Quote:
Originally Posted by MikeVillages
1. If it is a buyer market, your agent can put in the offer that the owner pay closing cost. Most likely it will include the money spent for his commission but is not called a commision. This is a legal way to get around MLS regulation that the buyer pays the buyers agent.
2. You may want a buyer agent because if not, the sales agent writes the agreement. The agreement most likey will not protect you should something goes wrong.
3. You can look at open houses without having a buyer agent. You can also ask a buyer agent to put a clause that you are allow to terminate the agreement. He may require that if he shows you a house and you terminate the agreement, he is still the agent for X number of months. Sounds fair to me.
Talk to a buyer agent. Ask the agent what s/he can do for you.
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Number 2 point; that is what my real estate lawyer does, except they are cheaper and give legally correct advice. And I am not locked into paying a buyer agent whether he/she shows me the house I buy or not for 6 months or so.
Also, because what stands up in court is the WRITTEN agreement, I make sure I understand every bit of it and write into the contract in my own words what I understand if it is ambiguous, and also write in anything I expect precisely - I write into my offer - because that is what it is - my offer - to be crystal clear to both myself and the seller.