Sheldon Neal was kind enough to spend some time with me to discuss the role of a real estate buyer's agent. When we meet we recorded a podcast for the Trump University members titled Real Estate Investing With A Buyer's Agent.
Our goal was to help new investors understand the role a buyer's agent plays in the transaction and why they are an important part of any power team.
I learned a few things during our chat that will come in handy the next time I am buying real estate. I now understand that a buyer's agent:
- works for me, the buyer or investor
- negotiates on my behalf and keeps my best interests at heart (not the sellers)
- does not have the same potential conflict of interest a dual agent might have
- has local market knowledge on home values and comparables
- Understands local trends and what other buyers are looking for in a property and their associated costs
Enjoy listening to our podcast and let me know what you think and if you have suggestions for future topics.
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Josef,
One thing I've learned about being on Active Rain is you realtors in the States have lots of terms we don't have here. We don't have "buyers agents" per say.