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42 sats \ 3 replies \ @Coinsreporter OP 7 Jul \ parent \ on: How was your weekend? What did you do? AskSN

Selling a house is nowhere easier. It sucks! I've also heard that the seller needs to pay 6% to the broker. Is this correct?!

20 sats \ 2 replies \ @Aardvark 7 Jul

I think like 5.5 these days, plus closing costs etc. It's a significant amount.

21 sats \ 1 reply \ @Coinsreporter OP 7 Jul

Yupp. Comparing to India, it's at least 3-5% more. Most properties here sell with a brokerage of .5 to 1% and some with 1-2%. And comparing the price, properties in Indian cities are not cheaper than the properties in the US.

0 sats \ 0 replies \ @Scoresby 23h

Real estate agents in the US had a standard ~6% commission, paid by the seller and split between seller's and buyer's agents, but a 2023 Supreme Court decision found this was pretty much price-fixing and so there is supposed to be a a wider variety of services and rates offered by real estate agents now. I don't think it's really happening though.

Also: I hate removing wall paper.