About Buyers Agents – Are They Overpaid? 

Another interesting article recently is challenging the “traditional” 3% Buyers Agent commissions as being way overpriced. The assumption is that a Buyers Agent does little other than show you a property and pick up a big check. That is quite an assumption!

The truth is that for most people a Real Estate transaction is something they do maybe 3 or 4 times over a lifetime. The potential to make a mistake is pretty large and can be more costly than a commission. A good agent becomes a guide to help avoid pitfalls.

Agents for Church Street Realty pride themselves in helping “Navigating through the dark” to help move you into your home.

Here is a list of the most recognizable activities that Church Street Realty provide for Buyers:

• Initial consultation includes

1. Market valuation
2. Area selection and pricing and size parameters
3. Area amenities

• Showing Services

4. MLS search created
5. Arrange properties visits and schedule times
6. Drive to sites, arrange secure building access
7. Report site observations
8. Provide feedback for Sellers
9. Provide evaluation from selected property visits
10. Assembling relevant documents (including but not limited to tax records; parcel ID; parcel mapping; surveys; floodplain consideration)

• Under Contract Services

11. Arrange Due Diligence and Escrow funds security
12. Advise on inspectors and inspection reports
13. Work with selected lender to provide needed documents
14. Manage closing process timeline and dates including utility turn-on
15. Finalize “Good to Close” process

• Closing Services

16. Provide closing attorney required documents and buyer information
17. Accompany Buyer to closing
18. If necessary, arrange for remote documentation if Buyer does not attend
19. If necessary arrange for document distribution

In your consideration of engaging a Realtor please evaluate these tasks. 

Dennis Marsoun