Why Bring a Buyers Agent to a New Home Purchase? It is Money in Your Pocket!
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Greg Swann over at the Bloodhound Blog has one of the best posts I have read in a long time on practical real estate advice. If you are looking to purchase a spec home from a new home builder, he advices bringing a buyers agent to the table. What is cool is that the buyers agent has to do next to nothing to help you save money on the new home purchase.
Here is a teaser but read the whole post. It is outstanding!
Two reasons: First, the builder is only going to pay that money to the agent. If you come unrepresented, the “buyer’s agent’s commission” stays in the builder’s pocket. Second, if you bring your agent, you can negotiate in advance how much of that “buyer’s agent’s commission” will be conceded to you.
Do you see? The builder is going to pay “your” agent as much as 4%, 6%, 8%, even 10%. How much will your agent have earned for the actual work performed? Not very much. You can share in that largesse — for down payment, closing costs or in the form of a price reduction — if you are willing to assert yourself.


Comment by Jesse on 27 August 2008:
YES! YES! YES!