Buyers agents will try to get you the best deal they can whether or not they both list and sell. When an agent is working for the buyer, they strive to get the lowest price they can for a buyer. It's kind of like a game to see just how good a deal you can get. I don't know of any agents that will try to get a buyer to pay more just to get a higher commission. When you break it down, it's only a matter of a few hundred dollars in commission per thousands of dollars in sales price. The challange to the agent is getting the lowest price and best deal possible.
847 530 8019
We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (630) 639-1081.
Sr. Loan Officer
Mobile Phone: (630) 639-1081
3130 Finley Rd. Suite 510C
Downers Grove, IL 60515
About the agent, I was looking to get some insight on agents who do not take any listings and work with only buyers as opposed to agents that both sell and buy. And since the agents commision is built into the price of the home, that even though a realtor is technically working for the buyer, their pay is higher based on the sale price.
Patrick has a very good point, it's not in your best interest to work directly with listing agents - find one agent you like and stick with them! You do not need to sign a contract with your buyer agent, but if that agent knows you are only working with them he/she will do a much better job. Make sure you are working with someone who has a good knowledge of today's market - knows the difference between foreclosures and short sales, and has sold at least few of them recently.
There is much in the area in your price range, Hoffman Estates could be another option to look at as well.
Yes, to both questions.
Find the best agent you can find and work with them exclusively. They will guide you through the home buying process.
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It is certainly possible to find homes, townhomes and condominiums in this range in Schaumburg and Bartlett. Take a look at my website where you can search by town, price, size of home etc. Patrick summarized the different types of agencies very concisely. The listing agent is obligated to the seller . A good buyers agent will always put your best interest first. You want thorough independent research. You want someone who is impartial as to which home you eventually decide to buy. Plus, it comes to you at no extra cost. If this is your first home you will need guidance with issues such as choosing a lender even before you begin looking at homes. I highly recommend working with your own buyers agent.
Prudential Starck, REALTORS
As far as using a buyers agent, you want an agent that is working in your best interest. Listing agents are working in the best interest of the seller. An agent that handles both ends is limited as to how they can advise you.