Thinking of making a move in the Dallas area? 📲 Call / Text me: 214-957-2001 💻 Email: michael@bearcoastdallas.com 🤝 Set an appointment with me here: bit.ly/40HvRrQ 🎥 Subscribe here: bit.ly/3JPOiUB
@SunitaSingh-u2m
Ай бұрын
As of a few days now, the buyer has to pay the agent or work out some kind of deal with the seller.
@dallasneighborhoods
Ай бұрын
Commissions have always been negotiable. Sellers could always have offered $1 as buyer agent compensation if they wanted… but nobody does it because it dramatically decreases your buyer pool. I’ve not come across a single seller that wasn’t offering to pay the buyer agent commission yet. But yes worst case if they’re not offering it, you can still work it into the deal exactly as before. Historically it’s already been pre-negotiated into the list price before it even hits the market. Now you might have to add it to the purchase price as part of the offer.
@MrThe1234guy
11 ай бұрын
Attorney fee of $150 😂
@dallasneighborhoods
11 ай бұрын
Lol it’s really more of a doc prep fee… there is no legal advice involved. It’s just that they have to pay an attorney to prepare the docs.
@legorretachristian21
10 ай бұрын
Oh okay. 😢
@dallasneighborhoods
10 ай бұрын
I don't get it lol
@KentonNewby
Жыл бұрын
Michael, I’m an LO for a big mortgage broker and this video was spot on! Great work! Wish I was licensed in TX…lol! Oh, and I’m totally stealing that “yellow dots, little piece of Texas” intro too…but for GA. 🍑 And 100% agree about Box A. That $500’s of penny pinching can delay closing or cost the buyer their earnest money. Sooooo not worth it.
@dallasneighborhoods
Жыл бұрын
Thank you for the kind words!
@alexvilla3886
Жыл бұрын
When buying down the interest rate, does that money go towards the principal of the loan? Or is it just added to closing cost?
@dallasneighborhoods
Жыл бұрын
You can do it either way. Cash at closing or increasing the loan amount.
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