Buyer's Agency

Buyer's Agency from Stephens Real Estate

By: Stephens Real Estate  02/16/2016
Keywords: Buyer Broker

One of the best recent trends in real estate is the use of Buyer's Agents. In the past, real estate agents traditionally represented only the interests of the seller in a transaction, since the seller had signed a listing agreement and offered to pay the agent a commission. Now it is common for a buyer to be represented by one agent, while another agent represents the seller. Each side has an agent negotiating on their behalf, and looking out for their best interests. Every buyer can benefit from representation, but if you're new to the area, or if you've never bought a home before, you'll find that working with a Buyer's Agent is especially important. As a buyer, you can benefit from an agent's knowledge of the local area and get advice about real estate values, trends, and the marketplace. Your agent will help you prepare a purchase offer, make suggestions about which inspections may be advisable, and explain how the value of your chosen property compares with others that have recently sold. Most importantly, you can be absolutely honest with your Buyer's Agent about what you really need to have and what you're willing to settle for because your agent will keep your private conversations confidential and will not give your negotiating strategies away to the seller or anyone else. Are you ready for some more good news? Stephens Real Estate does not charge a retainer fee or any "upfront" fees. Your agent will be paid from the commission that the seller pays at closing. If you want an agent to represent you, you should sign an agreement that spells out your agent's responsibility to look for a property to fit your needs. Interview your agent on your first meeting! Ask what he or she will do to help you locate property, and what resources and tools your agent has available to help you With a Buyer Representation Agreement in place, you and your agent are off to the start of a really helpful relationship, and you can count on your agent's promises of care, loyalty, and confidentiality.

Keywords: Buyer Broker

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