Why Hire a MA Realtor to Represent Your Interests
First time home buyer? Would a home buyers guide help? Looking to buy a house and want a Buyers Broker? Why would you want a buyers agent? First time home buyers, as well as many experienced real estate buyers, frequently believe the Realtor selling the house or another real estate agent that brought them to a showing is working in their interest.
One of the most important issues discussed on this site is the discussion on agency. Many home buyers believe that the Agent with whom they are working represents them and their interests. Unless there is a Buyers Agent Agreement in force this is absolutely not true.
Real Estate Agents, unless specifically disclosed otherwise, represent the seller in any transaction for the sale of a home. It is that Real Estate Agent's fiduciary responsibility to protect the seller's position at all times.
This fact has tremendous implications for the home buyer. A buyers broker, sometimes referred to as buyers agent or buyers rep, has responsibility to the real estate buyer, not to the property's seller. The seller is paying two Realtor's commissions: one for the Listing Agent and another for the agent who brought the buyer in. They are required by law to look out for the sellers interest.
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------------------------- We offer Buyers Broker services to clients FREE. If you are interested in being represented by a home buyers agent, whether first time home buyers or experienced investors, call or email us today!
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Home Buyers Guide & Resources
Buyer's Place @ Home Sales RI |
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Buyer's Agency may be an option. It allows the Agent you are working with to represent the home buyer and therefore to put your interests first. We offer this service in Rhode Island and Southeastern Massachusetts.
It is important to understand that if the Agent represents the seller they cannot legally disclose certain things to the home buyer:
- The reason for selling the house, unless the seller specifically authorizes it. This might influence the offer price you make, as the buyer.
- Any concessions, in price or otherwise, that the seller may be willing to make. If a seller is motivated, they may be willing to sell for less, or improve certain aspects of the house, so as to expedite the deal.
- Conversations between the seller and the Agent can often reveal things that would adversely effect the strength of the seller's position. The seller is protected from this risk by the fact that the Agent represents their interest, and cannot disclose things detrimental to the seller.
- Any information that gives the home buyer an advantage. This includes a CMA (Comparative Market Analysis) that could put the seller at a disadvantage.
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Buyer Agency evens the playing field. If a Buyer's Agency agreement is in force between you and the Agent, you have representation from the Agent you are working with. Buyer's Agent representation includes at least these benefits:
- The Agent can create a CMA (Comparative Market Analysis) for the property you are interested in purchasing, revealing what price similar properties in the area have sold for.
- The Agent can disclose any and all information regarding the seller that the Agent has discovered, including reasons for selling, potential concessions, or other information that may be to the buyers advantage.
- Information about property values and trends that may influence your decision about a certain area.
Contact Us to request a Buyers Agent in your area - at NO cost to you!
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