Why does the seller and buyer pay in the real estate market
Recently, there is a question. Who pays the real estate Agency Commission in the real estate market of Rostov-on-don? The buyer or the seller? The history of the response goes back to 2008. Until then, the work of realtors in the region was paid exclusively by real estate buyers.
They paid 6 percent of the final value of the property. The rule that arose spontaneously and was fixed for two decades caused many questions in cases when the service was ordered by the seller of an apartment, house or office space.
In 2008, at a regular meeting of members of the southern chamber of real estate, it was decided that the service should be paid by the person who orders it.
The market was rebuilt for a very long time and since 2014 it has gradually switched to payment from the customer. For example, if the owner of a land plot plans to put it up for sale, the company enters into a contract with him for the provision of services with the payment of a Commission fee. If before the sale you need to make a survey with a section and further registration on the cadastral register, this is another service that is also paid for under a separate agreement with the company. The situation is similar when selling an apartment that has been redeveloped. The owner will need to legalize it. If he resorted to the help of realtors, the buyer will not pay for such work.
The seller will pay for them. Well, if the company asked the buyer for the selection and subsequent purchase of a new residential building for their family — this is also a separate service.
This is a fair and reasonable result of the fact that a separate Commission system has been formed in the real estate purchase and sale market. Thanks to it, each of the parties to the transaction pays only for the services provided to it and you do not need to pay anything extra! However, buyers and sellers do not always understand what is included in them. Therefore, questions may arise as to why both parties pay - both the seller and the buyer.
We will tell you more about the content of realtor services on the example of the Agency of elite real estate maralin Ru.
If we sign a contract with the seller of real estate and take the object to work, we perform a whole range of services:
professional photo and video shooting of a real estate object;
preparing an advertising presentation depending on the task at hand;
search for potential buyers;
promotion of information about an object in the company's catalog www.maralin.ru Facebook Instagram, VK, Odnoklassniki, YouTube, in the mobile app, on the Internet and social networks;
creating a version about the sale of an object in English (for foreign clients);
placement of the object in the magazine about luxury real estate MaralinMagazine;
assistance and support in the repayment of a mortgage loan, if the object was previously purchased with a mortgage loan;
assistance in registration and preparation of documents for the transaction;
legal support with the organization of a system of mutual settlements.
Our company guarantees confidentiality and complete security of the transaction. This is what the client pays for.
If we sign a contract with a real estate buyer, we also perform a range of services:
selection of suitable options for houses, apartments, offices, warehouses and other objects;
advice on the real estate market;
organizing impressions and views of suitable options;
assistance in processing documents;
advice and selection of mortgage programs;
organization of the settlement system;
support of refinancing transactions;
legal support with subsequent registration of ownership rights.
If necessary, the legal Department provides assistance in processing transactions with the parent capital, mortgage loans, and organizes interaction with the pension Fund and mortgage brokers.
The Agency provides all possible options to ensure the reliability of real estate transactions:
title insurance of the elite real estate Agency <url> up to 40 million rubles for legal support of the transaction;
organization of settlements and conducting transactions through a notary;
organization of mutual settlements through a letter of credit, notary Deposit or Bank Deposit box.
Payment for realtor services guarantees the client the legal and financial security of the contract of sale and transfer of ownership.
This practice has generally been formed in Rostov-on-don in the past 10 years thanks to the decision of the southern chamber of real estate. The Association is constantly working on the development of a civilized real estate market in Rostov-on-don and the Rostov region.
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