Hiring A Buyers Agent

Looking for a real estate professional to help you with your home purchase? Use A Licensed Realtors® For Your Next Home Purchase Use a Professional at ZERO cost .

Buyer Agency is not something that started yesterday. In fact, it has been around for more than 30 years. But the only ones who knew about it were big corporations who made huge real estate purchases. When U.S.Sprint studied the home purchases of relocating employees, it found that those who worked with traditional real estate agents ended up paying about 5 per cent more than those who used buyer brokers. On a $200,000 house, that's $10,000 of the buyer's money wasted. Be aware that if you search for homes first and contact the agent who has a particular property listed, that agent will represent the seller -- not you Isn't the agent who shows me homes representing me? "Don't count on it. Unless you have a written Agency Agreement, the Law of Agency, as defined by federal and state courts,specifies the contractual relationships that are formed when property is bought and sold. Agents listing property enter into assigned contract with the sellers to represent them in the sale of their property. This same contract permits the listing agent to use"sub-agents" to help secure a sale. Unless you have a written Agency Agreement with a real estate agent promising to represent YOUR best interest, the agent showing you homes should be considered a sub-agent working with the listing agent to obtain the highest possible price for the seller." At No Extra Cost. The buyer's agent is generally paid from the transaction commission. This is the same commission which the seller agrees to pay his listing broker. Most listing brokers agree to pay a "co-operating" fee to any broker who obtains a buyer for the seller's property. This is the same commission amount that would be paid to any real estate agent who obtained a buyer for the seller's property. So it doesn't cost the buyer any more to be legally represented by a buyer's agent. In fact, many times it will cost the buyer less, because the buyer's agent is working to get the property at the lowest possible price for the buyer! So, using a professional buyer agent services doesn't cost you a penny.