Buying a Home in Atlanta? Why Would I need a Buyers Agent?

By
Real Estate Agent with Crye-Leike REALTORS® 165062

Buying a home in Atlanta?  We occasionally get calls from our Atlanta real estate website for folks that just want more information, but do not want to work with an Atlanta real estateagent.  They want to go directly to the seller and negotiate a deal with the listing agent.  There is a problem with that.  The listing agent is under contract with the seller only to represent the sellers best interests!  When you try to explain buyers agency to them, the buyers will ask "Why Would I need a Buyers Agent?"  There is an old phrase that serves this best!  "Caveat Emptor" or Buyer Beware!  Your interests do not come first in the deal!  What does that mean?  It means you should never buy a home in Atlanta without an Experienced Atlanta Buyers agent representing you!   ( Someone that has sold personally over 50 homes! )

  1. You may pay more than market value - overpay.
  2. Can you negotiate the best possible terms?
  3. Lead based Paint?  Polybute pipes? EIFS? LP,GP Masonite siding?  Aluminum wiring?
  4. Are you purchasing a stigmatized property?
  5. You may have not asked for and received a full disclosure of future and proposed zoning
  6. Are their predators in the neighborhood?
  7. Are neighborhood sales prices declining? Most recent comps!
  8. Are there proposed but not yet ratified future HOA assessments?
  9. School rezonings?
  10. You may not have exercised all your rights or best options?
  11. Did the seller pay your closing costs?  If so can you deduct them?
  12. Is the owner an licensed agent?  Did they disclose it in writing in the contract?
  13. Best rates and terms in your mortgage?  Do you understand what you are signing?
  14. Do you have a good attorney to explain the contract to you?

 

Posted by

James Crawford ABR, Broker Associate

 

 

 

 

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Rainmaker
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Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty
I've been running across that a lot lately here too.  Many buyers just tell me they will use the agent who is selling the house they like.  They do not understand how important it is to be represented by a buyer's agent. 
Apr 21, 2008 03:48 PM #1
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Colorado Springs Realty Patricia Beck  Many of these are the same types that are currently being foreclosed on!  They did not have proper advice when they purchased, they received financing form the builders that had hidden fees, and pre-payment penalties, and they purchased homes with major structural defects, but won a free trip to Disney World!  Sounds funny?  They are all real items that I came across in real estate!

Apr 21, 2008 04:13 PM #2
Rainmaker
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Jeff R. Geoghan
Coldwell Banker Residential Brokerage - Lancaster, PA
REALTOR, Marketing Manager
I just posted an article about why buyers should interview and hire a buyer's agent first, Jim.  They seem to want to play agents against each other instead, either out of ignorance or...
Apr 22, 2008 08:45 AM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
 Jeff Geoghan MBA, - Lancaster PA Real Estate Expert  To most it is an adventure but they do not understand the stakes!  I see the errors 5 years later when they try to resell it!
Apr 22, 2008 03:12 PM #4
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