by Kent Braaten
on Tuesday, July 16th, 2019 at 11:06am.
When a relationship is created between the purchaser and real estate agent, the agent must work in the buyer client’s best interests at all times.
Purchasers receive the same level of representation traditionally given only to the seller. Here are just a few of the benefits received from having your own personal buyer’s agent when purchasing:
Confidentiality – There agent you hire to represent you will not disclose confidential information without your permission to do so.
Loyalty – The buyer’s agent must work in the buyer’s best interests at all times. This means that the agent does for you what they would do for themselves in a transaction.
Full disclosure – The agent you hire to represent you will fully disclose any information gained form the seller or the seller’s agent that could be used by you in the transaction.
The buyer’s agent will search for all available properties. This includes For Sale By Owner, unlisted properties, new construction, foreclosures and others. A buyer’s agent’s job is to locate satisfactory properties for their client.
As the agent goes through the properties with you, they assist you in determining their strengths and weaknesses, allowing you to make informed comparisons. A lifestyle analysis is to be performed to determine whether or not the property would suit your particular needs.
The agent you hire to represent you in the transaction will do a market analysis on the chosen property and provide you with an offering range. They then set a negotiating strategy for you to assist you in acquiring the property at the lowest price and best terms possible for you situation.
The buyer’s agent will complete an offer to purchase that is “buyer friendly” and contains the contingencies and protective clauses required.