Nothing is free...right?
Well, when you hire a Realtor® to help you buy a home, it doesn't cost you anything, 99% of the time.
Here is why. When a seller lists their home for sale with a real estate company, they offer a commission. Let's say a seller has offered his broker/agent a 6% commission on the gross sales price of his home. This is typically split in half and the listing broker shares 3% of this with the buyer's broker/agent. When the sale closes (and only then), the commission is paid. Some would say that the seller is paying the commission, however, it could also be argued that the buyer is the one paying it, since they are paying the seller! Either way, generally no one pays money out of pocket for the professional services of a Realtor®.
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