If you will be buying a home soon, you should understand buyer representation


If you will be buying a home soon, you should understand buyer representation
By Scott Rogers • March 15, 2016
If you are purchasing a home, before you call the listing agent to see that home, you should understand a bit more about buyer representation. In representing you as a buyer in your home purchase, I will be performing tasks such as: assisting in your home search providing data about each property explaining financing options creating a negotiation strategy drafting and presenting offers researching restrictive covenants, etc. coordinating property inspections coordinating property appraisal conducting final walk-through preparing for settlement answering questions and providing counsel and guidance as needed Virginia requires me to have a written agreement with any buyer to whom I provide any real estate advice or counsel. You should also note that it is possible that you will fall in love with a property where I already represent the seller. As we tour homes, I will tell you whenever I represent the seller of a property we are viewing. If you want to make an offer on such a home, we'll have two options: You can work with another Realtor in my office to fully represent you as a buyer. I can continue to represent the seller as a client, and work with you as a customer. In Option #2 above, I cannot advise you on negotiations, repairs, or in a dispute. Each year, I have multiple buyers who choose each option. Some buyers choose Option #1, because they want advice and guidance on pricing and negotiations. Some buyers choose Option #2, because they intend to make all negotiating decisions independently. If you decide you want to purchase one of my listings, we will discuss and determine a new game plan. Of note - my compensation for representing you will be paid by the seller's real estate company or by the seller. Beyond buyer representation, there is a lot more to know about and think about regarding the home purchasing process. Read more at.... Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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