Americans and Germans the most fleeced by real estate industry

[WhatInThe]

Americans and Germans fleeced by the real estate industry. In Germany much of the burden is on the buyer. Including a 7% sales tax on home sales

https://www.bloomberg.com/opinion/articles/2019-10-11/real-estate-agents-don-t-deserve-6
In several other European countries the seller pays the commissions including up to 8% in France.

 

[rkunsaw]

The seller determines the price of the home so the agents fee can be covered by pricing the house higher.

Of course, you have to find a buyer willing and able to pay the price.

 

[mathjak107]

here we have a NYC Real Property Transfer Tax which is a seller closing cost of 1.4% to 2.075% which applies to the sale of real property valued above $25,000 in New York City.

 

[Ken N Tx]

I have no experiance here, but here is a flat fee realtor..
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Flat Fee