Why you need a Buyer's Representative!

Q:
 What is a Buyer's Representative?
A:
 A Buyer Agent is your advocate. They represent only your interest and owe their loyalty & trust only to you.
Q:
 What are the benefits of Exclusive Buyer Representation?
A:
  • Loyalty - Must act in your best interest
  • Obedience - Must follow lawful instructions
  • Disclosure of all material facts:
    • Relationships between agent and other parties
    • Existence of other offers
    • Status of earnest money
    • Seller's financial condition
    • Property's true worth
    • Commission split with other brokers
    • Legal effect of important contract provisions
  • Confidentiality - All discussions, facts, or information ... with a responsibility of fairness and honesty in dealing with all parties.
  • Accounting - Reporting where earnest money placed in the hands of the broker is deposited.
  • Reasonable skill and care - From assistance on determination of purchase price to discovering material facts and disclosing them to the buyer investigating the material facts related to the sale.
Q:
 What services does a Buyer Agent provide you?
A.
  • Helps you identify and examine the most important features for your new home.
  • Identify areas that meet your needs.
  • Create a profiled search to help find your special home.
  • Preview homes that fit your requirements to eliminate unsuitable properties and maximize your home finding time. This includes For Sale By Owner (FSBO and all new construction developments.)
  • Assist in narrowing your choices for your new home by providing a comprehensive Comparable Market Analysis on you chosen properties; including school system information and any other data you will need to make an informed decision.
  • Assist you in structuring your offer and/or counter offer.
  • Accompany you to a smooth closing.
  • Coordinating any last minute details while you are settling in.
  • Lastly, your agents loyalty and trust not just during but after the sale.
Q:
 How much will it cost me?
A.
 Absolutely nothing 99% of the time.
Q:
 What about the 1%?
A:
 If you contact a For Sale By Owner or an on-site builder representative without identifying that you are represented by your agent, you may be obligated to pay the brokerage fee.
Q:
 Is it true that a Seller or Builder will discount the price of the home if I don't have an agent?
A: This is a common misconception. The Brokerage fee (or commission agreement) is a totally separate agreement, than the sales price of a home. The commission structure doesn't change even if the sale price of the house is negotiated at a lower price. The listing office receives the same commission rate, just at a lower price.
Q:
 What is your risk when buying a home without a buyers agent?
A:
  • Future development plans not generally known to the public. (future road construction, landfills, rock quarries, etc.)
  • Sulfur in well water.
  • Poor soil for septic systems.
  • Material defects
  • Building code violations
  • Rezoning plans (Especially school systems)
  • Paying too much for your new home.
  • Possibility of a seller misrepresenting their property.
Q:
 What do I have to sign to receive this representation?
A:
 It's called an Exclusive Buyers Agency Agreement, the time frame for representation is negotiable.
Q:
 So once I sign this agreement I get exclusive representation from start to finish it will probably cost me nothing?
A:
 ABSOLUTELY YES!!!



Signing an Exclusive Buyer Agency Agreement is the best investment you can make. If you are serious about buying a home, you need serious representation to find one. This agreement is the best and safest way to accomplish your home buying goal!