The purchase of a home is, in the majority of cases, the single most expensive and complicated transaction a person will ever experience. On top of that, people typically only have the experience one, two, or three times during a lifetime, so they never get accustomed to the process. Also, requirements for a real estate […]
After five years of sizzling growth, U.S. home price appreciation is showing signs of cooling.
Buy when times are hard. Buy when blood is running in the streets. Buy after a flood, blizzard, riot. During such times, insurance firms and banks have properties they don’t want. Owners are also desperate, as they suffer the anxieties of having to feed a white elephant.
Some people are just plain lousy at saving money.
When someone decides it is time to sell their home, they interview several Realtors from different companies to determine which one is best for them. They want someone who will represent them and someone they feel will do an effective job at marketing their home.
Consumer advocates strongly recommend that buyers hire their own agents. They further argue that a coop-fee has already been built-in to the purchase price, and therefore, there is no need for the buyer or seller to incur additional fees when the cooperating agent represents the buyer.
An exclusive buyer agent, or buyer broker, represents the home buyer and negotiates with the seller and the seller’s agent to obtain the best price and terms for the buyer.