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FAQ: Why Should I Work With Buyer's Agent?

By
Real Estate Agent with LAER Realty Partners
FAQ: Why Should I Work With Buyer's Agent?

 A very valid question from a buyer:

And a simple reason for a buyer to work with the listing agent.

In this market - when multiple offers are flying.

And perhaps, the listing agent will help the buyer secure the home.

So here is my response to the buyer (YOU!):

Here are few reasons, with 'YOU' as the buyer:

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A Buyer’s Agent works for YOU while seller’s agent works for the seller.

 

(This means they may work against you!)

A Buyer’s Agent promises to represent YOU and take good care of YOU. A seller’s Agent promises not to mislead you.

 

A Buyer’s Agent negotiates the best price and terms for YOU. A Seller’s Agent negotiates the same for the seller.

A Buyer’s Agent owes YOU the fiduciary duties of Obedience, Loyalty, Disclosure, Confidentiality, Accounting and Reasonable care.

 

A Buyer’s Agent will protect your confidentiality on all matters, including but not limited to finances, motivation, personal circumstances, and feedback. A Seller’s Agent must not disclose to you any information that is not in the best interest of the seller, other than honest, factual disclosure about the property and must disclose to the seller any information about you that is known and can work against you.

 

A Buyer’s Agent is more motivated to spot problems, to investigate potential issues, to counsel you on the market and the community, to preview properties and to advise on future salability and potential problems.

 

A Buyer’s Agent is more motivated to counsel inexperienced buyers and to take a more proactive role in the search and closing process.

 

A Buyer’s Agent will run a market analysis (comps) and advice on a recommended offer. A Seller’s Agent must not recommend any price lower than the asking price or suggest any favorable terms without Seller's permission.

 

Our ENTIRE OFFICE represents YOU as a client.

FAQ: Why Should I Work With Buyer's Agent?
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Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

I have never really spent some time on the matter but after reading this post, its all clear to me now. Thank you for the lightbulb moment!

Jul 01, 2017 03:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great post, Praful. I actually have a hand-out I provide prospective buyers with our state forms that delineate specifically what I do for a client versus a customer. They get it.

Jul 01, 2017 06:01 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks a lot for stopping by and your comments on my post.

Jul 01, 2017 11:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Eva B. Liland with Century 21 Doug Anderson - we should provide value to our clients and show them why they should work with a trusted advisor.

Jul 01, 2017 11:17 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Nina Hollander - in fact, this is from the hand-out I share with my buyers at my first meeting with them! Works well!

Jul 01, 2017 11:18 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Once again, thanks a lot for stopping by and your comments on my post.

Jul 01, 2017 11:18 PM