I am constantly amazed that most people don’t know this. I inform people of this on a daily basis. Potential clients are always asking me how much it costs them to hire me. If you are buying or renting real estate, it is FREE to hire a REALTOR® to help you! That’s right, no cost whatsoever. The Seller or Landlord is the one who has to pay all agents their commissions. It really becomes a no brainer for you to be represented by a Licensed Real Estate Agent.
The next train of thought I come across is this- "why not hire the REALTOR® who is listing the property to represent you? Won’t that save on fees for the seller, and I can get a better deal"? Well, there’s a few reasons for not doing this.
- The Seller will still have to pay the same amount of fees
- The Listing Agent will DOUBLE their commissions- they just get the commissions that another Agent would have received, had you hired one yourself
- The Listing Agent was hired by the Seller to get them the highest price possible. A Buyer’s Agent is hired to try to get the lowest price possible. Who do you think the Listing Agent will work harder for?
- A Buyer’s Agent is watching out for your best interest, and no one else’s. They will make sure you are not getting taken advantage of, and that you are protected.
When you look at all the reasons, it really makes sense to hire an Agent to represent you. It’s free, you’re protected, the Agent understands the buying process and can guide you the entire time. If you’re still hesitant, feel free to give me a call and ask me questions. If you’re looking to purchase foreclosures, REOs, Short Sales, Commercial or Investment property of any kind, contact me and let’s find you the best deal possible.
