A real estate buyer's agent represents the consumer who is purchasing the property in the real estate transaction. This agent owes full fiduciary responsibilities, duties and loyalty to the real estate buyer. The buyer's agent works for the buyer client and has the client's best interests in mind throughout the entire real estate transaction process.

The buyer through a negotiated fee compensates the agent or in some states, the commission is split between the buyer and seller's agents based on the selling price of the real estate property. It is important for the consumer to discuss the buyer agent's compensation in the initial interview. In many cases, it is recommended that the consumer and buyer agent agree to the terms of compensation before viewing real estate properties and sign a written agreement based on these terms. This agreement should spell out the responsibilities of both parties throughout the real estate transaction.

Why use a Real Estate Buyers Representative?

As a consumer, how often do you buy real estate property? Once, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases, an agent will represent the seller. Wouldn't you want to have complete and fair representation in the real estate transaction?

The real estate buyers agent is responsible to protect their clients' best interests. Research by the NATIONAL ASSOCIATION OF REALTORS® has shown that when a buyers agent is used, the prospective buyer found their home one week faster and examined three more properties than those consumers who did not use a buyers agent.

The Benefits of Using a Buyers Agent

Using a Buyers Representative offers the consumer many benefits.

Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.

Assist the buyer in determining the amount that they can afford (pre-qualify) and show properties in that price range and locale the consumer has determined.

Assist in viewing properties and either accompany the client on the showings or preview the properties on behalf of the client to insure that the identified specifications are met.

Research the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to making an appropriate offer on the property.

Advise the client on structuring an appropriate offer to purchase the selected property.

Present the offer to the seller's agent and seller on the client's behalf. Negotiate on behalf of the buyer client to help obtain the identified property. Keep in mind that the buyer agent will be doing so with their client's best interests in mind.

Review and explain all legal documents to their buyer client.

Recommendations and assistance in securing appropriate financing for the selected property.

Provide a list of potential qualified vendors e.g. movers, attorneys, carpenters if the consumer needs these services.

Most importantly, the buyer would know that they are fully represented throughout the real estate transaction. Contact me today to put an Accredited Buyer Representative (ABR®) to work for you.