Why You Need A Buyers Agent

Dated: January 10 2018

Views: 453


Image titleA Buyer's Agent is Essential

When you are looking for a home and you call the list agent to show you the house, they are working for the seller.  They have a fiduciary responsibility to the seller and are only looking out for the seller.  When you work with a buyer's agent, they have a fiduciary responsibility to you, the buyer.  That is if you enter into an Exclusive Buyer Brokerage Agreement with the Agent.  If you do not, the agent may only open doors for you and may not offer any advice.  I like to compare it to being sued.  Would you as a defendant want the plaintiff's lawyer representing you also?  Of course not!  Same goes with real estate.  

A buyer's agent is free!  They are paid a commission set forth in the Multiple Listing Service (MLS).  There are only a couple of instances where you would have to pay their commission.  One would be where if you found a For Sale By Owner (FSBO) property and the seller refuses to pay a commission to the agent.  The other main reason would be if your agent gets you to closing and you walk away for reasons other than financial.  

Market knowledge.  A buyer's agent previews dozens of property each week.  They are very familiar with pricing and will know when a property is over priced.  

Negotiations are crucial in  real estate.  This is typically the biggest purchase people make in their lives.  A buyer's agent is experienced in negotiation and will help you get the best value for your money.

A resource for resources!  Throughout a real estate transaction you will may need  a mortgage company, home inspection company or roof contractors or other contractors to advise on things found during inspection.  A buyer's agent will have a go to list of people they trust to advise you during your transaction.   

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Jenny Rutherford

Meet Jenny Rutherford Jenny Rutherford Real Estate, LLC. Where did you grow up? I grew up on a farm at the base of the Blue Ridge Mountains in Virginia. I've lived in several states, including Virgi....

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