What is a Real Estate Buyer's Agent?

A real estate buyer's agent represents the consumer who is purchasing the property in a real estate transaction. This agent ows full fiduciary responsibilities, duities and loyalty tothe real estate buyer. The buyer's agent works for the buyer and has the clients best interests in mind though out the entire real estate transaction process. In other words: A Buyer's Agent fully represents YOUR best interest, unlike the listing agent who also has the duty to the seller to, among other things, negotiate the best price and terms for the seller.

What does a Buyer's Agent Cost Me?

In most cases in our area, NOTHING, but not using a Buyers agent can cost you a lot. While the party responsible for paying the buyer's agent varies by location. In most cases in the area we serve, the seller has already agreed to pay the buyer's agent when they listed their property with a Realor. The seller has agreed to pay this fee even if you don't use a buyer's agent, so there is no advantage or savings by not using a buyer's agent.

Why use a Real Estate Buyers Agent?

As a consumer, how often do you buy real estate property? Once, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled, and laws are frequently changed. In the majority of cases and agent will represent the seller. Why use the sellers agent? Would you want to have complete and fair representation in teh real estate transaction?

The real estate buyer agent is responsible to protect their clients' best interests. Research by the National Association of Realtors has shown that when a buyer agent is used, the prospective buyer found their home one week faster and looked at more properties than those consumers who did not use a buyers agent.

Using a Buyers Representative offers the consumer many benefits.

• Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
• Assist the buyer in determining the amoutn that they can afford and show properties in that price range and local the consumer has determined.
• Assist in viewing properties and either accompany the client onthe showins or preview the properties on behalf of the client to insure that the identified specifications are met.
• While the Realtor is not an inspector, and a home inspection is recommended once you choose a home, the Realtor is familiar with properties and will point out problems with the home as they see them.
• When purchasing land or commercial property, there are many important pieces of information not obvious by just looking at the property. The buyer's representative will obtain this information, which may include traffic counts, soil types, zoning information, etc., on your behalf.
• Research the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to maknig an appropriate offer on the property.
• Perform a market analysis on the property the buyer is interested in making an offer on. This will ensure you aren't paying too much for the property.
• Advise the client on structuring an appropriate offer to purchase the selected property. This could include contingencies, allowances, warrenties, terms of possession and other important details.
• Present the offer to the sellers agent and the seller on the buyer's behalf.
• Negotiate onbehalf of the buyer to help obtain the identified property. Keep in mind that the buyer's agent will be doing so with their clients' best interets in mind.
• Review all legal documents with the buyer.
• Recommends and assists in securing appropriate financing for the property.
• Arranges home inspections, pest inspections, appraisals and other services if required.
• Performs a final walk though to make sure the property is in the same condition just before closing.
• Will rovide a list of potential qualified vendors, eg. movers, attourneys, carpenters, etc., if these services are needed.
• Most Importantly, the buyer knows that they are fully represented throughout the real estate transaction.