As a buyer, you don’t pay your agent, the seller does. Instead, the agent receives an agreed-upon portion of the listing agent’s sales commission (usually about half), which is paid by the seller.
But, doesn’t that make my buyer’s agent want me to pay a higher price? Consider this:
The increase in a buyer’s agent commission on, say, a $5,000 to $10,000 jump in price would be only $125 to $250. Good buyer’s agents, those who are productive and engaged in the business full time aren’t going to risk their reputations, or your satisfaction. Your satisfaction can generate referrals to your friends and family, and this is the lifeblood of my career.
John Garret will work only for you in this transaction. His past clients will attest to his loyalty and to the fact he can save you time and make sure you pay the right price for the property.