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20 Reasons why you should sign a Buyers Agency Agreement when buying real estate

By
Real Estate Agent with Coldwell Banker
  1. A Buyers Agency Agreement is available for your protection and it is in your best interest to have someone represent you when purchasing real estate
  2. A buyers agent will expain agency to you and define the agency relationship in which is entered
  3. A buyer's agent will provide you with client-level services, which include obedience to lawful instructions, undivided loyalty, full disclosure, confidentiality, accountability, reasonable skill and care.
  4. A buyer agent will listen to your objectives and preferences in property styles, age, floor plans and then develop from this information a target property profile.
  5. A buyer agent will be available to you in a timely manner
  6. A buyer's agent will assist you in obtaining financial pre-approval, which will provide you with more negotiating power. CAUTION- If you get pre-approved today it does not guarantee financing in the future.  The market is changing daily.
  7. A buyers agent will save you time by searching out, pre-qualifying and pre-screening appropriate properties that meet your criteria
  8. A buyers agent will offer a wide variety of comparables to preview, not just their agency's listings
  9. After viewing properties, a buyer's agent will discuss and compare them with the targeted property profile. A buyers agent will point out the negative aspects on each property, not just the positives
  10. A buyers agent will tell you everything he or she can find out about the seller and reasons for selling
  11. Before preparing an offer to purchase, a Buyer Agent will inform you about any defects or problems he/she has observed or in any way discovered regarding the target property
  12. Before preparing a contract offer on your behalf, a buyers agent will prepare a comparative market analysis, including explanations and documentation, to determine the target property's market value.
  13. A buyers agent will tell you if a listing is overpriced and help you formulate a fair and justified offering price
  14. A buyers agent will discus with you a negotiating strategy and represent you, his/her client, like an attorney all the way to the closing table
  15. A buyers agent will keep you informed  about the ever-changing local real estate market
  16. A buyer's agent will get you the best possible price and terms on the property, you want.
  17. A buyers agent will counsel a client from the first meeting until well after a closed transaction and will aid their client by providing contact information for all necessary service providers
  18. A buyer's agent will attend inspections, final walk-through and closing.
  19. A buyers agent will review a settlement statement with you at or before closing
  20. A buyer's agent will keep all necessary records of transactions for a reasonable amount of time.

by: Kim Carpenter, Alton Bay, NH
Real Estate Agent, serving all of the Lakes Region
REALTOR

Comments (2)

Linda Reynolds
Bradenton Real Estate - Linda Reynolds - Bradenton, FL
Bradenton Real Estate
Great post, good reference material for buyers.
Aug 20, 2007 10:57 PM
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL

Kim:

Good post.  Looks like a good start for a flyer.

Aug 20, 2007 11:16 PM