Home Buying in Virginia>Question Details

A Buchanan, Home Buyer in Fredericksburg, VA

My family and I are movng to WV. We are planning on buying a house and I was wondering what the realtor

Asked by A Buchanan, Fredericksburg, VA Sun Mar 15, 2009

commition rate is and who pays it? Here in Va it is between 4 and 6 % and the seller pays this? Is it the same in WV?

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A Buchanon - not sure where in WV you're moving, but since I am in Loudoun, we regularly refer business back and forth across the border, and everywhere that I talk with agents, it is handled the same as in VA. The Wash DC MLS system includes parts of WV, and I can tell from looking at the listings, that sellers are offering commissions of about 2.5%-3.5% for buyers agents bringing buyers. When you hire the agent, ask what they charge and make sure that what is being offered by most sellers will fully compensate them - and ask them when or if they see exceptions where buyers have to pay from their pocket (note that some loan programs do not permit the buyer to pay any buyer agent fees, so you'll need to have a strategy to handle this should it come up). I doubt you'll have any concerns.

If you'd like me to refer someone in the area where you'll be moving, please email me directly vchrisner@kw.com
0 votes Thank Flag Link Sun Mar 15, 2009
I can only imagine that it would be the same process in WV! It is the same here in TN that it is in VA. When a house is listed for sale with a Realtor, that Realtor, known as the listing agent, negotiates a brokerage or percentage with the seller! This will compensate themselves and usually the buyer's agent, if there is one in the transaction. Again, normally this percentage is split down the middle, but not always. It would be in your best interest to consult a local Realtor and have him/her explain this better to you. If you have trouble finding one, my company has a huge network of real estate agents that I could help you out with all over the country. Simply touch base with me and I would gladly put you in touch with one in you area.


2204-D Madison Street
Clarksville, TN 37043
Office: (931) 648-2112
Mobile: (931) 237-8124
Fax: (931) 648-9772
Web Reference: http://www.wesstamey.com
0 votes Thank Flag Link Sun Mar 15, 2009
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