Buyers Agents: Free to the buyers and vital to the process!

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Finding an Agent
Once you know that you qualify for a mortgage, it’s time to start shopping. At first my husband and I searched on our own, reaching out to listing agents on properties we were interested in. But once we realized that a buyer’s agent is actually paid for by the seller when a home is sold, without any out-of-pocket expenses to the buyer, we got an agent immediately.

Not realizing that there is no out-of-pocket expense for a buyer’s agent is common, says Liz Murphy, an agent with Berkshire, Hathaway, Fox and Roach Realtors in Jenkintown, Pennsylvania. “Usually the conversation goes faster once the buyer realizes they don’t pay the buyer’s agent,” she says. “The home-buying process is so daunting, and then you’re thinking, ‘I have to pay this person too.’”

Real estate agents streamline the process by finding properties that may not be listed online and helping buyers navigate regulations and laws. When our buying process was interrupted by unexpected hiccups, including an issue with the home’s title, our agent explained to us exactly what was happening and advised us on what to do.

Emotional support is no small part of a buyer’s agent’s job, Murphy says. “You want someone who can work with you through the ups and downs, and carry you emotionally through the process.”

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