| Buyer's Agent
Why use a buyer's agent?
Do you even know the difference between a selling agent, a buyer's agent and a listing agent?
When a seller wants to sell their Ruidoso real estate, home or property they enlist the help of a listing agent to help sell their home. A seller can sell it themselves which is called a FSBO (for sale by owner) but this is not the best way to go in this market. In a seller's market, where there are a lot of buyers and very little inventory, selling a home yourself can be a great idea. But in tough markets where the buyer is in charge and there is an over abundence of homes on the market, you can't afford to not have an specialist working hard on your side to sell your home.
The broker that lists a home for sale is called the listing agents. This specialist works soley for the seller and their best interest. They can also sell the home to a buyer that is not working with another brokerage. When a listing agent also becomes an agent for the buyer that person is called a dual agent. This is not always the best route to go as the agent can feel conflicted into whose best interest to really take to heart. Many times it is who found the expert first in which case, the agent feels more connection to the seller than the buyer and mearly faciliates the transaction for them. Start your buying process smart with my Tyler Texas real estate partner and her message to real estate buyers.
This is why it is so important to enlist the help of a buyer's agent when looking for a home. The agent that works soley for the buyer is called a buyer's agent and will take that buyer's needs and interest as their own while in contract with that buyer. The agent gets paid half the commission from the seller of whatever house the buyer chooses so it is completely free of charge to the buyer. Learn more about buying in this market.
The seller pays a commission from the sale of the home to the agent listing the house and that fee is usually split between the buyer's rep and the listing agent. So you can see if the listing agent also finds the buyer, the entire commission can go to one agent. For more info on how prepared you can be to buy a home, see my Abilene Texas real estate expert and their article on pre-approval.
When you are ready to go shopping for a home be sure to contact me for any Ruidoso real estate. Even though I can list homes I also sell homes to buyer and I would love to be your buyer's agent on your new Ruidoso real estate or property.
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