Reason for Seller to Still Cover The Buyer Agent’s Compensation

Streamlined Transactions

Buyers’ agents facilitate smoother transactions by handling negotiations, paperwork, and coordination. Their expertise can expedite the closing process. This is beneficial for the seller.

Attract More Buyers

Offering to cover the buyer’s agent commission can make a property more attractive to potential buyers. Otherwise they may be reluctant to bear this additional cost themselves.

Higher Offers

Buyers may not have the extra cash of the commission. They might be more willing to meet the asking price or engage in more flexible negotiations.

Broader Exposure

Buyer’s agents are more likely to show properties that offer a commission. This increases the property’s visibility and potential buyer pool.

Professional Negotiating

Buyers’ agents bring professional negotiating skills that can help avoid emotional or uninformed decisions that derail deals.

New Real Estate rules and regulations are effective August 17, 2024. If you are considering selling or buying a home and not sure what to do, contact me. No obligation – it would be my pleasure to assist you.