BestHomePro Blog
The North Carolina Tarheel members of my family jeered at me last night at dinner when I extolled the virtues of Jon Scheyer and my Duke Blue Devils, who had just won the ACC Tournament Championship and obtained a #1 seed in the NCAA Tournament.
In the second and final part in the series "When do you owe your agent a commission?", I address some of the lesser known senarios in which a seller owes their listing agent a commission. Did you realize, in some cases, you don't even have to complete a transaction?
It sounds incredibly simple, but "buy low" and "sell high" needs to be the basic tenant for any investment in real estate.
We all expect and recognize that we owe our real estate agent a commission when we've completed the transaction. However, many consumers don't realize they may still owe their agent a commission, even if they don't close on a home with that agent. Have you read the buyer agency agreement?
If home values are at their lowest level in 5 years, mortgage interest rates are low, and you believe property values will increase over the next 3 to 10 years in your area, thinking about the leverage available in real estate might be the compelling argument to move forward.
