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Yes! You CAN Use a Buyer Broker to Buy a For Sale By Owner Home in Canton MA

By Christine Smith

Real Estate Agent with Buyers Brokers Only LLC - www.BuyersBrokersOnly.com MA Broker Lic 148149

October 19, 2011 03:03 PM

Yes! You CAN Use a Buyer Broker to Buy a For Sale By Owner Home in Canton MA

Buyers will sometimes contact me to see if they can still use my services as a Canton MA Buyer Broker to help them buy a home that is For Sale By Owner. And the answer is Yes! You Can!

There are a few different options in this situation. The first is that many For Sale By Owner properties are actually listed in the MLS. They hire an "entry only" agency to list the property for sale in the MLS. More often than not, a commission is offered to a buyer agent who brings a buyer to the table.

Others who are selling their home as a For Sale By Owner are also quite willing to work with a buyer agent. They are still paying less in commission than they would if they had their property listed with a listing agent.

The best way to approach a For Sale By Owner is to have your buyer broker contact the Seller directly to find out if they are willing to work with a buyer agent.

Finally, if the Seller is not thrilled with the idea of of working with a buyer agent, the other two options are to either just put the buyer agent commission into the offer or to have the buyer pay the buyer agent directly. Neither one of those are my preferred way of handling a for sale by owner property since I do not like to have my commission to be part of the negotiations, nor is it customary to have my buyers pay my fee. However, they are both options that have worked out.

So Yes! You CAN use a Buyer Broker to Buy a For Sale by Owner Home in Canton MA!

Stay tuned for an upcoming blog post: Why Do I Need a Buyer Broker to Buy a for Sale By Owner Home in Canton MA.

If you are looking to buy a home in Canton MA, Milton MA or a surrounding Norfolk County community, there is no reason to do it alone. Contact your Canton MA Buyer Broker to have an experienced buyer agent and attorney with you every step of the way.

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Mark Geis

Coldwell Banker, Mulleady, Inc. Realtors - Eagle River, WI

Thanks for the informative lesson on this one.

Oct 19, 2011 03:04 PM

Debbie Gartner

The Flooring Girl - White Plains, NY

The Flooring Girl & Blog Stylist -Dynamo Marketers

Smart post, Christine. I bet many people don't realize this! Further, they don't realize how it important and beneficial it is.

Oct 19, 2011 03:09 PM

Karen Bernetti

Southington, CT

What a great post Christine. Buyers need to know they CAN and they SHOULD use a buyers' agent .... and one that's also an attorney - now that's what you call a bonus!

Oct 19, 2011 03:35 PM

Gail C. Harris

Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD

Reach the BEACH with Gail C. Harris (cell: 703.868

This is good stuff. If I see a home that might interest my client, I call the seller and see if they will let me preview the home. I ask them if they are willing to pay a commission should I find them a buyer. I've met no resistance yet. :0)

Oct 19, 2011 11:40 PM

Ginny Gorman

RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI

Homes for Sale in Southern RI and beyond

Christine, it is important for buyers to use someone who truly represents their interests...many have not and now regret it...you bring the skills as a buyer's agent to the Canton area for buyers to use

Oct 20, 2011 12:12 AM

Christine Smith

Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA

Exclusive Buyer Agent & Attorney, Canton, MA

Mark...thanks for the comment.

Debbie...some are just not sure how it works at all.

Thanks Karen! Just because the Seller chooses to go unrepresented does not mean the buyer has to.

Gail....most are happy to have the opportunity to show and sell their house.

Ginny...you are right. It is very important for buyers to have their own representation.

Oct 20, 2011 09:27 AM

Cathy Criado

Criado Realty - San Antonio, TX

Making Real Estate Profitable

Christine - It's a great way to either help your buyers or to possible get a listing. Either way its a win-win. Some people steer away from them but it just takes a little patience and understanding on both parts to make it work. I like the challenge, it makes me a better professional.

Oct 20, 2011 04:55 PM

Very true Cathy, although I do not list properties so for me it is all about helping my buyers find the right home.

Oct 20, 2011 11:34 PM

Charita Cadenhead

eXp Realty - Birmingham, AL

Serving Jefferson and Shelby Counties (Alabama)

You most definitely can and by ALL means should use a buyer's agent, particularly with a FSBO.

Oct 21, 2011 04:54 AM

Very true Charita & I hope to cover that in a separate post!

Oct 21, 2011 05:10 AM

Yes! You CAN Use a Buyer Broker to Buy a For Sale By Owner Home in Canton MA

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