Many prospective real estate buyers don't realize that if you don't have a signed Buyer Representation Agreement, the real estate agent you're working with represents the SELLER! Because of this, your agent is limited to providing general real estate counsel, such as:
- Arranging property showings
- Providing accurate information
- Explaining forms & agreements
- Monitoring escrow & closing
When you have a Buyer Representation Agreement, your real estate agent works for YOU! There are many benefits to this type of relationship. Your realtor can now provide additional services, including:
- Give you advice & counsel
- Keep your bargaining and financial position confidential
- Promote and protect YOUR best interests
- Negotiate the best price and terms for you
- Point out reasons NOT to buy
- Pass on information that may enhance your bargaining position
- Assist in writing the offer with your best interests in mind
- Present both listed and unlisted properties
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