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
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.
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.
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
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.
Thank you for the kind words!
As of a few days now, the buyer has to pay the agent or work out some kind of deal with the seller.
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.
That was awesome video
Thank you for watching!
When buying down the interest rate, does that money go towards the principal of the loan? Or is it just added to closing cost?
You can do it either way. Cash at closing or increasing the loan amount.
Oh okay. 😢
I don't get it lol
Attorney fee of $150 😂
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.
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