f you’re considering homebuyers visit an “Open House”
buying a home, condo or by themselves, and without an
other type of real estate, agent to represent them. In most
then you should know about the cases, the person who greets them
benefits of having a buyers’ at the home or condo is the
agent. Buying real estate is a seller’s real estate agent. The
complex process with many details goal of the seller’s agent is to
that need to be accomplished. The get the best price and most
sole responsibility of a buyer’s favorable terms for the home
agent is to only represent the seller. Any information revealed
buyer’s interest in a by homebuyers in conversations
transaction. with the seller’s agent is likely
to be used in by the seller’s
When dealing with a Real Estate agent to help the seller. For
Agent, it is important to example, if a buyer inadvertently
understand whom they represent revealed that they “loved the
before starting any substantive home” and were willing to “do
discussions. In some cases, an what it takes to get the house,”
agent represents only the buyer then the seller would have
(called a buyer’s agent), or only sensitive information that would
the seller (called a seller’s or give them an advantage in price
listing agent), and in rare negotiations. While this is an
circumstances, a single agent may extreme example, its not uncommon
represent both parties (known as for buyers to inadvertently
a dual agent). reveal sensitive information that
actually diminishes their ability
Understanding whom an agent to negotiate the best deal.
represents can help homebuyers
avoid some common mistakes. Take The responsibility of a buyer’s
the example of a situation where agent is to solely represent the
interests of a home buyer. property or neighborhood.
Research conducted by the 7.Advising you about an offer
National Association of Realtors price and other terms contained
suggest that when a home buyer in an offer to purchase a
uses a buyer’s agent, prospective property.
buyers saw more properties and 8.Preparing and presenting your
found a home faster then when an offer to the seller or their
agent was not used. agent and negotiate on your
behalf to get the best price and
A buyer’s agent should serve as terms possible.
your guide throughout the entire 9.Provide you relevant referrals
home buying process. The kind of for attorneys, movers, trade
services you can expect from your professionals home inspectors,
buyer’s agent include: etc.
10.Serve as your guide for
1.Understanding your home needs information throughout the entire
and requirements. home buying process.
2.Helping you identify what you
can afford. While all the services a buyer’s
3.Helping you prepare information agent provides is beyond the
needed to pre-qualify for a home scope of this discussion, the
loan and help you obtain list above identifies the major
financing. benefits that a buyer’s agent
4.Identifying properties for you should provide. In many states,
to visit that meet your needs and the commission or fees charged by
requirements. a buyer’s agent is actually paid
5.Accompanying you on property by the home seller, so there is
visits and showings. no reason that a buyer should not
6.Advising you about any known take advantage of this free
defects or problems with a service. In less common
situations, a buyer may directly If your considering buying a
pay for the services of a buyer’s single-family home, condo or any
agent. Be sure to clarify this other type of real estate, then
issue when discussion consider getting represented by
representation with a buyer’s obtaining the services of a
agent. buyer’s agent.
About the Author:
San Diego Buyers Agent
Point Loma Homes
Scripsp Ranch Homes
Read more articles by:
Real Estate Pros
Article Source: www.iSnare.com 
