Buyer Misconceptions Close Window
 
BUYER MISCONCEPTION #1:
There's no cost to the buyer for the services their real estate agent is providing, it’s 'free' because it's the SELLER who's paying all the agent(s) involved.
 


WRONG!

THE TRUTH:
On the contrary, this charge for the buyer-agent services is unquestionably BUILT-IN to the selling-price. That is, the selling-price has usually been set HIGHER to cover this particular charge. And, as a result, it's YOU—the BUYER—who ends-up paying it. And typically this charge is thousands-and-thousands of dollars.

That's right. It's one-hundred-percent INCORRECT to believe that ‘buyer representation services’ are free and cost nothing. It's in fact one of the BIGGEST ‘misconceptions’ in the home-buying transaction-process.

Though ON THE SURFACE it may appear that there is no cost to the buyer, the fact of the matter is the seller of a home listed on the MLS ('Multiple Listing Service') -- or alternatively the builder of a new-construction home -- typically pay the buyer’s agent (YOUR real estate agent) a commission of up to 3% of the sales price of the home being sold. A sum which is then factored into THEIR asking price. Which means that YOU're the one who'll ultimately be shelling-out the money to cover this charge!