Attention home buyers if you are thinking of buying a house , work with a buyer agent who will have work for you and help you thoughtout the home buying pocess. Before signing the agency contract read it carefully and consult an attorney if you have questions. The agency laws for real estate vary by state and different agents may require different things. The fees paid and term of contract ar negotiable.
Read the fine print very carefully. Some contracts may have some clauses that you may not like .
Q. Who pays the buyer's agent ?
ANSWER : It will depend on your contract with the agent. . If you employ me as your Buyer's agent, you do not have to pay me any thing. I will accept the fees offered by the seller's agent as mentioned in the multiple listing unless you buy a sale by owner that is not listed in mls. Then the fee is negotiable before I show you the house.. When a seller lists with an agent , the seller offers a certain amount to the listing agent and the agent signs a contract with the seller as to how the agent will split the fees with another agent who procures the buyer. This amount is mentioned in the mls . The amount is paid to buyer's agent at settlement. If you do not buy a house I do not get paid for my time and expenses. When you sign a buyer's agency contract with an agent , you should read it carefully. Some agents may mention that if the seller does not pay a certain amount, you may have to pay the difference. The term of contract and fees are negotiable. If you need legal advice before signing the contract, talk to an attorney. Please note that laws vary by state.
I am an accredited buyer representative and hold ABR designation.
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.