As with any contract you may consider signing, do yourself a favor: Compare before you sign. Not doing so could cost you dearly at closing. Here's why.
It's been standard practice for some time that sellers paid for some portion of buyers' closing costs. It's also been standard practice for even longer that sellers paid the full amount of commissions at closing on both sides of a transaction, meaning sellers traditionally paid for some portion of buyers' closing costs.With the economic crisis affecting so many real estate agents, some are getting creative
. The industry calls them Buyer Beware agreements, the the newest scam to hit Floridians. If you don't know about real estate compensation in Florida or knoow little, beware of contracts requiring you pay a minimum amoun at the closing table. From rough estimates, it appears these rascalsare making ff with anywhere from $2,500 to thousands more from trusting buyers who think this practice is normal
. Our honest-agent practices guarantee that you will never get ripped off. If you are thinking about buying, you owe it to yourself to compare buyers' agents before you sign. To get started now, click on the blue button at the top-right of this post.