Frequently Asked Questions
- Q. "How can a Buyer Broker / Buyers Agent save money for me?"
A. There are a number of ways your Buyer Broker / Buyers Agent can help you save money on your
next home. The most significant savings are usually: 1) negotiating a lower price,
2) negotiating for repairs on the house, and 3) shopping for the best mortgage
loan.
- Q. "How much can a Buyer Broker / Buyers Agent save for me?"
A. There is no simple answer to this question because every transaction is unique.
However, during 1998, our clients saved an average of more than $8,000 on their
home purchases. For some specific examples of savings, see our Testimonials.
- Q. "What homes can a Buyer Broker / Buyers Agent show me?"
A. Your Buyer Broker / Buyers Agent can show and help you purchase most properties for sale in
the Albuquerque Metropolitan area, including the MLS (Multiple Listing Service),
For-Sale-By-Owner (FSBO), and new construction.
- Q. "Can't I hire a Buyer's Broker/ Buyer's Agent at a traditional real estate firm?"
A. You can. However, you may encounter agents who call themselves buyer agents
when in fact their firms specialize in representing sellers. In New Mexico you
may find agents labeled as "dual agent", "designated agent",
"subagent", or "exclusive non-agent". Brokers who work under
such labels do so because they have conflicting loyalties and may not fully represent
the buyer's interest in a home sale.
- Q. "How is a Buyer Broker/ Buyers Agent paid?"
A. Our fees and the way we are paid is similar to those charged by traditional
real estate firms. Your Buyer Broker's fee is usually included in the purchase
price and is paid at closing like any other real estate transaction. So, in most
cases, "you can hire a Buyer Broker at no additional cost!"
- Q. "What Title Company do you use?"
A. Rio Grande Title Company (www.rtgc.com)
- Q. "How can I figure out what my payments would be?"
Use this mortgage
calculator: just fill in the upper figures and it will figure the number
of payments and then when you hit "Calculate", figure your payments
and interest.
- Q. "Where can we get information on properties outside your area?"
A. Try REALS - A Comprehensive
Real Estate Directory but bookmark our site before leaving, we cover a
wide area in New Mexico.
