WHY DO YOU NEED A BUYER'S AGENT ?

By
Real Estate Agent with Cottage and Loft Realty

All-Terrain Richmond Realty

"WHAT CAN A SELLER 'S AGENT DO TO HELP ME BUY ?"

Without a buyer's agent, you're really on your own. Keep in mind, the seller's agent is actually working for the seller and is the seller's legal representative. Yes, a seller's agent can offer buyers some services, including a diligent search to find the right home, an explanation of available financing, calculation of monthly payments, estimate of settlement costs and presentation of your offer to buy.

What a seller' s agent can't do is disclose information not in the best interst of the seller such as an opinion of the home' s real value or what price and terms the seller would accept.

By law, the seller' s agent must negotiate on behalf of the seller and may not withhold from the seller information that could strengthen their bargaining position. That means you, as a buyer, should be careful not to disclose to the seller's agent any financial or personal information that could be used against you.

"WHAT WILL A BUYER'S AGENT COST ME?"

Perhaps the right question is "What will it cost me if I don't use a buyer's agent?" Purchasing a home without representation is possibly the biggest mistake you can make.

A buyer's agent can guide you each step of the way to prevent costly errors. Failure to negotiate a contract that works for you can cost you plenty. With a buyer's agent, you can ask for and receive advice and assistance in selecting the best property and determining an offering price.

"WHO PAYS THE BUYER'S AGENT' S FEE?"

That depends. Surveys show that in most instances, buyer' s agents are paid like seller' s agents; that is, buyer's agents generally receive their share from the sale of the home paid by the seller. Many listing agreements between the home seller and listing agent indicate how much will be split between the seller's agent and the buyer's agent. That's because most sellers are prepared to pay a commission simply to get their home sold. They aren't concerned whether it's a seller's agent or a buyer's agent that share the commission.

There are, however, other ways buyer's agents may get paid. If you find a FSBO, and they are not willing to work with an agent, the buyer is responsible for to pay the buyer's agent commission.Which does happen too often.

Remember, the question is:  "Can I  afford to buy a home without a buyer's agent? " For most home buyers today, the answer  is   "NO!"

THE BOTTOM LINE

If you want an agent to fully represent your interests, if you want help evaluating a property, if you want someone to negotiate to get you the best price and the best terms, if you want to purchase a home in what's becoming the most popular way to buy, you'll want to enlist the aid of a buyer's agent.

So if you need a buyer's agent feel free to give me a call 804-741-9930 or email me at WANNASELL4YOU@AOL.COM I would be more than happy to help you.

realtor and equal housing

 

 

  

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