How much does a real estate agent cost to buy a house in Salt Lake City? Would you believe nothing? Buyers don't pay agents. Sellers do. Contact us today and let us work for you.
A real state agent that represents the buyer is paid by the seller of the home. The owner of the home actually writes into the contract how much they are willing to pay an agent that finds a buyer for their home. In Salt Lake City it is typically 3% of the purchase price. The commission is paid out of the seller's proceeds when the home is sold.
The great part about this is that a buyer does not need to incur any costs to be represented by a real estate agent. So how much does a real estate agent cost to buy a house in Salt Lake City? Nothing, technically speaking.
But think about it, the buyer of a property is in position to be taken advantage of. You don't know anything about the history of the home, claims against the property, all you know is that you like it enough to make an offer on the property. The agent that is representing the seller might be friendly, but their job is to get the most money possible for their seller and to get YOU to buy the home.
An agent that represents a buyer is looking to help you find the perfect home for you at the best price possible. If you don't find a home, then no sellers pay them. Find a realtor in Salt Lake City. Get the top real estate agent to help you.
(Source: Yahoo Answers)
Realtor fees: Typically paid by the seller to the listing broker who in turns shares part of it with the Realtor who brings a buyer to the table. A buyer may hire and pay outright for a Realtor to represent them, but this is not typical because the other way is free to the buyer.
Your Realtor is typically paid a percentage of the sale price and therefore not on top of the purchase price. It is not a fixed amount. It is also a separate contract between the brokers and not not something the buyer gets to negotiate as part of their offer. Its just part of the cost to buy a home in Salt Lake City.
If you use the seller’s agent, your Realtor services will be free as well. But be wary that if you decide to do this that the seller’s agent does not have a fiduciary duty to you. Because the seller hired the listing agent, that agent has their highest duty to the seller. The only way for you to get the same level of fiduciary duty is to bring your own Realtor to the table and again, this service is typically free to you. Find a realtor in Salt Lake City to represent you.