Why have a buyer's agent

By
Real Estate Agent with Keller Williams Classic Realty
Why have a buyers agent?
First of all, when Sellers agree to list their property they agree
to a commission which is paid to both the Realtor who lists the
Seller's property and the Realtor who brings the Buyers to the
table. The commission is typically split with the Buyers Agent at
closing.  Buyers should not think, because they are represented by
a Buyer's Agent they are incurring an additional expense to pay
their agent's commission. The commission is already taken into
account by the Seller in their Listing Agreement with their Listing
Agent. Sellers are willing to split the commission between the
Realtor representing them, and the Realtor representing the Buyer.
Sellers do this to facilitate the transaction, and are happy to have
buyers brought to them.
Secondly, buying a home for many people, represents one of the
largest financial decisions of their lives, let me ask a question.
When you are in a legal proceeding, would you have the lawyer
representing the person sitting across the table from you represent
you as well? The answer is so simple. Of course not. Why then, when
buying a house or property, would you utilize the Realtor who
represents the Seller to safeguard your best interests as the Buyer?
Keep in mind that the Selling Agent represents the Seller first and
foremost. They are bound by confidentiality and are negotiating to
get the highest possible price for their Seller. Having a Buyers
Agent is in the best interest of you, the Buyer. A good Buyers Agent
will be skilled at negotiating the best price and terms on the home
of your choice. They will also  monitor the Buyers home inspection.
The inspector looks for potential defects that are normally missed by
the buyer. Once the inspection is complete, the Buyer's Agent can
assist in negotiating any costly repairs needed. Therefore, the
Buyers Agent does not cost you money and may actually save you money
in the long run.
Finally,  a Buyers Agent can also save
you a lot of time. Say you have ten homes you want to see. Without a
Buyers Agent you'd have to call each Selling Agent and arrange a time
to go and see each of their listings. A Buyers Agent has access to
all the homes on the market and will promptly arrange showings for
the homes you want to preview. This can be done all at once or over a
few different time slots.


As your Buyer's Agent I will help you throughout the entire home buying process, all the way from the
pre-approval to handing you keys at closing. 
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Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Such an easy explanation for a complex situation. Not a day goes by that I don't have to explain the laws of agency to a client and their rights to be represented... 

Nov 08, 2011 02:06 AM #1
Rainer
106,672
Rob Magnotta
Huntington Beach, Newport Beach, Seal Beach, Irvine REALTOR - Huntington Beach, CA
Huntington Beach & Newport Beach Coastal Specialist

Great information guys. I agree with Paul as well in that you simplified what could be complicated.

Nov 08, 2011 02:08 AM #2
Rainer
38,685
Kelly Milligan
First Title Real Estate, LLC - Slidell, LA

AMEN!!  I firmly agree that each party needs their own representation.  My 26 yr old daughter recently had a very bad experience using a dual agent.  (against Mom's advice >:-{  ).  I ended up having to call the state board's attorney to get her deposit back.

Nov 08, 2011 02:35 AM #3
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Joel Friday

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