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Why Use A Buyer’s Agent?
Buying a home without
one could cost you.
A buyer’s agent represents
your best interests, and works to get you the home
you want at the best price and on the best terms.
Traditionally, all real estate agents represented
home seller, and the buyer had no representation
during the home search and purchase. Today, home
buyers can benefit from professional representation
by choosing a buyer’s agent.
Legally, a buyer’s agent’s
responsibilities are defined by state laws and the
REALTORS® Code of Ethics, and generally include
confidentiality, full disclosure, and accurate
accounting. A buyer’s agent can prevent you from
making costly errors such as failing to discover
defects in the property, zoning issues, and finding
the property’s actual value. A buyer’s agent’s goal
is to help you locate and purchase the home you
want, and get it at the right price.
What does a Buyer’s
Agent do?
- Represent you in every
part of the purchase process.
- Provides professional
advice in finding the right property at the
right price.
- Locates and researches
properties that meet your needs.
- Negotiates with the
seller’s agent.
- Puts you in contact
with mortgage services, title and insurance
companies, and home inspectors.
- Reviews documents for
accuracy
- At closing, verifies
that all terms and conditions of the purchase
agreement are met.
How is a Buyer’s Agent
paid?
A buyer’s agent usually
receives a share of the sales commission that the
seller agreed to pay the listing agent. In most
cases the listing agent agrees to split a sales
commission with any agent who obtains a buyer for
the seller’s property. So, it does not cost you any
more to be legally represented by a buyer’s agent.
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