| How Much Does It Cost to Use a Buyer Agent? Since a buyer agent fee is usually built in to the purchase price of a home and disbursed at closing, like any other real estate fee, there is generally no additional cost to use a Buyer´s Agent. As a matter of fact, if two real estate agents are involved in your sale (co-broke) and you do not request that the agent showing you the home represents you, you miss out on a valuable opportunity. You can gain the advice and counsel of the agent who would otherwise have to put the sellers interest first, simply by choosing to work a Buyer´s Agent. Studies show that professional Buyer Agents save buyers money in terms of time and negotiating power. In addition, their up front, intensive research helps to eliminate costly mistakes. Many also arrange discounts on inspections and other real estate services for their clients. A Buyer Agent has an obligation to show you the entire inventory including the MLS, for sale by owners, bank owned properties, auctions and new construction. Professional buyer agents have created a referral network of other real estate related experts who support buyer representation. They include attorneys, mortgage consultants, appraisers, engineers, architects, contractors, and home inspectors. The job of a buyer agent is not to "sell" but to serve the buyer with representation services. A buyer agent helps consumers make informed decisions. |