What is a Buyer’s Agent?

There are two general types of agency involved with the purchase of a home, the listing agent and the selling agent.  The listing agent is the realtor who has listed the property as being for sale.  The selling agent is the realtor who actually sells the home to the buyer.  In both of these instances, the realtor is ultimately working to sell the home.  This is after all, how they make a living.  However, you can make one simple step to ensure a realtor is working for you the buyer.  Get a buyer’s agent.

A buyer’s agent is a realtor that works exclusively for the buyer.  But there they are also so much more than that.  Only members of the National Association of Realtors can claim the title of Realtor.  And only members of the Real Estate Buyers Agency Council can call themselves an ABR (Accredited Buyers Representative).  An ABR has gone through intensive, specialized training in the process of buying a home. These agents hold to a code of ethics that hold the professional to high standard of conduct.

Having an ABR buyer’s agent work for you can lower your risk of losing money throughout the buying process.  He or she will make recommendations that will assure that you are buying a home that is safe, environmentally sound and priced fairly according to the current marketplace. 

Don’t be surprised if you are asked to sign a contract of commitment for a set period of time to work exclusively with this particular ABR buyer’s agent.  This can actually be a very good thing.  A Realtor does not get paid until the sale of your home closes.  This means your agent is focused on helping you meet your goals, or they won’t get paid.  Now consider that Realtors have information on homes in the marketplace that you the buyer do not, such as the latest homes for sale and price changes.  As a committed client, you will have access to that information first. 

Once you find that dream home, you will want a professional on your side helping you negotiate the finer points of the transaction; handling the forms, contracts and paperwork that needs to be processed; and dealing with any challenges that come along the way.  Don’t let the purchase of your dream home turn into a nightmare.  Work with a professional, Accredited Buyers Representative.  You’ll be glad you did.

Advertisements

Tags: , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: