Loni Lueke REALTOR® - The Do's and Don'ts in your Homebuying Process

CHAPTER 1 Why Working With a Real Estat eal Estate Agent? When you are in the market to purchase a home, you don't need a salesperson but a real estate expert who explains the process and helps you to avoid bad surprises during the process and beyond. In South Carolina, we have listing agents who work on behalf of the seller, and we have buyer’s agents that represent the buyer through the entire purchase process. It is important for the buyer to know that, with rare exceptions, the commission for this service is paid by the seller. Usually, the seller agrees to pay a commission to the seller's agent who can then keep the entire commission if he/she represents both sides (seller and buyer). If a buyer is represented by his own agent, the commission will be split between the two agents. A buyer who goes directly to the listing agent and allows the agent to "manage” both sides of the transaction is dealing with an agent who has conflicting responsibilities. One job for that agent is getting the best price for the seller and the other one is negotiating the best purchase price for the buyer.

MORE ACCESS TO THE REAL ES O THE REAL ESTATE MARKE TE MARKET

A real estate agent will have better access to the market and special knowledge of local conditions. The agent is a full-time liaison between sellers and buyers. An agent will have ready access to all active listed homes on the market and often knows what is coming up soon. A real estate agent will track down homes that meet your criteria, contact the seller's agent to secure appointments for 1

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