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Why
a Buyer Needs Representation
Brokers are paid in the
form of a commission. The seller writes the check.
Most often, when you buy houses, you can't avoid this cost.
Here's
why . . .
You've
probably noticed that every house on the market has a seller's
agent. These
agents are brokers hired by the seller to sell the house.
When a
sale contract is signed, the agent is paid a commission for
representing the seller. <There
is a brokerage commission in every deal.
If
the buyer is represented by their own broker, though, the commission is
paid to the buyer's broker. (The seller's agent receives a
small
override.) This odd practice actually works to your benefit,
since it
allows you, the buyer, to determine whether the broker who is paid the
commission represents the seller or represents you.
You incur no out-of-pocket cost for the services you receive from your
listing broker.
This is why all buyers who understand the real estate business are
represented by
their own brokers. It costs them nothing for the expertise
and
negotiating savvy provided by a professional who is accountable solely
to them.
Sophisticated buyers guarantee accountability by
giving one broker the exclusive right to represent them.
Briefly,
there are three basic reasons to do this:
1. The exclusive
broker can be objective in advising the buyer, since compensation is
not dependent on making the deal at any particular building.
2.
It signals the sellers that the buyer is professionally represented,
and that they will have to compete with other sellers for the buyer's
business.
3. It protects the buyer from legal
entanglements that inevitably arise when multiple brokers are involved,
and from the annoyance of constant solicitations.
Non-exclusive
brokers, both legally and practically, are sub-agents of the
seller. The negotiating leverage, expertise and objectivity
that
you need in your relocation program can only be provided by an
exclusive broker, who is accountable
solely to you.
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When you contact Indus
Realty for your
Real Estate needs you get excellent customer service. We
listen
to your needs and wants and work with you to fulfill your goals.
Maixinizing your financial return is our top priority. We will educate
you, guide you and be a companion to you in your real estate
transaction process which can be frustrating at times.
If your interest is to
invest in the
fast growing Central Texas market, you came to the right place. We have
experince being in Austin and learning how Austin is developing into a
vibrant town and expanding at its seams. If you invest in Austin and
surrounding areas, you will never have to worry about what you would
do for your retirement. Investing in commerical properties
can be
a constant source of income and keeps you mind at ease during the
retirement years. To achieve that you have to prudently
invest
now. Give us a call, we are here to help you navigate.
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