Consult With Your Realtor® / Arrange Your Financing
Consult with Your Realtor
The home buying process can be confusing. Our goal is to educate you on the steps involved in a home purchase. We make the commitment to work as your advocate throughout the entire buying cycle.
The Seller Pays the Real Estate Commission
Let’s start with understanding real estate commissions. The commission paid to the buyer’s agent is almost always determined by the MLS and is paid by the seller to the seller’s agent (through his/her real estate company) and then distributed to the buyer’s agent (through his/her real estate company.) Whether or not you elect to have buyer representation, this commission has already been determined contractually and is still due to the seller’s agent/company. Most often, taking a buyers agent out of the equation will save neither the buyer or the seller any money, and it also results in under-representation (or a total lack of representation altogether) for the buyer.
The National Association of REALTORS® has shown that when a Buyer’s Representative was used, the prospective Buyer found a home an average of one month faster and gained information and access to a minimum of eight more properties than those consumers who did not use a Buyer’s Representative.