How Agencies Work
When a selling agent lists a home and puts a sign on the property, the sellers pay him/her a certain % of the homes value when it sells. This is usually 6%. The selling agent then puts the property on the market and splits his commission with any agent who brings a buyer or buying agent.
You should understand that if you work with the agent selling the home, he/she will represent both you and the sellers who are paying their commission. In essence, you are giving up your right to representation, and the selling agent will receive the full 6% commission at close.
While most agents like to list homes, I’d rather represent buyers. That’s the main reason I started Quackenbush Realty.
I like shopping the market and finding just what my clients are looking for. I also like negotiating with selling agents and working to get the best deal for my clients.
I’m a buying agent, I know the Provo market and the right questions to ask. I don’t ask my clients to sign buyers agency agreements with me like other agents.
I hope you’ll be so pleased with the service I provide that you won’t want to go anywhere else. I love talking about Provo investing, so give me a call anytime.