1. The listing agent cannot give you any specific advice on how much to offer or what contingencies to include in the purchase contract. He/she can write a contract for you but, buyer beware, it will most likely favor the seller. The best advice I can give you on this bullet point is to avoid calling the agent on the sign out in front of the house you just drove by and fell in love with. Why? Because that agent works for the seller.
2. The listing agent will not negotiate on your behalf. They already have a client, and it’s not you. That listing agent does not work for you. I can’t stress it enough. As a buyer, be sure you have representation of your own. Hire your own agent. It’s not going to cost you anything. Real Estate commissions are typically paid by the seller.
3. A good buyer’s agent will run a market analysis for you and give you their qualified opinion of fair market value, and then negotiate on your behalf to get you the best deal possible.
4. A buyer’s agent will help to protect your rights. As a buyer, you have rights. What rights do you have? Things like “Right to Inspect / Right to Cancel”, the right to include an Appraisal Contingency, Loan Approval Contingency, WDO contingencies, etc…
5. A buyer’s agent can help guide, direct, and make sure you have a complete understanding of the process and the steps to close. In a typical purchase contract there are timelines and deadlines for accomplishing tasks along the way to be sure closing is not delayed. Tasks include things like escrow deposit, inspections, loan applications, appraisals, surveys, and so on…
Remember, in a Real Estate transaction, you’re dealing with legally binding contracts. If you sign an agreement and do not live up to the terms and conditions within that agreement, you could be subject to a law suit. It is absolutely in your BEST interest, as a buyer, to have a qualified, experienced professional working FOR YOU. Hire a buyer’s agent!
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Helping buyers and sellers discover the secrets to successful transactions so that everybody wins. - USMC Veteran
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The Mission: Superior Customer Service
Helping buyers and sellers discover the secrets to successful transactions so that everybody wins. - USMC Veteran
In Partnership with:
RE/MAX Interactive Realty