I recently worked with two couples on the purchase of their new home. I was surprised when both couples asked me what they owed me. It then occurred to me that there must be some misinformation or misconception about working with a Real Estate Agent. A Real Estate Agent that works with and represents buyers in the purchase of a home is referred to as a Buyer Agent. You might think you have to pay a Buyer Agent. Typically you don’t. Most Buyer Agents are paid by the seller. So you might be thinking maybe I can get a discount if I buy without my own agent or let the Listing Agent represent me. That is not the case. The Listing Agent represents the seller and negotiates for the highest price on behalf of the seller. A Buyer Agent represents the buyer exclusively and negotiates for the best price on their behalf. Real Estate transactions are becoming increasingly complex. A Buyer Agent will guide you through the whole process. Your agent is accountable to you not the seller and cannot divulge confidential information to the seller or the seller’s agent.
What will a Buyer’s Agent do for you?
• Locate property that meets your needs
• Evaluate the pros and cons of the property
• Negotiate the best price and terms
• Evaluate loans and financing options
• Facilitate Inspections and Inspections Responses
• Help ensure contract compliance
• Accompany you on a final walk through before closing
• Attend the closing
Using a Buyer Agent will help to alleviate some of the anxiety of purchasing a home. Your agent will do everything humanly possible to make the process as streamlined and smooth as possible.
