Buyers Agency And The Advantages Of Hiring Your Own Buyers Agent/Broker |
Many people are confused about the duties of a Buyers Agent or why they should consider using a Buyers Agent. Hopefully this post will enlighten and encourage a few to hire their own Buyers Agent. I have chosen to work as a Buyers Agent because I love representing the Buyer and most importantly guiding them through the purchase of a life time. In New York State agents represent the Seller unless a 443 Disclosure form is signed acknowledging different or an Exclusive Buyers Agency Agreement is in place. We are required, at "first substantive" contact to discuss the different types of agency relationships and decide how we are going to work together if at all.
Here are the advantages for YOU the buyer:
1) An assertive advocate works on your behalf to obtain the best deal and terms.
2) Your representative can assist you in aquiring and interpreting information about the property and it's condition as well as the sellers motivation.
3) Your Buyers Agent can work with For Sale By Owner properties and sellers for your benefit.
4) You will be more knowledgable about the market and buying process because you will have access to market experts.
5) A Savvy negotiator is working on your behalf, helping you determine a realistic offer and develop a negotiation strategy.
Why wouldn't you want somebody like this representing YOU? Some buyers prefer to go directly to the property of interests listing agent. Keep in mind that agent represents somebody already and it's not YOU. Another point, any agent working for the Seller cannot disclose anything to a buyer customer (you are a customer until you have acknowledged otherwise with your agent) that might hurt the Seller. This includes days on the market and anything we might know that might hurt the Seller in negotiations.

1. RE: Buyers Agency And The Advantages Of Hiring Your Own Buyers Agent/Broker
Great Blog Post!