What Expenses To Expect When A Real Estate Agent is Purchasing Your Home
Are you buying or selling a home? It's a big step. And when a Real Estate Agent in Hollywood FL , is involved in purchasing your home, it's not just about handing over the keys. There are costs, some obvious, others not so much. Let's dive into what expenses you should anticipate in this process. Agent Commission: The Biggest Slice of the Pie The most significant expense? The agent's commission. Typically, this is about 5-6% of the sale price. But, here's the twist – usually the seller, not the buyer, who pays this. So, if you're selling a $300,000 home, you might fork out up to $18,000 in commission. It's a hefty chunk, but agents work hard to market, negotiate, and close deals. A skilled agent can fetch a higher sale price, potentially covering their own cost. Closing Costs: The Devil in the Details Closing costs – they're like the final lap in your home-selling race. These vary widely, but expect to pay around 1-3% of your home's sale pr...
