Rob Vanovermeire - YOUR GUIDE TO PURCHASING A HOME

yesterday. The ease of online transactions and proliferation of services to assist buyers in handling their own real estate transactions came about recently, throughout the last decade. This has caused some buyers to wonder if using a real estate agent is no longer necessary or if it's an expense that can be avoided. For some buyers, they will approach the seller's agent believing they will get a better deal, but you can take on additional risk that could end up being pricier than a real estate agent’s commission in the long run. I talk a lot more about this topic later so keep reading. Buyers generally have two major concerns when buying a property. #1. They don't want to overpay. #2. They don't want to move in a find something negative that they wish they knew about before buying. Buyers generally don't pay any commission to an agent on a house purchase. On most home sales, there is a listing agent (the agent engaged by the seller to sell the property) and a selling agent (the agent who introduces the eventual buyer into the transaction). The selling agent is sometimes called the “buyer’s agent” because he or she is often working on a certain buyer’s behalf, and it’s easier than explaining that the selling agent is not the listing agent but really the buyer’s agent. There are some real estate agents that market themselves as “buyer’s agents,” A.K.A. “exclusive buyer’s agents,” or “buyer’s representatives.” These real estate agents have chosen to make a business of finding homes for prospective buyers and handling the negotiations and manage the entire transaction right to possession day. These agents want to accentuate the reasons a buyer shouldn’t go directly to the listing agent when they purchase real estate.

A buyer who goes directly to the listing agent and allows that

3

Powered by