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All Forum Posts by: Richard Ferraro

Richard Ferraro has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: Do I Need to Save Additional 2-3% for Buyers Agent?

Richard FerraroPosted
  • Posts 3
  • Votes 0
Quote from @Russell Brazil:

No. It will be included in the purchase price 95% of the time.


Thank you, really appreciate the comment 

0 Votes
Buying & Selling Real Estate

Post: Do I Need to Save Additional 2-3% for Buyers Agent?

Richard FerraroPosted
  • Posts 3
  • Votes 0
Quote from @Benjamin Aaker:
If you are working with a Realtor (TM), they will have to follow the NAR rule to sign an agency agreement with a buyer before showing houses. That agreement will set a compensation that is negotiable. Most likely you will need to factor this into your purchase price when making offers.

Thanks. So sellers are not making contributions here anymore? What percentage of sellers are still contributing in some way, do we have data or knowledge of this?


This is substantively more “downpayment” savings upfront. If the change has occurred and buyers are now doing this, surprised not discussed more 

0 Votes
Buying & Selling Real Estate

Post: Do I Need to Save Additional 2-3% for Buyers Agent?

Richard FerraroPosted
  • Posts 3
  • Votes 0

Hey all,

Confused as to the current state of buying/selling after the NAR decision. Do I as a buyer need to pay my agent a negotiated 2-3% of the home purchase price? I do not see that home prices have dropped 2-3% and this is a lot of added savings in additional to a downpayment if so.

Appreciate thoughts!

0 Votes