Buyer's Agent Compensation 101:

What does it cost, and how do you help me? 

     One of the most confusing aspects of purchasing a home is the compensation agreement between your agent,  yourself, the seller's agent, and the seller.

     Here's how it works.  The seller enters into an agreement with his agent when he/she is ready to put the property on the market.  The seller usually agrees to pay around 5-7% of the sales price of the home from the proceeds of the sale.  The seller's agent then advertises this property to the rest of the licensed real estate community  with a 3% incentive if they bring a buyer.

     If the listing agent is able to procure a buyer by him/herself, then they keep the 5-7% commission.  However, more than 90% of properties are not sold solely by the listing agent, so they expect to pay out the 3% to a buyer's agent.  That is where we come in. 

     If you choose us to represent you in your home purchase, we will help you locate a home.  Once you find one you like and are ready to present an offer on that property, we will help you come up with an appropriate offer price.  The appropriate price can be determined by similar homes that have recently sold in that neighborhood.  We get a price per square foot average, and apply that average to the home you are interested in buying.  We then make adjustments for amenities that differ from the other comparable homes.   We also structure the contract so that repairs will be made for items that come up in the inspection that we order for you.  By negotiating sales price and repairs on your behalf, we typically save our clients $6000 over what they would be getting from the seller if they tried to negotiate on their own. 

The Best Part: