If you've never purchased a home or condo, or never purchased one through a Realtor or broker, than the commission structure and who pays whom might not be familiar to you - but it's simple. We'll break it down for you and you'll likely see that it's in your best interest to use the services of a buyers agent with your next purchase.
To learn more about us, our services, and how we can help you go here -> Janus Real Estate
It doesn't cost you extra, a buyers agent represents ONLY YOU and your best interest & works to get you the lowest price possible (the listing firm represents the seller and their best interest - and highest price).
This is especially true in the case of foreclosure properties in the Charlotte market - there are various aspects of a transaction that can be stacked in, or out, of the buyers favor from Due Diligence and Inspection periods, refundable deposits, paid closing costs by the seller / bank, and the actual sales price itself.
Buyers agents for Charlotte foreclosures including homes, condos, lofts, investment and commercial properties. We have experience working with the banks, listing firms, listing agents and other aspects for making your purchase.
As your buyers agent we WILL get you the best deal possible!
That property is assigned to a listing agency and listing broker. That broker works on behalf of the bank who holds the foreclosure. The seller offers a commission TO THE LISTING FIRM. That commission, in many cases, is 6% of the final sales price. If a buyer makes the purchase with no agent working on their behalf (a buyers agent) than the listing firm keeps 100% of the commission offer.
If a buyer does decide to use a buyers agent then the listing firm shares the commission paid by the seller with the buyers agent 50% and 50%.
Many believe that if they don't use an agent of their own that the seller won't have to pay part of the commission thereby saving the buyer in the overall price - that just isn't the case in virtually all instances - the listing firm just gets to retain the full commission, all the while working solely on the seller's behalf.