No matter if you have previously purchased real estate or it’s the first time, managing a real estate transaction is complicated. Having the proper representation in buying a home is just as important as having the right accountant, attorney or doctor. A home purchase can be one of the most expensive investments you will make and having someone on your side is critical to your success.
It’s also important to note that not all buyer’s agents are created equal. Some will do the bare minimum. The Broward Natives Team has designed a specialized program to support and serve their buyers and it’s loaded with benefits and perks.
What's the difference between a Buyer's Agent and a Listing/Seller's Agent?
A Listing/Seller’s Agent: Works on behalf of the seller. It’s the Listing Agent’s responsibility to bring a strategy and marketing plan to get the best price and terms for the seller. Ninety percent of sellers use a listing agent to sell their home. When a buyer uses a listing agent, they lose representation as a buyer on that home. Some buyers believe they can save money by using the listing agent due to savings in commission. However, the seller and seller’s agent usually benefit, not the buyer.
A Buyer/Selling Agent:
Works on behalf of the buyer. It’s the agent’s responsibility to look out for the buyer’s best interest. A Buyer’s Agent brings a deep knowledge of the local market which helps buyers make informed decisions. They assist in locating the home, negotiating the price and terms, and ensuring the transaction is executed among many other important details. If you were to combine all the small details a buyer’s agent does, it would literally be hundreds of tasks.
Are there are any fees to become a VIP Buyer?
No, our services are free and there are no upfront fees. Our fees are paid by the seller via commission which are already defined in the purchase price when placed on the market. Although our services are free to you, we work hard knowing we do not get paid until we close. Loyalty is all we request but we know this will only come with trust. We work hard to earn this in a very short amount of time. You will always have the freedom to use another agent if we do not perform.
Can I get a better deal working with the Listing/Seller's Agent?
Not usually and not without risk. Buyers who think this way feel they can get the buyers commission lowered and given to the buyer in a lower purchase price. In most cases, this scenario is already prearranged with the seller in that the left over commission gets split between the seller and the listing agent. The listing agent will still have to do work for the buyer and rightfully so, should be compensated. The seller’s agent is representing the seller so when it comes to negotiating the price, terms, contingencies, repairs, and ensuring the contract is protecting both the seller and buyer can be a conflict. When they have to pick a side, the seller will prevail.
If you would like to understand more about our VIP Buyer Program, call now or submit the form below and also get our guide on“How to Save Thousands of Dollars When You Buy a Home”.