By: Julia Aidan
Submitted: 2008-12-07 02:33:01 | Word Count: 480
People do not buy a house every day. This is why it needs to be done with a lot of care. Because we are way too enthusiastic during home purchase, there is a fair chance that we might overpay for a property. People have different aims, they may look to buy an investment property, they may be looking for their first house, a vacation home or they may look to buy their dream house. Fore all such reasons, it is important to align to an agent who is exclusively yours, a real estate buyer agent fills this role in today’s property market.
Now, let’s understand a few things first. A dual agent works for both the sides, they are contractually obligated to both sides and therefore they can not represent the buyer with the vigor required for a such a large purchase. The seller will quote you the highest possible price for a home purchase. Further, it is not his onus to tell you about any loophole in the property. Thus, he would look to hide any such deficit from you. All that it means is that you stand a chance of being swindled. Further a listing or a dual agent works on commission which means the higher price you pay for home the higher income he makes. The rest is 2 + 2=4 calculation.
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This is where a real estate buyer agent comes into the picture. His loyalty is not two forked. He completely represents your interests. This is why he can be very effective in saving your money, gets the best deal negotiation sorted out and is 100 % in your corner and avoids all conflicting interests. Because he is completely your agent, a real estate buyer agent would also pre-suggest any possible weakness in the property.
Real estate buyer agents do not have their personal listed properties; they do not deal in listed properties. This is why they show you all the unlisted properties and also those which an owner may have put for sale. He tackles everything for you; right from selection to financing to closing a deal. A Real Estate buyer Agent is right there even in sorting out the foreclosure deals. Over all, the chances of getting the best bargain and the best possible deal structure are ensured with their presence.
Still, there are few things which can be pre-discussed with a real estate buyer agent. Make sure you have the right chemistry with your agent so they will be able to help you find a house that will suit your personality and needs. Be aware that most buyers agents will want to get a buyer’s broker agreement signed. It is also prudent to get the difference between an exclusive and a non-exclusive agreement from him.
