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Home
Sellers PAY buyer's Realtor
fees!
IT'S
TRUE: For
any home that is offered for sale through
the MLS (the vehicle by which most public
sights obtain property offerings) the
seller has contractually agreed to pay
ALL Realtor fees to their listing
broker. This is most often a set
percentage of the selling price of the
home. Here is how it works: When
entering the property into the MLS
(Multiple Listing Service) the seller's
broker, in turn, agrees that a portion of
those contracted fees will be shared with
any broker representing the buyer in the
transaction, thereby sharing their
commission which is collected from the
seller at closing. If there is no
broker representing the buyer - the
listing broker retains the entire
amount.
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Common
misconception : Often buyers
believe that by choosing to go it
alone, without representation,
they are in a better position to
negotiate on price. It is often
believed that since they are not
utilizing the skills of a real
estate agent, they can easily
reduce the price of the home by
the amount that would have
otherwise gone to their real
estate broker.
This
is simply not the case. Realtor
fees are already contractually
agreed upon. Any price
negotiations would effectively be
an adjustment from the list price
of the home,
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TIPS ON USING THESE WEBSITES
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and a reduction to the seller's net
proceeds. In fact, entering negotiations
without buyer representation definitely
puts the buyer at a disadvantage right
from the start.Real estate agents have
access to industry data that proves not
only valuable, but crucial in negotiations
- when only the seller has access to this
information, the scales are tipped right
from the start. Remember
representation doesn't cost you, the
buyer, anything -
not
being represented can cost you more than
you realize.
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Getting
to know me is pretty easy. Once you
do, it will be clear that real estate is
my career, I do not consider it a pastime
or hobby.
I
have developed the Texas Team Realty and
affiliated sites to simplify your real
estate search. The more time and money
I save you, the more you have for your
family, yourself, recreation and
enjoyment.
Give
me a call . . . or Send an email.
Kris
Hemler@TexasTeamRealty.com
either
way - put me to work for
you.
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