Asked by Ab, Seattle, WA • Thu Mar 6, 2008
Typically (in Washington anyway) I think the "seller" covers the realtors' commission / fees -- usually 6% total of the sale price. In a short sale situation, does the bank cover that? (for ex., does it come out of the price of the house being offered? (so if buyer ffers $180K on a $200K home, & expected commission is $3200 , does the bank assume it will get 176.8K instead of $180K?) We (as prospective buyers) would assume 100% of other closing costs, but have presumed we would not have to pay for realtors' commission.
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