How Having a Real Estate Agent Represent You When You Are the Buyer Will Make You MONEY!

I'm sure that headline grabbed your attention, I wanted it to; because it's TRUE.

I know, you're probably thinking...How can using a Real Estate Agent to represent me during probably the single, largest purchase of my life actually make me money?

It's a good question. And one I'm going to answer below for you.

First and foremost, one of the most common misconceptions of real estate transactions is that the buyer has to pay for their agent's commission up front. That is false. The seller (and ultimately sale of the home) pays all of the agencies costs. The commission is then split from the sale of the home with the seller's agent and the buyer's agent. So you just got someone to represent you, for free, and likely save you thousands of dollars from initial offer to closing the deal. (**disclaimer, 97% of the time this is true; there are a very few instances where the buyer would pay their agent's commission independently, but like everything, there are always exceptions to every rule).

Next up on the list, negotiating. Having the ability to negotiate really, really well, is an art. A true, seasoned agent will be a master negotiator and will have zero fear about making sure that your offer is argued appropriately. This could save you tens of thousands of dollars, essentially putting money in your pocket; or at the very least, keep it from leaving your bank account. An agent that specializes in the area where you are looking will be a price whiz. Easily they will be able to advise you on whether a home is overpriced or under priced and how to present an acceptable offer.

Coming up third, but no small accomplishment, the mounds of paperwork that you won't have to trade your Netflix and chill for on any given night. Your agent will be able to explain all of the paperwork and have the ability to complete them with ease and save you from Googling "...the requirements of Title V" and "...how do I get my deposit back if I choose to back out of this deal".

Making it's way to home base, the money! A good agent will already have contacts with several lenders that will be a good fit for your financial situation. Whether you are purchasing your first starter home or you are finally getting the home of your dreams, local lenders will provide a great service and protect your interest, and your agent will have a whole slew of them for you. Once your lending is secured and your mortgage commitment is in place, the next item will be your closing costs, title insurance, pro-rations, etc. Your agent will be able to tell you what to look for, an estimate of how much will need to be "brought to the table" and any fees that you a responsible for before you pass papers.

Saving Money, not having to spend money, being prepared; these are all savings. And savings equate to money in your pocket. Cha-Ching!

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