Sellers no longer have to pay the buyer ’ s agent .
Headline
Sellers no longer have to pay the buyer ’ s agent .
IN DEPTH
Sellers were never required to pay the buyer ’ s agent — but doing so can offer advantages .
Offering a buyers agent commission may make your property more attractive to a wider audience . It opens the door to buyers who may be unable to afford the commission in addition to the other out-of-pocket costs involved in purchasing a home .
Also , when both buyer and seller have professional representation , the complex transaction process is smoother . The buyer has someone with expertise to coordinate with lenders , appraisers , inspectors , attorney reviews , closing documents , etc . The seller has peace of mind from knowing that those items are being taken care of according to the terms of the agreement .
In our local markets , the statistics show that sellers almost always choose to pay buyer agent compensation . The seller and their agent determine the rate . It ’ s important for both buyers and sellers to work closely with their real estate professionals to make decisions based on their individual situation , unique needs and real-time market conditions .