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In addition presumably the 1.5% would need to be cash i.e. unmortgageable ?
As with others I'd be walking from any estate agent who suggested I as the buyer paid to buy
Indeed, the buyer of the 300k house, even if they reduced the asking price by an extra £4.5k , would need to find that as cash, so that would make a sale even messier than normal..if I were buying I'd be saying, "I like this house, I'll pay £295k but you'll have to go to buyer pays commission".
So you'd end up paying twice, once in reduced fees once in commission.0 -
If you were buying a house that had a 1.5% "buyer's premium", you'd offer 1.5% less for it, right, so you ended up paying exactly the same...
So YOU, the seller, are going to end up paying 0.5% more by going for the "cheaper for the seller" option. Assuming your buyer doesn't just buy somewhere else.0
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