Precisely who pays a real estate agent's commission is where things get a little tricky. Standard practice is that the seller pays the fee. However, the seller usually wraps the fee into the price of the home. So, the buyer ultimately ends up paying the fee, albeit indirectly. Let's sa...
CNBC Selectcovers what you should know about estate taxes, including who pays them and how they might affect your financial planning. What we'll cover What are estate taxes? Estate taxes andinheritance taxesare often discussed together, but they are different: Inheritance tax is paid by a benef...
This first time home buyer and prospective new client said to me: “The seller does not pay your commission. I am actually paying it because the commission is embedded in the price of the home.” Hum? In nearly 15 years working full-time in real estate that was the first time I’d ...
in most cases, your employer is required to pay out all earned commissions, as commissions are treated as wages. Generally, all commission amounts that can be reasonably calculated have to be paid out on your last day. However, payments of commissions following a termination tend to vary by ...
Keep in mind, too, that both buyers and sellers may need to payreal estate agent commissionsat closing. Which party pays which commission, and how much that will be, is negotiated beforehand. Each agent typically makes somewhere between 2.5 and 3 percent of the home’s sale price — on a...
Many aspects of real estate deals are negotiable, and that includes closing costs. Your agent’s commission fee, for example, may be open to negotiation, and even a small discount can save a lot of money.If you’re buying a house, it’s a good idea to research multiple mortgage lenders...
There is no specific rule for who pays the escrow fees, so speak to the seller of your future home or your real estate agent to work out who will pay. What are closing costs for seller? Seller closing costs: Closing costs for sellers can reach 8% to 10% of the sale price of the ...
Byline: DEBORAH CEARNALCearnal, Deborah
Your Real Estate Agent or Attorney may be a helpful resource. Loan points: Your interest rate is usually based on your credit score and the market. However, you may have the option to buy down your rate with mortgage points. If you choose to do so, it will be included in your closing...
Can closing costs be included in a loan? Closing Is the Home Buying Finish Line The good news is once you complete the closing process, you own the home. There shouldn’t be any more hurdles to clear – unless you want to immediately start diving into renovations. ...