I am originally from New York and now live in San Diego and Fort Lauderdale. I am a Broker in Florida and California and was a broker years ago in New York.
I know that in New York if you are doing a rental the buyer pays the fee to the Realtor but if you are purchasing a house the seller usually pays the commission on the house sale.
In every State we can never discuss what a seller normally pays us but yes, the Seller does pay the Realtor an agreed upon fee when a listing on their home is taken. There is not a standard commission rate. A Realtor does not get paid until they bring a buyer who is ready, willing and able to purchase that home at the agreed price..
I hope you find your perfect home in North Park. If you need help, please feel free to call me with any questions.
The seller pays the commission to the buyer's agent in most cases. Properties listed on the Multiple Listing System will show the compensation a listing broker offers to the buyer's agent. If the property is offered directly by a seller, like in the case of For Sale by Owners, the buyer will pay the buyer's agent commission unless a compensation agreement is negotiated with the seller to pay for it. Great time to buy in San Diego
Let me know if you need any help.
CA BRE: 01930877
a) Congrats. You'll love it here and won't miss shoveling snow. (Funny but true story: my wife and I sat for 10 minutes staring at the ice scraper we found in the back of our rental car before we figured out what it was - and we consider ourselves fairly educated.)
b) 5-6%. But you shouldn't care because,
c) The Seller normally pays it!
Let me know when you get into town and we'll grab some Pizza.
Willis Allen Real Estate
Rancho Santa Fe, CA 92067
A good buyers agent will save you a lot of money.
I have vacant land that you can build a new home in 6252 East Lake Drive, San Diego CA 92119. Land Cost 185K, Home Cost around 235K â€“ 250K to build
Nice area located in San Carlos. Upsize to a 4 bedroom home, or downsize to a 2 bedroom home. Build the home that fits your needs. Lot was previously approved for a 4 bedroom 3 bathroom, 2 car, 1971 Sqft Home. No monthly mortgage payments while you are building the home.
Build a New home for around 425,000
Another case: If you find a home that you love but it's a for sale by owner. Most buyer's Brokers will either ask for compensation from you or the seller, or tell you that you're on your own. It's about 10 times more work when dealing with for sale by owner or any other party that doesn't pay you any compensation as a buyer's Agent, and the risk is too great to not be compensated. Just not a smart move.
I love North Park! A very eclectic vibe to the neighborhood. Try out Urban Mo's if you get a chance. Great food and entertainment on Wed nights. Look for a buyer's agent that you have a good rapport with. Go with your instinct. Ask for their track record, or whatever makes you feel comfortable with them. Like harold Sharpe said....plain and simple -
Yes...the seller pays our commission.
It is as obvious as everyones willingness to help you buy a property, but again that was not your question.
Good luck out there, it's the wild wild west!
All one word. Pam
As for your prospects, it appears that you have at least several good agents from the San Diego area who responded to your question and could help you. Good luck.
As everyone else has mentioned, the seller usually pays the commissions that go to the buyer's agent and the seller's agent. It is important that you work with an agent, when searching for that home, that you feel comfortable with. When are you moving here and have you looked into certain areas that you would like? I would be happy to help you narrow your search down and make this transition much less stressful for you. Please feel free to contact me with any questions.
Coldwell Banker Residential Brokerage
Welcome to San Diego!
Everyoneâ€™s answer, so far, has ignored the situation wherein a buyer enters into a contract with the buyerâ€™s agent whereby the buyer guarantees the agent will be paid a certain amount or commission no matter what is offered in the multiple listing service. In many cases, this contract covers any property purchased by the buyer including new construction in which the property has not been offered on the mls and no commission is offered to the buyerâ€™s agent. Of course, these contracts also cover the instance in which a buyer buys directly from an unrepresented seller (for-sale-by-owner) who is unwilling to pay a commission acceptable to the buyerâ€™s agent.
You should discuss with your agent what their commission expectations are. Whether you have a contract with your agent or not, I am sure that you can respect the concept that your agent needs to make a living, just like anyone else. Of course, your agent still needs to earn their commission.
Everyone has answered plenty so I am just going to say Welcome... think you will love it here. You will be able to call your friends while they are freezing in the snow and tell it is 70 degrees and sunny (smiling). It is a great place to be.
I hope this answers your question, San Diego is a wonderful place to live, you just can't beat our weather.
The seller pays the commission to the buyer's agent in most cases. Properties listed on the Multiple Listing System will show the compensation a listing broker offers to the buyer's agent. If the property is offered directly by a seller, like in the case of For Sale by Owners, the buyer will pay the buyer's agent commission unless a compensation agreement is negotiated with the seller to pay for it. Great time to buy in San Diego, prices have come down dramatically. Expect a lot of competition in the event you are looking for Reo's as well as entry level properties, there's multiple offers most of the time. I'll be happy to provide you with an overview of the neighborhoods and properties you are interested in and hopefully, find you the ideal one.
Miriam QuiÃ±ones, Gri,Crs,Cdpe
Certified Residential Specialist, Certified Distressed Property Expert
Dre Lic No. 00978885
Windermere Exclusive Properties
ph (760) 214-1476
I'm a fellow New Yorker (Manhattan and Long Island) moved here 3 1/2 year ago and can guarantee you will love it!
As for commissions, don't sweat it, seller pays unless it's a for sale by owner listing. Your bet bet is to work with a Realtor to secure you a place and give you plenty of options while using the multiple listing service (MLS).
Another benefit is, depending on your price range, often it can be negotiated by your Realtor that the seller pays all or a portion of your closing costs (average of 3% of purchase price).
I would love the opportunity to help a fellow east coaster so contact me if you like!
Best of luck and best regards,
Realtor, Willis Allen
Del Mar, CA
Best of luck and let me know if I can help,
Joan Wilson â€“Realtor, Ecobroker, SRES, Reo & Short Sale Specialist
Prudential license # 01341483
It is customary that sellers pay the commissions and all commissions are negotiable in the state of CA. A typical commission for a buyer's agent would be 2.5-3%. It works in your best interest to work with an agent that will help you find a great home and negotiate a solid deal. If you don't already have an agent, I would be happy to chat to see if we would be a good fit.