Buyer Representation – Is It Really Necessary?

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Good information from Debe Maxwell on a buyer's agents role in real estate:

Original content by Debe Maxwell, CRS 228209

Buyer Representation – Is It Really Necessary?

 

Buyer RepresentationQuestion:   Do home buyers need the help of a Buyers Agent?

Answer:   You bet !  When buyers work with a real estate professional who is 100% loyal and completely committed to them, chances are that the entire home-buying process will go smoothly and with a higher level of buyer satisfaction.

 

 Question:   What is a Buyers Agent?

Answer:   A Buyers Agent works solely for you, the buyer, and has no legal or other responsibilities to the seller.* When working with a Buyers Agent, you have the advantage of personal representation, independent counseling, loyalty, confidentiality, and trust.  On the other hand, while helping you present an offer and then negotiate and close a transaction, a general real estate agent has certain fiduciary responsibilities to the seller and agent of any property you choose.

                  *In a case where the property your agent is representing you to purchase is also that agent’s listing, dual agency applies.  Talk to your agent for more information.

Buyer Representation

 

Question:   Can a Buyers Agent show us the same properties?

Answer:   Yes, a Buyers Agent can show you any home that is listed in the Realtor's® Multiple Listing Service (MLS), PLUS Real Estate Owned (REO) and For Sale By Owner (FSBO) properties. Additionally, a Buyers Agent can show you builder models to select your own, brand-new properties and unlisted homes.

 

 

 

 

 

 

Question:   Will a Buyers Agent disclose information to us?

Answer:   Yes indeed. Because a Buyers Agent's fiduciary responsibility is to you, the buyer, he or she can be more forthcoming with any negative aspects about properties that you are investigating for purchase.

 

Buyer Awareness

Question:   Does a Buyers Agent make decisions for us?

Answer:   No, absolutely not.  As your personal ally, advocating your best interests, a Buyers Agent is obligated to provide you with maximum information about buying a home, each step of the way.  That means disclosing specifics about location, property values, offering price, negotiations, counteroffers, contingencies, financing, and the entire closing process.  Armed with such vital and detailed information, you’ll be thoroughly prepared to make decisions that are right for you and your family.

Debe in Charlotte   

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Everyone should use a buyer agent that represents their interest. However, my experience of many years before buyer agency became popular was that we had fewer problems and more satisfied buyers and sellers when agents represented the sellers and contracts were only a few pages.

Mar 18, 2010 11:23 PM #1
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Gabe!  Thank you so much for the re-blog--it's such an honor when you do this!  I have been trying to get this message out lately as I've heard horror stories of hidden defects that is hidden from the buyer.  Buyers have no idea the depths of the relationship between the LA and the Seller!

Have a wonderful weekend...

Mar 19, 2010 04:31 PM #2
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Roy, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 06:00 AM #3
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Debe, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 06:00 AM #4
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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