Many real estate buyers, especially first time buyers, don’t realize that when purchasing real estate you don’t have to pay ANYTHING to use an exclusive buyers agent.
Many buyers beleive they will save money by doing the home searching themselves. In reality, not using a buyers broker will probably cost you money and can subject you vulnerable to possible complications in the real estate transaction.
In a regular real estate transaction, sellers hire a Realtor , to advertise and sell their house. In the listing contract, a listing fee is decided of which a portion, usually 2.5-3%, is set aside for the payment of a buyers agent. It is from these funds that a buyers agent gets their commission check. This duty of this sellers agent is to look after the seller. Their job is to help the seller get as much money possible for the sell of their house. The listing agent has a responsibility to represent the seller and look after their best interest.
With the ease of searching real estate on the internet, it is easy for buyers to find Homes for Sale in Colorado, or rural Hyrum Utah Real Estate, it is true that buyers can get lots of information about real estate, but even the internet can’t replace the importance of using a buyers agent.
identify properties for buyers~The role of the buyers agent to primarily locate likely properties has changed}. The buyer agents main service is to serve as the “key” and provide valuable information about: homes information, local real estate
information, home value information, and to make sure the buyers the best deal and will be protected during the transaction~real estate protection}.
Real estate transactions can be emotional experiences and invove huge sums of money. Tensions can be high and things very often go wrong. Since a seller has a real estate agent to look out for them and negotiate on their behalf, buyers should have this service too.
The buyers agent watches out for the buyer. them arrange financing with the best mortgage officers, and help guide them to the best home loan~Buyers agents help their clients find the best mortgage lenders, that will get them the best interest rate and most reliable service for their mortgage loan}. When a good property is found, buyers agents help the buyers to present good strong offers. Good buyers agents understand the market and can usually get a read of what the lowest acceptable offer will be. Buyers agents also make sure that all the paperwork is accurate and complete so their clients, the buyers, are protected.
Buyers agents set reasonable deadlines for inspections, due diligence, and mortgage financing. They then follow up with lenders and inspectors to make sure due diligence is completed in time. If there are issues, they help renegotiate the deal to take care of any problems, or to protect the buyers earnest money if the buyer does decide to back out. When cancellations happen, your buyers agent will still be there for you, and will endure through the home search, and negotiation over and over until the deal closes.
