I am starting to see how people are upside down on their homes in the US. The person who is supposed to be giving you the advice (your real estate agent) isn't always working towards your best interest.
In the current system the real estate broker gets typically 3% of the sale price. But if you are looking to buy a house you can afford and want to get the best price possible...why would they help you do that? The more they make you pay for the house the more they will actually make. Sure, they can only push it so far until you don't buy the house at all and they make no money...but still.
I think they should change it so real estate agents get 3% of the LIST price not the SALE price. That way you and their goals are aligned.
Of course if I was selling a house I would base it on the sale price...
Don't get me wrong...not hating on the agents..some of my closest friends are agents.
Crooks apparently but close friends nonetheless. ;)
In the current system the real estate broker gets typically 3% of the sale price. But if you are looking to buy a house you can afford and want to get the best price possible...why would they help you do that? The more they make you pay for the house the more they will actually make. Sure, they can only push it so far until you don't buy the house at all and they make no money...but still.
I think they should change it so real estate agents get 3% of the LIST price not the SALE price. That way you and their goals are aligned.
Of course if I was selling a house I would base it on the sale price...
Don't get me wrong...not hating on the agents..some of my closest friends are agents.
Crooks apparently but close friends nonetheless. ;)
