Tucson Home Buyers Pay No Commissions !
We Work for Tucson Home Buyers FREE of Charge !
Tucson Home Buyers Pay No Commissions ! It is true. Very few Tucson Home Buyers know this very important fact. What does this mean? If you are looking to buy Tucson Real Estate or a Tucson Home you can have us work for and represent you during the real estate transaction absolutely FREE.
Here is how it works. When a seller lists their home, they list it at a commission rate, and that commission is split between the listing agent and the buyer's agent. The part of the commission that is offered to the buyer's agent is called the co-op fee. In Tucson this is usually 3%.
Some buyers have used the logic that, in the end, they are the ones paying all the commissions, but this is not true. The thinking goes that the seller simply raises the asking price to cover the commissions.
The reality is, the Tucson Home or Tucson Real Estate has to appraise at or above the selling price in order for a loan to be funded. Meaning, the value of the house has to be at least what the buyer is offering to pay for the property.
Here is a simple example: A Tucson Home is listed at $100,000 at a 6% commission rate, 3% to the selling agent and 3% to the buyer's agent. The sale price is $100,000 the appraisal must be at least that in order for the loan to be approved, the home is appraised at $100,000 so it is worth $100,000 the buyer pays $100,000 for the home of that value, the seller recieves $94,000 for their home appraised at and sold for $100,000. The home seller pays the commissions.
Therefore, if you are looking to buy Tucson Real Estate or a Tucson Home, you can have us do all the work finding your Tucson Dream Home for Free. It is a win win situation for Tucson home buyers!
Barbara Lasky
Long Realty Company
12080 N Dove Mountain Rd
Marana, AZ 85653
Office: (520) 918-7494
Toll-Free: (888) 825-8251 x7494
Fax: (520) 572-6714
Cell: (520) 240-3560
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Information Deemed Reliable But Not Guaranteed
