🚀 go-pugleaf

Vijay Aggarwal (vijay.aggarwal@home.com) writes:
> u donot pay comm.when u  buy the house, seller pay to agent for selling the
> house.

Not necessarily.

If the seller(vendor) pays then all agents involved work for the 
vendor. So if you are the buyer, and you have an agent show you
properties, get you to make an offer, etc., that agent is really
working for the vendor. It is his job to get the vendor the best 
price possible.

OTOH if you pay the commission to your agent as a buyer, then
the agent will be looking after your best interest. Trying to get
you the best deal for the least amount of money. 

Since you are paying commission anyway (if you are the buyer it
is built into the price), you may as well pay it directly and
benefit from working with an agent that is working for you.

> Mike wrote:
> 
>> If you are only going to need the house for a short period of time
>> (probably 4 years or less) it makes more sense to rent than to buy (except
>> maybe in housing markets like Ottawa has been in the past few years where
>> property values have skirocketed in short periods of time).
>>
>> If you buy/sell you have to pay real estate agent commission, land transfer
>> tax, lawyer fees x 2, etc.  Not to mention that most of your mortgage
>> payment is interest and not principle.
>>
>> There can also sometimes be income tax advantages to renting as opposed to
>> buying;  if you buy and then sell a home and it isn't your primary
>> residence (i.e. you have another house somewhere else that is), you have to
>> pay capital gains on the profit from the sale.
>>
>> Mike
>>
>> dlevangie@home.com (DL) wrote in <3be51b9b.1212782352@news>:
>>
>> >If someone ever gets to the point where they are paying 4000 in rent
>> >then it is crazy to dump that kind of money into nothing...why not
>> >build some equity somewhere....that is all I meant....
>> >
>> >On Sat, 27 Oct 2001 14:25:31 GMT, anon@xnews.com (Mike) wrote:
>> >
>> >>Actually it might be reasonable considering the size/value of the home.
>> >> A $80K apartment probably rents for $1000/month; why wouldn't a $320K
>> >>home (worth 4x more) rent for $4000/month (4x more).
>> >>
>> >>That being said, I don't know the vendor or the home so have no idea if
>> >>the house is worth that much if it is, it's probably in the right
>> >>range.  How much would you expect to pay for a large deluxe home?
>> >>
>> >>Just my 2cents
>> >>Mike
>> >>
>> >>
>> >>
>> >>dlevangie@home.com (DL) wrote in <3bdaa26d.526295793@news>:
>> >>
>> >>>I'd like to rent the one for $3900.00 a month please....NOT...
>> >>>
>> >>>Sorry but that is nuts....
>> >>>
>> >>>
>> >>>On Sat, 13 Oct 2001 09:44:50 -0700, "ne1943@hotmail.com"
>> >>><ne1943@hotmail.com> wrote:
>> >>>
>> ... (msg deleted)
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>>
>> >>>
>> >>>
>> >>
>> >
> 

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