Buyer's Agent Agreement or Not?

[Paulette Midgette]

Hi There,

I am from Philadelphia, PA and will be visiting Myrtle Beach next month with the goal of purchasing my first STR ever. The local agent has sent me an agency document and I am wondering if it is worth signing on to the buyer's agent relationship or to simply remain a customer. In Philly, I know full well want to expect as a customer vs having a buyer's agent agreement. Basically here there are no significant differences. What is the advantage/disadvantage in MB. I understand that SC is a lawyer closing state. What does this mean with respect to closing and closing cost? PA is a title company state and I use them to order title insurance, estimate closing costs, hold escrow funds, etc. Will a lawyer perform these types of duties? Is the lawyer paid separately or is the fee wrapped into the closing costs?

I appreciate all the education I can get here.

P.