Do You Have a Personal Real Estate Agent?
If you’re planning on buying a home, you may have already done some shopping around on your own. Perhaps you’ve searched the Internet, checked out a few open houses or called the number on a For Sale sign to schedule a private viewing of that property.
Yes, you can do all of that on your own, if you have the time and expertise. However, statistics prove that you’ll be more successful in finding your dream home at the right price with your own personal real estate agent.
ADVANTAGES OF SIGNING A BUYER AGENCY AGREEMENT
A buyer’s agent helps you get the best possible price, negotiates for beneficial contract terms and generally assists you throughout the transaction. A buyer’s agent owes you the fair treatment duties owed to all parties plus the higher level of agent-client fiduciary duties.
Only a buyer’s agent can:
- Give a negative opinion or critique of a seller’s property beyond disclosing defects.
- Be an Advocate for the buyer.
- Recommend or suggest an offering price or give you an opinion about whether a particular house is priced too high or low.
- Structure the offer and draft offer provisions with the buyer’s best interests in mind.
- Recommend and assist the buyer with negotiation strategies for the best price and terms.
- Disclosure all information and research about a property’s history so the buyer can make an informed decision. The level of additional investigation and research that a buyer’s agent may conduct for a buyer will vary from agent to agent.
- Give advise within the scope of the agent’s expertise as a licensed real estate agent.