The housing market crisis in America
Locally it's 5%, but I think that's even high. The same house can be flipped as many times as possible with a 5-6% commission, which does get included in the selling price. which artificially inflates an already high price. And yes, technically the commission is on the seller, but they increase the price to pad it in, or as much as they can before negotiations.
As far as the article, who says a realtor won't go higher than 6% with how we've seem crazy house prices and demand?
That is because they come from states like California and they have sold their homes for large amounts and are moving to other areas and paying cash for the home and banking the rest.
I wish I was born with a silver spoon. I see that around here with the ranch familes.
