Starting Your Home Search
You've got your preapproval letter in hand and have secured a great realtor with a buyer's broker agreement. Congratulations! Now comes one of the most exciting parts of the homebuying journey—starting your home search. This stage is all about exploring different options and finding that perfect place to call home.
Buyers Can Finally Negotiate What Their Agent Will Be Paid - And It’s Good For Everyone
For years, working with a buyer's agent often resembled a handshake agreement. It was based on trust, hoping it would lead to a successful transaction. However, this approach had its shortcomings. Buyers had limited insight into how their agent got paid, which could raise concerns.
Enter Buyer Agency Agreements, a significant shift reshaping real estate transactions. They offer clear advantages to both buyers and agents, increasing commitment and transparency. Buyer Agency Agreements now clearly state the terms of the agent's compensation, bringing more clarity to the process.