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Step5 Learn to Work with a Real Estate Agent |
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Written by Tamara Schmitt
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Thursday, 24 November 2005 |
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Real estate agents represent buyers, sellers, or both--and in some states they can work as neutral facilitators for either party. It's essential to understand agent duties and loyalties before you make that first phone call. When a offer is made o a home, the Realtor is bound to present this to the buyer.
If you are not using a buyer’s agent yet, contact the seller’s agent directly and ask if they will do the deal for the same 3% commission that they would have made if you used a buyer’s agent. (Remember, they split the 6% commission with the buyer's agent). This saves the seller 3% of the house and may even get you a lower selling price as well. It’s a win-win deal for everyone.
Don't offer your top price first. Leave room for negotiation and include any provisions in your written offer. |
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Last Updated ( Wednesday, 23 August 2006 )
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