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On episode #28 of The Steve Talks Real Estate Show, I go into detail on what it cost to use a real estate whether you a selling or buying a house.
BUY A HOUSE: Using a real estate agent to assist you in the purchase of your house is absolutely FREE! Really. It cost buyers nothing out of pocket to use a real estate agent to help you buy a house. You will get all these expertise, knowledge, guidance, and contract writing for ZERO.
I know what you’re asking…how does this real estate get paid then?!
Answer: THE SELLER
SELLING A HOUSE: Sellers of a house pay BOTH the selling agent and the buying agent commission. In Phoenix, Arizona the average real estate commission to sell a house is 6%. From the 6%, both the selling agent and buying agent are paid. Usually it’s split in half with both agents.
I want to make note of something: The commission CAN be negotiated. Although the average is 6%, that number can be negotiated by YOU the home owner and the real estate agent you’ll be using. REMEMBER though, there is a saying that “You Get What You Pay For” and often times this is true in real estate. Be WISE in what you’re going to get if you plan on negotiating a real estate commission. Make sure you know EXACTLY what you’re signing up for!
That wraps up episode #28 of The Steve Talks Real Estate Show. Keep sending in your questions, and I’ll do my best to keep answering. Add me on my social medias and don’t forget to subscribe and share!