Home buyers should always have their own agent. Buyer agents work to negotiate the best terms and price for the buyer. Best of all, the buyer agent’s services are free to the buyer.
Most people think they have to pay a sales commission. The truth is that only the seller pays the commission.
Whether a buyer uses an agent or not, the seller still pays the commission. The only person that wins when buyers are not represented is the listing agent.
Most buyer agents will have their clients sign an agency agreement, an Exclusive Buyer Agency Agreement. It outlines their services, how they are compensated, and how the two parties will work together. Buying a home is stressful enough, that’s why you want to make sure that you are working with an agent who truly has your best needs in mind. They should be your trusted advocate throughout the entire process.
Your agent should do the following:
1. Protect your financial information
2. Negotiate the best possible price
3. Disclose if I am working with another buyer interested in the same property
4. Show all properties you are interested in that fits your criteria and budget
5. Connect you with the service providers—inspectors, lenders, home warranty companies—to best suit your needs
Make sure the buyer’s agent you select is familiar with the type of property you want to purchase, the area you want to purchase in and the particulars of your situation. An agent is only as effective as the information they are given.
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