The buyer’s agent commission is always negotiated as part of the listing agreement, meaning the proceeds from the home will be used to pay both the buyer and listing agent’s commission. So, if there is a listing agreement in place, the buyer’s agent’s fees most likely will be covered. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that occasionally, with a discount company, or in a For Sale by Owner situation, the lower commission will have been negotiated. In the event a buyer’s agreement is signed outlining a fee of say, 2.5 or 3%, the buyer would be asked to cover the difference as part of closing cost, or the fees would need to be negotiated as part of the sales contract. A good buyer’s agent will discuss fees and review this process with you during an initial buyers meeting. Check out below to see what sold in Northville Colony Estates in September 2023:
16391 Weatherfield Drive, Northville: 3 bedrooms, 3 bathrooms, 1,707 sq. feet, 2 car garage, Sold Price: $455,185
Northville Colony Estates Home Sold
September 2023
There is a misconception that if a buyer doesn’t use a buyer’s agent, that they are going to get a reduced price from the seller. Most listing agents do not offer this type of discount, and then the buyer ends up being unrepresented in the transaction. Most listing agents do not want to be contacted by buyers directly. This is another reason why having a good buyer’s agent is to your advantage. For more information on Northville Colony Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.