Apologies if this is a dumb question- I’m preparing to buy a property for the first time (condo). I understand that if you’re selling a home you’re aiming to get as much money as possible for it, but if you’re buying a home you want to get it at the lowest possible reasonable price- and since the agents work off of commission, wouldn’t my agent as a buyer want me to pay more to make more money?
I know that if I fall in love with a place it will be obvious and my agent will clearly see that- wouldn’t they encourage me that the max end of my budget is worth it, and then it benefits them?
Additional question if you have the time- there tons of info online about what your monthly mortgage budget should be- based on gross income, net income, 25% of that, 28% of that, your dogs best friends unicorns cousins- for homeowners out there- how did you determine what percent of your monthly income was appropriate to spend on a mortgage?
Thanks all!
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source https://www.reddit.com/r/RealEstate/comments/k2ibxq/dont_buyers_agents_want_you_to_pay_more/
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