Answer: The buyer pays the whole purchase price.
I think what you're asking about, though, is the listed price, the seller's asking price. And for that one there's no simple answer.
Every seller is different.
Some list well beyond what the place is really worth, figuring they'll have some bargaining room and can come down if they have to. Problem is, at an inflated asking price many buyers won't even come to view the place.
Some sellers hate dickering and ask a bargain price right at the start. They usually get a quick sale, or if their place is particularly appealing, might even have competing offers and end up receiving more than their list price.
Real estate markets are local, and for each one you can find an average discount from asking price for recent sales. But those don't really tell you much, because every transaction is different.
Rent It Out Or Sell
Hi Edith: I am 56. I own a nice condo that is almost paid off. I would like to buy another place closer to work. I teach, my salary is decent, but I don't have much of a tax write-off. Moving where I want would mean higher property taxes. I think I could easily rent out my place but have been advised by friends that renting is a big headache. -- L.
Answer: It's not clear what you're asking, but at any rate, your friends are right. Being a landlord is a skilled job, and an amateur can make troublesome and expensive mistakes. If you buy a new place, I'd advise selling the old one.
Don't let income-tax write-offs enter into your decision. There's no point in spending an extra dollar on property taxes or mortgage interest just to get back 28 cents on your tax bill.