70 Ways For Home Buyers To Save Money When Buying A Home Tip

rssfeeds@vasrue.com — Sun, 22 Oct 2006 15:44:03 PDT

One common mistake many home buyers make is that they call the listing agent for information on a house they like. The agent listing the house, (the person who put the sign in the yard) works for the sellers only. She does not work for you and you do not want her to work for you. She will blab everything you tell her to the sellers including how much you would pay for the house. In fact that is her job. If you call a listing agent and tell her anything, she is required to tell the sellers. If she does not, and they find out, they can sue her and her company for a ton of money. If that happens she will probably lose and lose her job and license as well. Get your own agent: A Buyers agent that will be faithful to you. And it is a good idea to have an agent on your side that is from a different company than the listing agent. You want your agent to fight on your behalf, not be buddies with the listing agent. The listing agent might even tell you that it makes no difference and that you do not need another agent. Do not believe it for a second. If you do not use your own agent, the listing agent gets to keep the entire commission paid by the sellers. If you use your own agent, the listing agent has to share the commission with your agent. And if you use your own real estate agent he might share the commission with you. The listing agent almost never shares the commission with the buyers.

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70 Ways For Home Buyers To Save Money When Buying A Home Tip