No more than it will cost if you use a traditional real estate service...
You choose the method of payment. The most common way is the same way other real estate agents are paid: the typical commission paid at closing is usually divided between the listing broker and the broker of The Buyer's Agent. The only difference is that our contract says our portion of the commission is paid "on behalf of the buyer." This statement discloses your representation and discloses it to the seller. Because the fee comes from the proceeds of the transaction, there is no need for you to incur additional cost for our services.
If you work on commission, why would you try to lower the price of a house for me?
If we save you $10,000 on the purchase of your home, The
Buyer's Agent would only earn
approximately $150 less commission. Your good will and word of mouth advertising will be worth much more than this. We also have a legal obligation to represent ours client's best interest
Just as traditional agents work for the seller, The Buyer's Agent only works for the buyer and is obligated, according to A Realtor's Guide to Compliance With the Law of Agency, to reveal to the buyer: "the willingness of the seller to accept a lower price, any facts relating to the urgency of the seller's need to dispose of the property, any facts affecting the value of the property, and any information that would affect the buyer's ability to obtain the property at the lowest price and on the most favorable terms."
But do these savings really make much difference on a purchase as large as a home?
Definitely. In fact, the larger the purchase, the greater the savings. Just a 1% savings on the price or a 1% savings on a 15-30 year loan can yield thousands of dollars in savings.
How much money can The Buyer's Agent save me?
The amount you can expect to save will vary.
The following are typical ways we can help save money:
-Negotiating to get you the best purchase price.
-Including repairs and extra considerations into the contract.
-Seeking the best loans and rates, not just the current "market" rate.
-Reducing loan processing fees.
-Minimizing your closing costs.
-Providing services, such as homeowner's warranties, at cost.
And in any other way we can
REALTOR® -- A registered collective membership mark that identifies a real estate professional who is
a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership
Pensacola Real Estate
© 2004 Les Austin The Buyers Agent. All rights reserved.