Home Selling in 94063>Question Details

Spipalma, Home Seller in Redwood City, CA

I am a veteran selling my home in CA. It was purchased with a VA loan. Do I have to pay realtor commision?

Asked by Spipalma, Redwood City, CA Tue May 6, 2014

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4
You do not need to pay a Realtor if you sell by owner. If a Realtor assist you they will want a commission. Typically when you hire a Realtor they will charge you x commission to sell your house. That commission gets split between the listing and selling agent. So if you sell your house for $500k and agree to 5% commission, that mean listing broker gets 2.5%($12500) and selling broker get 2.5%($12500). Commissions are negotiable and can be a percent or flat fee.

Good luck with your sale.
0 votes Thank Flag Link Fri Jan 30, 2015
Spipalma, you will pay your agents commission and that agent typically will split their commission with the buyers agent. Unless of course that agent ends up representing both you and the seller. Hope this answers your question.
0 votes Thank Flag Link Fri Jan 30, 2015
If you want the services of a Realtor to sell your hone, of course! If you wish to sell by owner, perhaps you have a chance of saving commission.
0 votes Thank Flag Link Tue May 6, 2014
As a buyer purchasing with a VA loan, a veteran is not allowed to pay realtor commission. So, although it does seem obvious I would have to pay my realtor, would I also be responsible for paying the buyer's realtor commission? Perhaps I need to check with the VA Center instead. Thank you.
Flag Tue May 6, 2014
Spipalma,
Only if you want an agent to help you sell it. VA provide benefits for veterans through their loans. There are no special programs from the government that supplement an agents work on behalf of veterans. Some agents are inclined to provide added service or reduced fee schedules for Vets. Just make sure that you don't accept a lower set of fees that result in a lower set of standards.
Find the best agent you can and they will make you more money than an agent who only sells price. Thanks for your service and I hope your sale goes well.
0 votes Thank Flag Link Tue May 6, 2014
Thank you for your response. When I sell, do I have to pay the buyer's real estate commision?
Flag Tue May 6, 2014
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