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Notice the word, "directly". Buyer agent fees can be financed,
indirectly, using language in negotiations between the buyer
and seller to achieve that result.
However, absent that language in the offer, the buyer agency
fee isn't directly, independently, financeable.
In other words, the buyer can't merely say to the lender, I
want my agent to be paid by you adding in "x" percentage
to my loan.
The day will most likely come--when buyer side and seller side
fees are de-linked--when that will change, but, for now, buyer
agent fees are not directly, independently financeable.
Jay Reifert -- Fitchburg/Madison ****** http://www.real-reform.org
http://profiles.yahoo.com/jay_reifert** http://www.true-agent.com
http://www.madison-real-estate.com
mailto:true-agents@12345true-agent.com <-----------Remember to
remove the numbers from
the email address before
hitting send.
Montrose wrote:
> On 1-Apr-2006, "Jay Reifert" <true-agents@12345true-agent.com> wrote:
>
>> (Only because lending arcana leaves no way to directly
>> finance the buyer agent's fee, at this point.)
>
> Buyer's agent's fees cannot be financed? Please explain. That sounds
> like a major problem. How then do you deal with a FSBO that you find
> a home?
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Re: Buyer's Agent Fee Cannot Be Financed
