Monday, April 04, 2016 / by Jason Huerkamp
Firstly, buyers think they may be able to negotiate a bit on the price of a home and save some money by using the Seller's Agent. That's not the case. The Listing agent will earn both sides of the commission, which is set out in the listing agreement. The Seller pays the agents fees, it does not cost the buyer any extra to have their own representation.
The Buyer's agent will help you find the type of home you are looking for. They will also make sure that the house is realistically priced and that you are getting value for your money in the area you choose to live in. They will be the level headed non emotional part of the transaction who will fight for your best interests. That's their job.
The buyer's agent is responsible to get the property disclosures list for you. This is a vital document when choosing a home. If there are issues with the property and the Seller knows about them, they will be on this document, an important part of your home purchase agreement.
When it comes to protecting your privacy, your buyers agent is there for you. They will not divulge important and private information to the Selling agent which could be used against you in the transaction.
Negotiations are important. It's not just about price, it often comes down to negotiations about home inspections, property valuation reports, repairs, movable assets and more. A real estate agent knows how to handle those tough deal breaking negotiations and she is looking for your win in the transaction.
The transaction, paperwork, the attorneys and the agreement, including clauses such as "time is of the essence" is overseen by you real estate agent. They are able to work with all parties to ensure a smooth closing.
Your buyer's agent will walk through the house with you before closing and be sure that everything in the contract is there and that the home is in the same of better condition than when you bought it.
After the sale, the buyer's agent is there to be sure that you are happy and that the home is everything that you dreamed of. They are there for you, long after the sale.