Viewing a single comment thread. View all comments

phiwong t1_ja0y1x8 wrote

To the seller.

If the seller is a developer, then it goes to the developer (who might be the construction company). The developer pays for the construction and land.

If the seller is an individual owner, it goes to them instead. They may have to use some of it to repay outstanding mortgage etc.

In that sense, buying a home is not fundamentally different from buying something from a store. Buyer pays seller.

3

T-T-N t1_ja1zxql wrote

A couple percent goes to the agent that clip the ticket, but then they do have to arrange for ads and open homes etc

1