I’m thinking of buying a home directly from the seller. He says I have to pay him a commission. Is that true? MarketWatch 3/1/2021
THE BIG MOVE
‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage.
Do you have a question about buying or selling a home? Do you want to know where your next move should be? Email Jacob Passy at TheBigMove@marketwatch.com.
Dear MarketWatch,
I am hoping to be a first-time homebuyer soon. I have worked with a real-estate agent for a few months, who has shown me some nice places, but nothing has really felt like the “right” place yet. One potential spot popped up for sale recently but it is “for sale by owner.” The real estate agent told me that would mean the commission would be factored into the sale price for me to pay, as opposed to the owner of the home paying that bill.