Lately I have started to hear a trend amongst buyers do to a misconception where commission is concerned. When a buyer purchases a home for sale in Columbia, SC or really just a bout anywhere for that matter, they realize that their representation from a Realtor is free for them. Sellers pay commission and that commission is split between the listing and the selling agent. If the listing agent represents both side, the buyer and the seller, then they claim the full commission for the transaction and their is no split.
I have heard however, from more than one would be buyer lately, that even though their representation is free that the cost of it is passed on to the buyer. This is not the case at all. The commission is agreed upon prior to the home for sale being listed and it will remain the same regardless of whether there is more than one agent involved in the transaction or not. You will not get the home cheaper without your own Realtor, you will simply not have someone protecting your interests in the transaction.
Regardless of the price that the home ultimately sells for, the commission is already a part of the listing. It will be paid as a percentage of the sells price once the home closes. The only difference is whether one or two agents get paid in the process. So in the end to keep it simple, when you chose to enter a transaction without representation from a buyer's agent, you don't save yourself money. You cost yourself representation.
JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate
I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.
Office- 803-788-1450 Cell- 803-730-9601 Email- James_Boney@Yahoo.com