#ReverseMortgage Insights #mortgage #homeloan #seniors #homebuyers

— Massachusetts Buyer’s Agents serving home buyers in Massachusetts. Buyer brokers real estate agents dedicated to homebuyers and first time homebuyers buying condominiums, townhomes, homes and real estate in Massachusetts cities and towns using buyer's brokers and buyers agents.

Reverse Mortgage Insights

A June dip follows a spike last May and still accounted for the second highest endorsement tally in over a year. Total endorsements for home equity conversion mortgages declined by 16.4% during June, according to the newly published HECM Originators report from Reverse Market Insight (RMI). During June, wholesale endorsements recorded a 25.5% drop while …

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HOMEBUYERS BEWARE! Book Review

This book is an excellent first step in a complicated process.

BEWARE the cards are stacked against you! Get Tom Wemett's book, learn why are different from other

Buying a home is like buying a car, on steroids. It’s the biggest investment you are likely to make so the stakes are incredibly high. I knew that having an agent represent me was a good idea.

What I hadn’t grasped was how important it is to find one who is not connected with the selling side in any way—through an agency that also represents sellers, as most do, at least in Mass. In researching buyer agents, I found Tom through the Mass. Assoc. of Buyer Agents (MABA).

Read Full Review Here

Marny

Who Pays the Home Buyer's Agent?

Both seller's agent fees and buyer agent's fees are part of a typical real estate transaction and are included in the final negotiated purchase price of the property. There should be no additional fees to the buyer for a buyer's agent above and beyond the negotiated purchase price of a home unless specifically agreed in writing between the buyer and agent before an offer is made.

In most cases, the seller's agent pays the buyer's agent for bringing the buyer, negotiating the purchase price and terms, writing a legally correct offer, coordinating inspections, responses, and financing plus handling numerous additional details on the buyer's side of the transaction.

Buyers should avoid contacting seller's agents and sellers directly unless they are comfortable negotiating and representing themselves. That is why it is important for buyers to choose their agents BEFORE they begin looking at homes or as soon as possible if they have begun looking.

Did you know that fewer than one percent of the agents and brokers in Massachusetts have committed to being 100% loyal to their buyers 100% of the time?

To learn more about the pros and cons of various types of buyer agents, or to get a list of experienced local 100% loyal buyer's agents to interview without obligation, click the button below.