
Is a buyer's agent for me?
A buyer's agent owes the following duties to you as a buyer:
- Obedience
- Disclosure
- Loyalty
- Confidentiality
- Diligence
- Accounting
- Reasonable Care
These responsibilities are defined by state law, and
the REALTORS Code of Ethics
That's the legal definition, but what does a buyer's agent actually do for the home buyer? Like other agents, a buyer's agent will show the buyer available homes, point out the property's features, provide financing information and submit the offer to purchase.
But that's not all, as your representative, a buyer's agent will share valuable and essential information with you that a seller's agent cannot. This includes:
- Whether the seller would accept a lower price, if known.
- The seller's reason for selling and timetable, if known.
- How long the home has been on the market.
- What the average price is for homes sold in neighborhood.
- Strengths and weaknesses of the property.
Most important for many buyers, you can ask a buyer's agent for advice and assistance in setting your offering price. What's more, you'll have peace of mind knowing an advocate is bargaining on your behalf to help you buy at the lowest possible price and best possible terms.
So, if you want to make sure you buy smart, you will want your own representation.
Still not convinced? In most instances, buyer's agents are paid by the seller. So, if you want an agent to fully represent your best interests, if you want help evaluating a property, if you want someone to negotiate to get you the best price and best terms, if you want to get started, contact us!