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Real Estate Tips
Short Sales >6. Who Pays My Agent When I Short Sell My Home?

Because a short sale usually comes about in a financially trying time, the standard realty fees can be a concern. But the homeowner need not worry about the financial strain of short selling his or her home.

When the lender agrees to the short sale, the real estate agent begins to market the home to potential buyers. At this point, the homeowner is only required to allow potential buyers view the home.

When the home is sold, the commissions are paid from the money the buyer places in escrow; therefore, because there is no equity in the house, the lender ultimately is the one paying the entire sales commission.

Since lenders are already losing money on the sale, it’s common for them to offer less than the average sales commission to the real estate agents involved.

See All Tips In The "Short Sales" Category >
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Real Estate Trivia
Q 
To what process do the terms closing, escrow, settlement and passing papers refer?

A 
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
See More Real Estate Trivia >


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Tami McCraw, REALTOR®, real estate agent and broker for Scripps Ranch, Mira Mesa, San Diego and Rancho Penasquitos, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Tami McCraw
Coldwell Banker Residential Brokerage

12036 Scripps Highlands Drive
San Diego, CA 92131
DRE License# 01435258
Phone: 619-884-9640
Fax: 858-695-3635
Email: TamiMcCraw@gmail.com


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