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What is Buyer Agency?

There's no doubt the Internet is the best thing that's happened to the real estate business since the cell phone. It makes it possible for brokers to provide information to consumers much faster and in greater detail than ever before, however the Internet cannot consult, search the whole market, evaluate & investigate, advise, negotiate or represent you at closing. Those are fiduciary responsibilities that only a Buyer's Agent can deliver.

In a buyer agency relationship, you choose to commit to working with one real estate agent who then has a fiduciary duty to represent your interests above and beyond the interests of all other parties involved in the transaction. A buyer agent's fee is almost always paid by the seller so your out-of-pocket investment is usually nil. Your buyer agent will assist you with planning, locating and evaluating property, negotiating price and terms, financing, inspections and more. Whether you're a first-time home buyer or an old pro at real estate, you owe it to yourself to have a buyer agent on your side dedicated to navigating the complexities of your real estate transaction.

A buyer's agent can show you any home that's listed in the Multiple Listing Service. A buyer's agent can also introduce you to builders and assist in negotiating building contracts. To find out more about how a buyer's agent can help you find the home of your dreams, contact us today at (563) BUY-SOLD (563-289-7653).

Benefits of Using a Buyer Agent

The chart below quickly summarizes the advantages of benefits of using a buyer's agent to purchase a home or condo. Note that only a buyer's agent can show a buyer pocket listings (homes not yet available to the general public), For Sale By Owner properties, or Coming Soon properties. And only a buyer's agent can advise you on pricing, negotiate on your behalf, and point out reasons why you should consider not purchasing a certain home. In short, a buyer's agent will place your interests above the interests of all other parties in the transaction...for FREE!

Description of Service or Duty

Seller’s Agent

 Buyer’s Agent

Arranges property showings

Assists with financing

Provides accurate information

Explains forms & agreements

Monitors escrow & closing

Exposes buyer to the entire market (listed & unlisted properties)

 

Gives advice and council

 

Completes thorough analysis of a subject property before making an offer

 

Negotiates the best price & advises buyer how best to structure the offer

  

Points out reasons not to buy

  

Negotiates on behalf of buyer to help obtain the target property. 

  

Promotes and protects the buyer’s best interests

 

 

 

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