Tom Blakeman

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Buyer Agency - Cost

Q:  What is the cost of a Buyer's Agent? Do I pay a commission?
A:  In Houston, Texas, buyer representation is usually paid for by the seller of the property. The seller pays the listing agent a commission and the listing agent pays the Buyer's Agent.  You don't pay!

Q:  Do I save anything by using a Buyer's Agent?
A:  This will depend upon many factors specific to you and your home purchase. However, it is generally believed in the industry that home purchasers represented by a Buyer's Agent may save as much as 2% to 8% of the purchase price when compared to purchasers not represented. Many large employers now require their employees to utilize a Buyer's Agent when relocating.

Q:  Are there any other fees? What about closing costs?
A:  You will still pay normal and customary closing costs associated with any real estate purchase. In addition, Blakeman Properties charges the buyer a $295.00 processing fee.

Q:  What if we just want to see some homes to figure out if we want to move to Houston or not?
A:  Area tours are often a good idea to help define areas of interest and find out what is available. However, with no assured intent to buy there is a problem with compensation for the Buyer's Agent. Therefore we bill our hourly rate ($125/hr) on a pay-as-you-go basis for tours. If you do end up buying you will be credited the amount at closing.

 

Learn more about the Buyer's Agent concept.

Learn more about Representation.

Learn how to Save Money buying a home.

Call 281-870-1280 or E-mail to be represented.