Choosing a Buyer's Broker

Select a Buyer's broker: Many people have negative impressions of salespeople and would just as soon do without one. They attempt to find a home by driving neighborhoods, calling off signs, visiting open houses, or through the internet. A buyer should be aware of the pitfalls of searching for a home without a buyer's broker.

There are a number of disadvantages of looking for a home without the assistance of a qualified broker. First off, you are limiting the number of homes to which you are exposed. You probably don't know all the neighborhoods which could fit your needs. The agent you talk to on the sign call or open house work for the seller and are obligated to get you to pay as much as possible for the home. And, there is no one to guide you through the process of searching for and buying a home..

The reasons to have a buyers broker: They work for you to get the best possible price and terms. They can expose you to all possible neighborhoods fitting your needs. Many of the best properties sell within a day or two. Looking alone, you will miss many of the best properties. They have resources for everything from inspectors to mortgage companies mat your disposal. Remember a good Buyer's broker can do these things. It is your responsibility to take the time to interview the agents!

Next: Frequently Asked Questions

• Real Estate Buying Process
• Choosing a Buyer's Broker
  • Frequently Asked Questions
• Mortgage Process & Closing Costs
  • Choosing a Lender
  • Types of Lenders
  • The Loan Process
  • Lender Recommendations
  • Buyer's Estimated Closing Costs
• Home Search & Negotiations
• Contract to Closing