News for hackers. Stuff that matters.

A comment on Home ownership is the West’s biggest economic-policy mistake. Parent comment

Re:Home ownership is the West’s biggest economic-policy mistake by bluGill on Tuesday April 20, 2021 @09:22AM (#26874254)
Realtors commissions? There are none, the seller pays those in almost all case. It is possible to hire a buyers agent who works for a fee from you, but that isn't common (and I'm not sure how it works) so I'll ignore it. There are closing costs, but they are not a percentage in general.
[ Parent | on HN ]
Re:Home ownership is the West’s biggest economic-policy mistake by akomtu on Tuesday April 20, 2021 @03:22PM (#26880024)
Without a buyer agent, the buyer can get a 3% discount on the sale price.
[ Parent | on HN ]
Re:Home ownership is the West’s biggest economic-policy mistake by ipaddr on Tuesday April 20, 2021 @09:46AM (#26874561)
If the seller pays the buyer is the actual one who pays.
[ Parent | on HN ]
Re:Home ownership is the West’s biggest economic-policy mistake by bluGill on Tuesday April 20, 2021 @10:04AM (#26874832)
In this case that isn't true because the seller is paying out of the full value of the house. When realtors decide give a discount (ie when working for a friend, or other marketing), the seller gets more money and the buyer doesn't see any difference.

There are other ways of looking at it where you are correct.

[ Parent | on HN ]