I specialize in the Medford, Malden, Melrose, Wakefield, Reading area AND as your Buyer Agent I will not charge you ANY direct fee for my services; I can explain this in detail at your request. I would start the process by walking you through the home buying process, establish criteria, give you direct access to my "Real Time" MLS web site, assist you in indentifying property and be YOUR advocate throughout the process.
Call me any time to discuss further; 617-755-8897
The best way to find an agent is probably through referrals, (90 % of my business, and most agents, is referral based). If you don't have a network to tap into, then you can always "interview" them either through their websties & e-mail, or at Open Houses, and lots of other ways. Here's what I would consider good interview questions:
1) How many buyers did you place in the last 3 years?
2) How long have you been practicing?
3) What is your focus area?
4) Why should I pick you?
You're looking for someone who has done at least 20 transactions before, and more is usually better. You probably want someone who's personality and style fits with your own. If your analytical, find someone who also is, etc, etc.
As for commissions, I'd like to point out that in the state of MA, from a LEGAL perspective, the various courts have determined that 'both the seller and the buyer share in paying the commission. That is because if the buyer doesn't bring the money, there is no commission, so they both contribute to a commission event equally. However, on the HUD statements (they are like invoices for housing transactions), it shows up 100% on the sellers side, so it is conventional to say that the seller pays all commissions. I know that's probably a little overly complicated, but there are cases where the distinction is important, even if it isn't widely understood. Personally, I'd like to see the HUDs altered to reflect the legal perspective, as I think it would raise the profile of buyer agency and protect consumers better, but I don't think that will happen in my lifetime.
Prepare a list of questions, and interview for competency and compatibility. You have an obligation to yourself to invest the time to understand the process and then choose a highly qualified Realtor willing to invest their time to help you. If you are not getting the service you want , fire the first one and move on, but DO NOT try to work with multiple Realtors in the same market area. Good Luck!
Any buyer requires qualified by a mortgage broker with lender approval letter attached with submitted sales offer contract. Never purchase a home direct from bank / seller / builder / listing agent unless you have your own buyers agent who represents you.
Seller pays all real estate agent commissions.
Hope that assists in all your questions
As you begin your search, you should focus on two things: speaking with a qualified local mortgage expert and gathering information. A buyer's representative can assist you both.
I'd be happy to send you my first time buyers presentation via email and a market update.
Are you interested?
Most importantly the Realtor needs to gain the trust of their customers.
From a Realtors perspective there is very little difference between a first time buyer and a seasoned real estate investor. By this I mean that the job of the Realtor is to perform for their client with undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability
For more details its best to discuss in person. I work for Coldwell Bakner in Lexington and I am certified buyers agent and Realtor in good standing.
The listing and buying commissions are built into the sale price of an MLS listing. If you purchase a For Sale By Owner property the buyer's agent fee can be built into that sales price as well. And clearly it should not cost you any more to use a buyer's agent, and it is likely to cost you less. I say this as an experienced Exclusive Buyer's Agent and our firm has represented over 2,000 home buyers since 1990.
The best way to find the right broker is to interview them personally and let them compete for your business. My agents and I represent buyers in the towns where you are looking http://www.bostonhomesnorthshore.com
If you like, we would be happy to meet with you personally to discuss your home buying wants and needs and to lay out a home buying strategy with you.
You may wish to check out our on-line home buying course at http://www.LearnAndEarnCash.com and/or look into a home buying course to attend.
This is a very good time for home buyers. Home prices are down, interest rates are low, and the government is offering first-time home buyers an $8,000 tax credit if they buy this year.
800 252-8937 or 800 25 BUYER
as a buyer a Realtor representation is free to you. As Lynn noted here the commission is paid by the seller at closing. I work with a lot of first time home buyers and guide them through every step of the way; If I can be of assistance you may contact me directly