If you’ve never bought a home, or if it has been some years, you may not know that Representation by a Realtor for a Buyer is a formalized agreement, just as a Listing Agreement is a formalized agreement between seller and agent. While buyers may easily find homes on line and make contact with the listing broker to view the home and even write a contract to purchase the home, they will be doing so without the benefit of the knowledge, expertise and guidance of an agent who is dedicated to representing that Buyer. A Buyer’s Representation Agreement spells out the services that the agent will provide, and also what expectations are for the buyer. If you are not well acquainted with, and completely comfortable with your agent, the representation agreement period can be for a short period of time, a day, a week or for whatever time you may specify.

In most cases, the buyer will not pay anything for the representation of the Buyer’s Agent. Usually the Agent’s fee is paid by the seller. Sometimes an unrepresented Seller may not be willing to pay the Realtor’s commission. In that event a Buyer may choose not to be shown homes in that category.

An experienced Realtor representing a Buyer can save time in finding properties that meet specific needs, work diligently to negotiate the best price and terms and provide sources of Lender’s who offer great rates along with great service as well as qualified home inspectors, closing attorneys, insurance options and more.

Don’t go it alone. Take the team approach. Happy House Hunting.

Posted By: Frances Garner

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