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Seminar #8 - Extra Credit Reading
2008 is a great time for Buyers - See why
To learn more about the tax advantage see Case
Studies
Many buyers may not fully understand the home buying process
and what role a real estate agent plays. The following are
some of the most frequently asked questions that buyers may
be thinking.
What
does it cost as a buyer to use an agent?
The
compensation that a sales agent receives typically comes from
the seller’s proceeds. In other words, there is
no cost for a buyer to use an agent in a traditional agent/buyer
relationship. In a buyer agency agreement,
there may be some cost to the buyer, but even these agreements
are usually worded so that the agent is compensated from the
seller.
Can
my agent give me information regarding properties from other
companies?
Yes,
if that other company is a member of Multiple Listing Service
(MLS) – which most real estate companies are.
For Sale By Owner (FSBO) properties are not listed in MLS
so an agent likely would not be able to provide information
regarding them. However, with a buyer agency agreement,
your agent will be able to help you purchase a FSBO.
What
if I find a property on my own?
You
should contact your agent and not the property owner or the
agent listing the property. Having the address or the
MLS number is very helpful and will assist your agent in gathering
information regarding the property. Your agent is working
for you, and can find out all the information you need to
know about the property!
Can
I go to open houses without my agent?
You
can go to open houses without your agent. However, you
need to make sure that you indicate you are working with an
agent already. If you don’t, your agent might not
be able to help you write an offer on that property in the future
What
if I am unhappy and want to switch agents?
Let
the first agent know that you are unhappy and the reasons
why. See if you can work out the issues with them.
If not, tell the agent you no longer want to work with them
and find another agent.
When purchasing real
estate, a sales agent can be an extremely valuable resource
if you remember your responsibilities:
Work
with just one agent
Make
sure you tell your agent everything
Always
tell other agents you are already working with an agent
Consider
your agent a friend!
Attend
our Free HomeBuying Workshop - This
fabulous session is designed for the "First Time Buyer"
or those looking to "Upgrade" or "Downsize" This
valuable session is not to be missed. Please contact
us for specific details on the next session, also you may
ask about our Limited "one on one" sessions.
email the dean at thedean@buyahouse101.com
or call 609-895-0500 x107
 Get
pre-qualified
Ask
the Dean a Question
Attend
a FREE Home Buyers seminar
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