Buyer’s Agents

Buyer’s Representative Agreement

Does your real estate agent really work for you? It may be a surprise to learn that if you have not signed an agreement making an agent your buyer’s representative, he or she likely works in the best interests of the seller.

Buyer’s Agent Defined A real estate agent employed to work in the best interests of a buyer in a real estate transaction. The agent’s loyalties are with the buyer. It is the agent’s duty to share any information about the property or sellers that may help the buyer make decisions regarding the transaction.

Who pays the Buyer’s Agent Commission? 

Most real estate agents are paid commission. The listing agent will pay the buyer’s agent. So a buyer’s agents goals is to find you the perfect house because they will be paid from the seller of the property you choose.

Buyers have nothing to lose, because you can expect a higher level of service, for no additional cost. It is best to use an agent and be loyal to them, in return for providing these services and assisting you with various transaction details, buyer’s agents expect  you to remain loyal to them, making it clear to any other agents that you are already being represented.  Read more at Real Estate Commissions & fees.

Becoming a client

Involves signing a Buyer Representation Agreement who then owes you fiduciary duties meaning the agent is working with your best interests (and wallet) in mind. A buyer’s agent will work to negotiate the best price, ensure the property is inspected, and make sure you have the representation you need. Things you tell a buyer’s agent remain confidential. Using a buyer’s agent also means that you will be shown homes that are For Sale By Owner (FSBO).

As exciting as it can be to find a property, there is work to be done to ensure it’s everything the seller says it is.

Our Realtors will

  • Advise you on potential pitfalls or inspection issues that may arise
  • Help guide you throughout the closing process.
  • Monitor the status and satisfaction of all contract contingencies and negotiations with the seller.
  • Provide you with a list of professionals or vendors who perform the services and/or inspections
  • Deliver and/or communicate to you, in a timely manner, any disclosures, materials or information that has been received by me and that could materially affect your decision to complete the purchase.
  • Attend property inspections, as well as any obtaining bids with the professionals of your choice.
  • Discuss your options based on inspection results.
  • Monitor your loan approval process.
  • Coordinate the appraisal of the property.
  •  Review all documents, including contracts, disclosures, disclaimers and inspection reports.
  • Advise you on your options should problems arise with any part of the escrow process from loan, to title, to property inspections and assist in renegotiating the contract if necessary.
  • Accompany you on a property walk-through inspection before closing as provided for in the contract.