comfortable and convenient for you.
Examine the housing market bearing in mind your price range and how an area aligns with your needs. Factor in the neighborhood, the commute to work (if that applies to you), the school districts, houses of worship, proximity to amenities and recreation facilities, crime statistics, noise, neighbors, parking, traffic, impending construction, or anything that could impact the desirability of a particular area for you.
STEP 5: ENGAGE A BUYER'S REAL ES UYER'S REAL ESTATE AGENT
“Real estate agent” and “REALTOR®” aren’t synonymous. All REALTORS® are licensed agents, but only those who join the National Association of Realtors can use the title. A buyer’s agent represents your interests in a purchase. While many agents work with both buyers and sellers, having the listing agent represent both sides—known as dual agency—can pose conflicts and is illegal in some states. Buyers' real estate agents must have a written agreement with their clients before showing homes, clearly stating compensation terms. This ensures transparency and avoids surprises during the process. However, no agreement is needed for general inquiries or open house conversations. Before August 17, 2024, sellers typically paid both the buyer’s and listing agents' commissions, usually splitting the total fee. Now, it’s important to confirm whether the seller will cover your agent’s fee or if you, as the buyer, will be responsible to pay it at closing. Compensation Listings on MLS As of August 17, 2024, offers of compensation can no longer be listed on multiple listing services (MLS); these are centralized databases used by real estate agents to share
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