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WRONG!
THE TRUTH:
On the
contrary, this charge for the buyer-agent services is unquestionably
BUILT-IN to the selling-price. That is, the selling-price has usually
been set HIGHER to cover this particular charge. And, as a result,
it's YOU—the BUYER—who ends-up paying it. And typically this charge
is thousands-and-thousands of dollars.
That's right.
It's one-hundred-percent INCORRECT to believe that ‘buyer
representation services’ are free and cost nothing. It's in fact one
of the BIGGEST ‘misconceptions’ in the home-buying
transaction-process.
Though ON THE SURFACE it may appear
that there is no cost to the buyer, the fact of the matter is the
seller of a home listed on the MLS ('Multiple
Listing Service') --
or alternatively the builder of a
new-construction home -- typically pay the buyer’s agent (YOUR real
estate agent) a commission of up to 3% of the sales price of the home
being sold. A sum which is then factored into THEIR asking price.
Which means that YOU're the one who'll ultimately be shelling-out the
money to cover this charge!
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