Buying Real Estate in MA
Whether it’s your first time buying real estate in MA or your fifth buying residential property can be daunting! In order to make the best decision possible it’s important to research the market and consider all your options. Navigating the real estate world without help is very difficult. You need someone you can trust who can be your advocate and answer your questions. Below are some links that will help make your search easier. If you have any questions about a property or the area in general, please reach out to me.
What is a Buyer’s Agent?
A buyer’s agent is someone who represents a buyer’s interests when buying real estate in MA. A buyer is considered a “client” of the real estate agent. Not a customer. They become a fiduciary to the buyer in all aspects of the transaction with their loyalty being to their client.
How Do Buyer’s Agents Get Paid?
Typically the real estate commission is split equally between the seller’s agent and the buyer’s agent. That commission is typically paid by the seller. For example; if the total commission is 6 percent, the buyer’s agent fees would be half or 3 percent of the sales price.
In some rare circumstances, it is possible that a buyer would pay a buyer’s agent’s fee or part of it but this would have to be negotiated up front.
Questions about buyer agents?
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“We’ve partnered with Randy for three real estate transactions in the past several years-both buying real estate in MA and selling. We couldn’t be happier. He is 100% dedicated to ensuring all of our needs are met. He’s proactive, level headed, and is a consummate professional and advocate for his clients.