Many sellers might determine to not pay the buyer’s agent, leaving consumers to shoulder that price on their own, or go without an agent altogether. For decades, the norm in this nation has been for the particular person selling a house to pay both her personal agent and the buyer’s agent. What’s more, the customer’s share of that fee had to be spelled out to find a way to advertise the home on the large regional listing sites. Realtors insist they never fastened these commissions, but as a practical matter, the general public notice worked to set a regular — usually in the neighborhood of 5 or 6%, split between the vendor’s agent and the client’s agent.
Jess Schulman, president and COO at Bluebird Lending, agrees with the unlikelihood of a housing market crash in 2025, noting that all indicators counsel a extra strong economy and further Fed rate cuts …