What Buyers should know
Realtors use the MLXchange site, which is different from the MLS system in that only licensed realtors have access to. Properties come up on 'MLXchange' a few days before they hit the public market. The Agent can set up an automatic searches that will email my clients as soon as the property comes up on this system. This way, my clients are ahead of the rest who are not using an agent.
- - Agents are experienced negotiators who can handle your offers and counter-offers.
- - An agent is familiar with the neighbourhood and can give you information on local real estate values, taxes, utility costs, services and amenities.
- - An agent is familiar with the entire home purchasing process and can advise you of your legal and financial options as well as recommend appraisal, home inspection and contracting services.
- - An agent can pinpoint homes that fit your needs and dismiss those that do not, saving you time.
Depending on the agency relationship - which can be explained to you in detail, the buyer's realtor is paid a sales commission by the SELLER upon completion of the sale. This has already been pre-arranged with the Seller's agent during the listing contract.
All this to say that the buyer does not have to pay his realtor for his services - so what do you have to loose by not using a buyer's agent?