Mark G. Phillips - BUYING YOUR FIRST HOME

and if it’s out there, they will find a perfect home for you.

By contacting an agent, it’s possible to find a less expensive house as well. Agents will have details and listings you may not have found on your own. It can be difficult to make a correct and viable decision on a home when you’re all on your own. Agents not only have all kinds of different choices and options to present you, they can also show you various quality locations and guide you through the buying process. Many buyers are confused about how buyer’s agents get paid. The seller pays the buyer’s real estate commission to the listing brokerage. Real estate agents are prohibited from being paid a commission directly by the consumer. All real estate commissions are first paid to the listing agent’s broker, and then the listing agent’s broker pays the buyer’s brokerage. Buyer’s agents do not work for free. When you engage a buyer’s agent to show you property, you are implying that you will eventually write an offer through that buyer’s agent, from which the buyer’s agent will share in the commission.

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