Veronica Dagher
speaker
3,082 appearances
51 recordings
1 series
first heard Sep 2017
last heard Jan 2025
Veronica Dagher’s voice in public audio — every appearance, attributed to the second.
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Appearances
Starting in mid-July, buyers might have to pay for their own agent out of pocket if they want one.
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And this could be tricky for first-time buyers who don't have that much cash sitting around up front.
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For context, the current system is that the buyer's agent is paid through the commission charge to a seller.
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And that is what we were talking about, which often runs from 5% to 6% of the purchase price.
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If all this goes through and the changes happen, buyers will need to be responsible, most likely, with not only finding their own agent, which many of them do now, but they'll have to pay their own agent
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and negotiate with this agent potentially about how much they're going to pay them.
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This is a big shift potentially for many buyers.
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So some people are moving forward quicker with deals.
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Other people are just proceeding as is.
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Some people are waiting and seeing in July.
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It's as individual as the buyer who's looking for the house.
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As you know, there's a lot of other things people consider when they're buying a house.
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And so this is just another aspect for them to consider when they're trying to make their decision whether to buy now or wait.
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So mortgage rates right now, still hovering around 7%.
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There's things you can do to get a lower rate.
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Your best bet in terms of trying to get a lower rate is to, in fact, shop around.
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Talk to three to five lenders.
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Include a credit union in that process.
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Include some online lenders.
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See what offers you get and find the rate that's going to help you pay that lowest mortgage rate.
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Showing 601–620 of 3,082 · page 31 of 155
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