Maximize Buying Power With A Professional
Plug Into Buyer's Agency For A Successful Home PurchaseIn a recent poll for the National Association of Realtors, 71% of the home buyers surveyed said they would use a buyer's agent to help them buy their next home. They have good reasons! Buyer's agency is a relatively new development in the real estate industry. Until about a decade ago, residential real estate agents represented sellers. Whether they were the "listing agent" or the agent who brought the buyer to the contract, both were legally bound to represent the seller's interests. That's all changed today. Savvy buyers can now put a professional on their team, representing their interests, by working with a buyer's agent. BenefitsWhen you sign an agreement to have an agent represent you in the home-buying process, you'll get a whole host of benefits, which may not cost you a dime. Your buyer's agent can:
When you contract to work with a buyer's agent, the agent is legally obliged to provide you with care, confidentiality, full disclosure and accurate accounting. Depending on your contract with the agent, you may promise to let the agent represent you for a specified period of time and in relation to any properties you become aware of during that period. CostIn most cases, though not always, buyer's agents receive their fees from the sales commission specified in the seller's listing agreement. The seller's listing agreement often stipulates that the commission they pay will be split between their own agent and the agent who brings a buyer to the settlement table-regardless whether that agent represents the buyer or not. In other cases, however, buyers pay a fee or hourly rate for their buyer's agent's services. To find out more about how you can take advantage of our professional services as you buy your next home, please feel free to give us a call. |