When you are thinking about buying your house, its always a good idea to hire your own Buyer’s Agent. This is different from the listing agent who put the house for sale and put the info on the house on the Multiple Listing Service (MLS). They represent the seller, and they do things for the benefit of the seller, not to you as the buyer.
Some home buyers may think they can take a shortcut to making an offer on a home by working with the home’s listing agent instead of hiring a buyer’s agent. But home buyers and sellers have different goals. Having the listing agent represent you as a buyer is an example of dual agency, which is illegal in some states and at the very least creates a conflict of interest. You want your own buyer’s agent who is 100% on your side.
When you buy your house in Massachusetts with OwnerFinance, we will act as your Buyer’s Agent and take care of you throughout the homebuying process from start till you get the keys to your new home. As your buyer’s agent, we’ll help you find listed homes that match your needs. We’ll qualify you for funding and tell you how much of a house you can buy. The funding of OwnerFinance is put up by regular people, not banks or finance companies. As such, the terms are more flexible. We are able to provide funding for people who have difficulty qualifying for regular bank financing. If you have credit problems, we can help clean up your credit report and improve your scores. If you have inconsistent income as with people who are self-employed, we can still work with you. If you have residency issues, don’t have citizenship or green card, we can still get qualified for our funding. We’ll show you houses that fit your criteria. We’ll also refer you to home inspectors who will do a thorough inspection on the house and tell you if there are any problems with the house that you need to be aware of. We will also refer you to a real estate attorney that can look over all the legal documents to protect your interests. We will help you weather the highs and lows of the homebuying process. Buying your house is a major financial transaction and it can get pretty emotional. If you’re feeling overwhelmed or exhausted, we’ll help you be calm and relaxed till you finally own your home. With OwnerFinance, you also have the option to buy your home in any state in the US. In this case, we will find a buyer’s agent for you that can work within our guidelines.
Who Pays the Buyer’s Agent?
A buyer’s agent is be paid by commission offered by a seller to procure a buyer for their home. So, in essence, most buyer agent fees are paid by the seller, NOT the buyer.
Most of the time, the real estate commission is split equally between the seller’s agent and the buyer’s agent. For example, if the total commission is 6 percent, the buyer’s agent fees would be half or 3 percent of the sales price.
So, the take-home message here is that the buyer’s agent commission is paid out of the transaction by the seller. You as the buyer don’t pay anything for utilizing the services of the buyer’s agent.
Shahclan Boston – OwnerFinance
Boston, MA -USA