Has to sign but not pay a penny until the successful transaction takes place! You do have to agree on the amount, that is typically a percentage or a flat fee that is totally negotiable. If you dont close you dont pay. Hopefully this makes sense. And if you find out you dont like the agent after you sign up, you can ask for cancellation.
No. You can sign a buyer agreement for any period of time less than 90 days. It can also be for a specific house or houses. You do not need to pay a Brokers fee prior to the close of escrow. There is also a box to check to have the seller pay the fee.
Hi Linda, Buyer will sign the Exclusive Buyer Broker Representation Agreement before the showings, correct. The rest of the details are in the agreement and can be negotiated.
Hi Linda,
Please email me at [email protected] and I will reply with a very insightful, one page consumer guide to buyer broker agreements put out by the National Association of REALTORS. Of course, I am always happy to chat with you on the phone so I can answer any of your questions. I can be reached at 858-997-3704.
Hi Linda - You will be asked to sign an agreement prior to showing a home, BUT the details are negotiable, so is the fee. That fee is a negotiated rate between you and your agent that is typically NOT due until you close on home. Most good agents can negotiate that the seller contribute to all or a portion of that fee at closing. Best of luck to you!
Most buyers usually budget for items like finance fees and inspections, but most are surprised by the hidden costs of buying a home that can add up to thousands. The hidden expenses don't end on closing day but continue on with each year.
For example, in Hawaii, hidden costs of homeownership add up $29,015 annually, while those in West Virginia