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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.

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Real Estate Trivia
Q 
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?

A 
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.
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The Renee Butler Team, REALTOR®, real estate agents and broker for Winter Haven, Auburndale and Haines City Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Renee Butler Team
Brokers Realty of CFI

1142 1st. Street
Winter Haven, FL 33880
Office: 863-294-6773 ext 223
Fax: 863-297-5337
thereneebutlerteam@NUMBER1EXPERT.com


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