Tag: brokerage free home
The number one such cost is the brokerage you pay to the real estate agent or the brokerage firm. Brokerage is the fee charged by middleman or broker between the buyer and seller. This fee alone can significantly add up to the cost of buying your home and make you exceed your budget for buying a home, as most brokers charge a brokerage fee of 1% to 3% of the total sale price. And, when buying a home even 1% can mean a lot of money.