Comments on: Adventures in First-Time Homebuying #3: How to Find Your First Home, Part 1 http://www.punny.org/money/adventures-in-first-time-homebuying-3-how-to-find-your-first-home-part-1/ Adding a punchline to your bottom line Thu, 04 Dec 2008 01:45:32 +0000 http://wordpress.org/?v=2.6.2 By: Mike http://www.punny.org/money/adventures-in-first-time-homebuying-3-how-to-find-your-first-home-part-1/#comment-1809 Mike Sat, 29 Jul 2006 19:10:12 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-3-how-to-find-your-first-home-part-1/#comment-1809 One thing to note about the commissions paid by the seller to the realtor....the seller knows they're paying thousands of dollars in commissions, so they're passing that cost onto you, the home buyer, in some fashion. It's probably not an addition of 6% or even 3%, but even a 1-2% compensation increase will affect you. On a 350k house, that's $3.5-7k added price! One thing to note about the commissions paid by the seller to the realtor….the seller knows they’re paying thousands of dollars in commissions, so they’re passing that cost onto you, the home buyer, in some fashion. It’s probably not an addition of 6% or even 3%, but even a 1-2% compensation increase will affect you.

On a 350k house, that’s $3.5-7k added price!

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