use your cash effectively.
Negotiate Partial or All Buyer’s Agent Commission As part of your purchase offer, you could request that the seller pay all or part of the buyer’s agent commission. A partial agent commission, for example, could be for the seller to pay 1%. This reduces the amount of cash required at closing for you and transfers minimal cost onto the seller. It's important to partner with an experienced, knowledgeable real estate and mortgage professional. They can guide you through the rules, ensuring you understand your options and make informed decisions. A buyer's agent will find potential homes, communicate with the seller’s agents, and represent your interests when negotiating the purchase. They will identify properties, based on your pre- approval, that fit your budget and criteria, help you develop a competitive offer, negotiate on your behalf, and provide you with knowledge and support throughout the process. The agent has access to the Multiple Listing Service (MLS), where they can find more detailed information about individual properties than is available on real estate websites and apps. Insight into the area. Your agent can share insights on local amenities like restaurants, shops, events, and community vibe. However, due to Fair Housing laws, they can’t comment on crime rates, religion, economic status, or schools. Instead, they can direct you to trusted sources for that information. Go home shopping. Scrolling through listing photos just isn't the same as viewing a property in person. Your agent will work with a home's listing agent or owners (if the property is for sale by owner, FSBO) to schedule showings. They'll also fill you in on anything they learned about the sellers or the property from that communication.
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