Is Anyone Representing You During the Home Buyer Process?
Having the right representation is essential when you are trying to buy a home. For most prospective home buyers, the process becomes much easier with a great real estate agent on your side.
- Having the right representation is crucial, because your agent will be able to ask the questions you don’t even know to ask throughout the process.
To begin the process, your agent will be able to walk you through the details of who represents each party’s best interest, which is not as intuitive as you may think.
- In the Multiple Listing Service or MLS, there are two main types of representation: the buyer’s agent and the seller’s agent.
Here’s what may surprise you: the MLS offers compensation to the buyer’s agent from the seller and seller’s agent before a property showing. Because of this, there is no upfront cost involved with hiring an agent to help you buy a home, as there are buyer and seller agent fees that get paid to them out of the final purchase price at the time of the home closing/close of escrow.
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