One of the major misnomers in real estate is understanding the role of a buyer’s agent. Most people are lead to believe that there is no difference between using the same agent as the seller and having their own agent… But there is!
Would you have the same attorney as your soon to be ex-spouse in a divorce?
One of the first questions I ask to explain this concept: Would you have the same attorney as your soon to be ex-spouse in a divorce? 9 times out of 10 the answer is No! Now let me clarify, I am not saying a divorce is like purchasing a home, hopefully purchasing a home is a much more pleasant experience. On the other hand, they are both legal matters that are major life changing events. Just like a divorce, having someone to look out for you and only you is a major benefit.
Why would you pass up a service that is almost always free –
Another aspect that most people don’t realize is the Sellers pays the Buyers Agent commission in almost all transactions, even though the Buyers Agent represented only the Buyer! The percentage of the buyers and sellers agent commission is predetermined before you even step foot into the home. Understand that if you use the same agent as the sellers, all the commission goes to that agent and the agent becomes a dual agent. Because the agent represents both parties and cannot compromise the other party, they are limited in their ability to advise and advocate on your behalf. In the end, you don’t receive all the benefits you could received if you had an agent who only presented you.
With all that said, here is what a buyers agent service will provide you:
- You will have a professional real estate agent who is looking out for only your interest.
- Customized searches of listings taking into consideration the area, price range, needs and preferences that fit you.
- Home previews planned, scheduled and prepared for in advance so that your focus can be on finding your next home.
- Someone to explain the whole process to you step by step, from selecting the best home, making the offer, all the way through to the closing day.
- Someone who brings their experience of numerous transactions to help you understand what you must do to protect yourself in a real estate transaction.
- Someone who can act as a buffer for you when dealing with the Sellers, Listing Agents and anyone else who is not obligated to look out for your best interests.
- A highly qualified negotiator to get you the best possible terms on your next home.
- Someone who can be honest with you when it is in your best interest. To encourage you to be objective and compromise when needed so you don’t miss out on “the home that got away.”
- Someone to help you think out of the box when structuring the offer/contract so you get the great benefit possible.
- And last but not least… Someone to celebrate with on Closing Day!
If you are ready to purchase your first home or your next home and want to be represented by your own Buyers Agent, please feel free to contact me at 251-490-0642 and email@example.com. You can also contract my partner Amber Frasier at 662-251-5854 and firstname.lastname@example.org. We would love the opportunity to work with you in purchasing your home!