FREQUENTLY ASKED QUESTIONS
ABOUT BUYER AGENCY
 

HOW DO YOU GET PAID & DOES IT COST EXTRA FOR YOUR SERVICES?

99% of the time you will buy a home that is listed with a traditional broker. It is usually listed at a 5%, 6%, or 7% commission, of which traditionally 50% is offered as compensation to the Selling Office. In our contract, we accept whatever is offered as compensation to the selling office. Please note that all real estate fees are negotiable.

WHAT IS A BUYER-BROKER CONTRACT OR AGREEMENT?

This is the Agreement we sign when we have decided to work together towards the common goal of finding you a home. We usually only fill it out for two weeks. It can always be extended if needed. A copy of the agreement is enclosed in this package marked forms.

DO YOU REQUIRE A RETAINER FEE?

NO! Your retainer fee with us is to get totally PRE-APPROVED for your loan, or verification of funds if you are a cash buyer.

HOW DO I KNOW THAT I WILL SEE EVERYTHING AVAILABLE?

When we have the Pre-Approval letter, we know the maximum price home you can afford.

You will select:

___Exact price range you want us to search

___Minimal amenities you desire (3 bedrooms, 2 baths, etc.?)

___Area of preference

We will search the Multiple Listing Services and you will get a copy of every listing of every property that is available in your price range, with the minimal amenities you have selected in your area of preference.

We then map out the location of all of the properties listed, and ask that you take the time to drive by "ALL" the available properties so that you will get an idea of what is available. Comparison Shopping!

Usually you will not even consider 50% of the homes available and will probably select only 5 to 10% of the homes to look at the inside of. This is the start of it all. From here the search can go in many directions.

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