What is the definition of a Buyer’s Agent?
A Buyer’s Agent represents only the buyer in a real estate transaction; he/she is bound by contract to help you find the best property at the most favorable terms for YOU.
What is the cost of a Buyer’s Agent and how do they get paid?
Typically, the seller pays the commission which is split between the Buyer’s Agent and the Seller’s Agent.
What will a Buyer’s Agent do for you?
A Buyer’s Agent Will:
- Evaluate your specific wants & needs and locate properties based on your criteria.
- Assist in determining the amount you can afford and show you properties in the appropriate price range and locale.
- Assist in viewing properties and either accompany you on the showings or preview the properties on your behalf to ensure that your specifications are met.
- Research the selected properties to identify any problems or issues to help you make an informed decision prior to making an offer on the property.
- Advise on structuring an appropriate offer to purchase the selected property.
- Present your offer.
- Negotiate on your behalf to help obtain the identified property.
- Provide recommendations and assistance in securing appropriate financing for the property of your choice.
- Provide the expertise and experience to assist in making the home buying transaction a smooth and efficient process.
The National Association of Realtors® has shown that when a Buyer’s Agent is used, the prospective buyer found a home one week faster and examined three more properties than those consumers who did not use a Buyer’s Agent, thereby demonstrating there are many benefits to hiring a Buyer’s Agent.