Many home buyers mistakenly think that they are protected by using a “Buyer’s Agent” or a mortgage broker who will “find them the best mortgage.” When I ask them who is paying the buyer’s agent, they respond with “They just get a percentage of the sales prices.”
Okay, and how is this different from a seller’s agent?
You can put sheep’s clothing over a wolf, but it’s still a wolf. The higher the selling price of the house or property, the higher the commissions earned by the seller’s and buyer’s agents.
Another common mistake home buyers make is thinking the price in writing is set in stone. The pen is mightier than the sword, and sellers use it to their advantage when selling a house. But you can bypass this common buyer’s mistake by adopting a counterintuitive method of thinking.