Are you ready to Buy?
I am committed to supporting your real estate needs through every step of the process.
I am a Professional Realtor because I find the right property and have the negotiating skills necessary to obtain an accepted offer on your behalf.
What’s the difference between a Buyer’s Agent and a Seller’s Agent?
Traditionally, all agents involved in a real estate transaction legally represent the Seller (both the “Listing Agent” and the “Selling Agent.”) When a Buyer’s Agent is involved, the person buying the property is represented by the “Selling Agent,” who is known as the “Buyer’s Agent.”
How does a Buyer’s Agent get paid?
In our market it generally comes from:
- Out of the total commission being paid to the listing broker, by the Seller of the property. For example if the Seller is paying a 6% commission, the Listing Agent and Buyers Agent would split this amount.
What will it cost me?
No additional cost! Commissions are paid by the Seller. Your agent is negotiating on your behalf for the price of the property.
What are the Benefits of Buyer’s Agency?
- Advise and counsel to a Buyer with unrestricted assistance.
- Prepare an estimate of value and future salability to insure the true value of the property.
- Investigate any situation that might jeopardize the best interest of the Buyer.
- Negotiate with the Listing Agent and Seller to obtain the lowest price.
- Show all properties on the market, regardless of whether they are listed with Multiple Listing Service.
Is there a Contract for Buyer’s Agency?
Yes, a Buyer Agency Contract creates legal “fiduciary” responsibilities between the Buyer and the Agent. These responsibilities include:
- Full disclosure of useful information.
- Accounting on all matters.
- Confidentiality in all matters.
- Obedience to Buyer’s needs.
- Negotiating the best price for the Buyer.
- Reasonable Care to Buyer’s needs.
- Loyalty between the Agent and the Buyer.
The Competitive Edge
A Buyer’s Agent can make a crucial difference. He or she protects the Buyer’s interests and helps negotiate a fair and equitable agreement for the property. Legally, a Buyer’s Agent is obligated to provide complete confidentiality of the Buyer’s personal motives and financial intentions. Without this confidential duty, a Seller might gain a competitive bargaining edge.