What is a Buyer Agent?
A buyer agent
works on behalf of the buyer, the agents responsibilities are:
Inform
buyer of all homes currently for sale in the
buyer's predetermined area and price
range.
Investigate
at buyers request, current market statistics and
values, of any interested house or area.
Relay any
pertinent information or defects concerning home
of interest.
Help
buyers determine offer price not based on asking
price, and work on buyer's behalf to negotiate.
Inform and
explain to the buyer all of the inspections,
disclosures, and details of contract that could
be designed to protect the buyer or SELLER.
Who needs
a buyer's agent?
Any buyer who does
not purchase real estate on a regular basis, should have
a buyer's agent because real estate laws change. Buyers
need someone working on their behalf. Home purchasing is
probably going to be the biggest purchase of their life.
The contracts are legally binding. An educated, informed
buyer, is usually a happy buyer.
What is
good about buyer agency?
You have an agent that is
working for YOU on YOUR behalf.
The seller usually pays
for this service.
You can negotiate this
contract; Time, Area, Price etc.
What may
not be good about buyer agency?
You are
obligated to use that agent to whom you have
signed the agency agreement with for a pre-determined
time. So make sure that agent is knowledgeable,
available to your convenience and has personality
and understanding of your real estate needs.
Although
most every seller pays the buyers agency fee.
There may be a time when a For Sale by Owner or
particular builder will not pay this fee. In
either case you would be responsible to pay this
fee.
Most
buyers entering in a buyer agency contract are
required to pay a small non-refundable fee for
the agent's service. As that agent does work for
you. Many experienced/professional agents do
insure commitment from both sides of the business
decision. This fee usually is from $300.00 to $500.00
and is usually deducted from the total amount
owed.
Are you
interested in a buyer agent that will help you make GOOD
decisions?
Then Contact
Denise
DeLawder
|