The real estate market can be tricky and unpredictable. It is important that the agent you choose works for you. Working with a trusted expert and buyers’ advocate helps you achieve your dream of home ownership without unpleasant surprises. Common sense would suggest you’d go out, find the houses you like, call the agents listed on the signs/listings, and call them for a showing, right? Not so fast!
The agent listed on that sign has a legal agreement with the seller of the home. He is legally obligated by the listing contract to put forth his best efforts to sell that home for the listing price. He can use any and all knowledge he has of any buyer who comes along to get what his seller wants. He is the seller’s advocate at the bargaining table. Unless you sign a similar agreement as a buyer with a realtor, you have no representation in the deal. Any information that you will need to share in the transaction can be used to the seller’s advantage, leaving you with a less than optimal deal. Enter… the buyer’s agent.
Once you get ready to look for a home, your first step should be to find a reputable realtor to help you in your search. Realtors work in the industry, they know mortgage brokers, appraisers, attorneys and other professionals you will need to employ in buying your home. A buyer’s agent communicates with you, takes information that you give and keeps it confidential, away from the ears of the seller. He makes sure that your information cannot be used against you in the negotiation process, and ensures that you won’t have to share that sensitive information with multiple realtors to find your next home. Realtors are required by law to provide a certain amount of service to a signed client. There is a much lesser obligation to a non-signed customer.
A buyer’s agency can determine which loan programs you qualify for, and find which homes are available to that program. He can communicate with your mortgage broker, your attorney, the appraiser, home inspector, termite company, movers and more to coordinate services to keep your life as stress free as possible during the transaction. A buyer’s agent can show you any property, regardless of which company has it listed, and act as your advocate from beginning to end of the process.
If you are looking to buy a home, consider calling a realtor and signing a buyer’s agency agreement. Your home shopping process will go much more smoothly, and you’ll find your home more quickly! The buyer's agent takes his commission from the sale of the home. The seller pays for your representation, why not take advantage of this and protect yourself? A single agent may act as both a buyer and seller’s agent, keeping information confidential from the other party, but a signed agreement is required to enter into a confidential relationship. Choose wisely and keep in mind, without that agreement, anything you say can and probably will be used to get the party with representation the best deal. You need representation!
Consider using Baron Agency as your buyer's agent. Call Niki Davis at 864-420-0894. You can also email Niki at nikigreerdavis@gmail.com.
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