Representation
There are many benefits to working with a Buyer Representative when starting your buying process. A Buyer Representative will represent your best interests- Locating suitable properties
- Previewing properties
- Verifying the condition of the property
- Suggesting necessary inspections by experts
- Helping determine what you can afford
- Verifying property taxes and utilities
- Verifying the value of the property
- Advising clients on structuring an offer
- Presenting the offer to the sellers' representative
- Negotiating favorable contract terms for the buyer
- Explaining legal documents needed for closing and helping secure them
- Assisting in securing financing
- Assisting buyers and their attorney in clarifying title, zoning, building codes, and access easements
- Providing references to qualified vendors
- Analyzing the future saleability of the property
What is a Buyer Representative?
A real estate licensee is hired by a prospective buyer as an agent to find an acceptable property for purchase and to negotiate the best possible price and terms for the buyer. The agent represents the buyer's best interests throughout the transaction. The buyer can pay the agent directly through a negotiated fee, or the buyer's agent may be paid by the seller or a commission split with the listing agent.