Buyer brokers cost you $0 !

I  advertise heavily on line. One of the most often asked questions is "Do I need a buyer broker?" "Do I need my own broker or can I use the seller's broker?"
 
Here's the answer:  YES!!

1. It's free. "Are you kidding? Free?? " you ask. "Yes, a buyer broker is free! " "I don't believe it!"

Here's the scoop. The seller pays about 6% of the sales price to sell his house. (We'll use 6% for the example) In the agreement, 3% goes to the LISTING broker's office and 3% goes the the SELLING broker's office. Your buyer broker IS the selling broker and that's how they get paid. The seller pays both brokers. What a deal! YOU get all the advice and guidance for free.



Broker's get you comparable sales. They complete all of the paperwork for the offer. They negotiate. They coordinate with your home inspector(s) and sit through the grueling 3 hr inspection for/with you. They let your banks appraiser in. They do more paperwork as needed. They are the liasion between you and the seller. They follow up to be sure you are staying within the time frame of the contract.



2. You know you don't listen to your mother, so you need a buyer broker to listen to. Seriously- You listen to your best friend to decide if your boyfriend is a dork. You listen to the hairdresser to decide what style looks best. You listen to your uncle Charlie to see what kind of car to buy. You need to listen to a Realtor to help you choose a home.



3. You will hear tons of words that sound a little like Charlie Brown's teacher in the process. A buyer's broker can translate! You will need to know about certain parts of town (is there a bus service? how far is the beach?). You will need to know about the local weirdisms- Chinese drywall? What kind of title are they giving me? They have a Real Estate tax deduction for what??



You're making one of the biggest purchases that you'll ever make. You need a professional broker to guide you through the process.



Call me for assistance when you are ready to buy. Have your buyer package ready to bring with you (complete bank statement if you are a cash buyer, mortgage preapproval if you are obtaining a loan). A camera is a good idea, it gets confusing by the end of the day. Be ready to make an offer on 'showing day'. 'We are in a here today, gone tomorrow' market.