they may be the only offers you get

also, almost all offers are contingent on financing and therefore appraisals. so you can't simply raise the price by X percent as this will potentially come back to bite you (worst case, deal falls through)

[hotjambalaya]

I can't believe people put up with 6% commission to be honest.

1.5% in London and I'll even haggle that down, and agents in Vegas do even less then ones here. They seem to think they deserve 3% when all they do is take 5 terrible photos and stick a lockbox on a door, at least the buyers agent is compiling lists and driving the buyer around.

If there's anyway to list it yourself Id be all over it