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Getting Proper Representation As A Home Buyer
Having a buyer's agent is the best way to get proper representation when buying a home. There are many good reasons to hire a buyer's agent,[link widoczny dla zalogowanych], but the best is that it will not cost you any extra money.
You have finally decided to buy a home. You have done your homework, made sure your credit will work, and you know the area you want to live in. Now, it is time to look for your dream home. With signs,[link widoczny dla zalogowanych], listings, sellers with Realtors and agents on their side. It can be intimidating and confusing.
If you take the time to hire a top of the line buyer's agent you will find that you will save yourself a great deal of time, hassle, and possible long term money pit problem. A representative with your best interest in mind will make it possible for you to not only find good deal faster, but also know when the deal you are looking at is bad.
A buyer's agent has a fiduciary responsibility to their client. They ethically need to represent their client to the best of their ability. This includes several different steps they will take to provide you the best service possible.
Here is the run down of what a buyer's agent can do for you.
1. Help their client find the home that meets the needs and expectation of the client to the best of their ability. They can use their tools to get you up to date, and hot listings. This is sometimes even before the listing hits the open market.
2. Get the best possible price and terms for your real estate transaction
3. Make sure that an inspection of the house and property is completed
4. Disclose all material facts about the house and property. This would include:
A. Bad roof
B. Bad plumbing
C. Easement issues
D. Irreparable problems with the neighborhood,[link widoczny dla zalogowanych], or home. This could be a cracked foundation, railroad tracks, freeway entrance issues etc.
5. Discuss the contractual agreement if there is one, and negotiate the conditions and terms of that agreement. Remember that if you sign an exclusive agreement, the agent gets paid even if you find the home yourself.
6. Help you read and understand the closing costs, final fees,[link widoczny dla zalogowanych], and purchase price.
How does the buyer's agent get paid if you do not pay them you might ask? Well in a since, you are paying them. However, you will be paying that money either way. When the home is sold, the Realtor or agent on the seller side gets a commission. This is usually 5-6 percent of the total price that the house sold.
When there is a buyer's agent that amount is split after the cost of advertising is deducted from that commission amount. If there is not an agent, then the Realtor or sellers agent will receive that entire commission.
When you take into consideration that most homes that are sold by a Realtor or agent sells for about 12% more. Then as a buyer, it is you who will be paying that. This is why it is so important to have an agent on your side to help you negotiate the price that is fair for you.
A buyer's agent is the representation that will make all the difference in your real estate transaction. Imagine having the listings brought to you of homes that are new for viewing. Then having a person make sure that the home is safe, and selling at a fair price. Finally to help you negotiate and complete the process in a timely manner and with little to no work from you. Best of all, this money is going to be going out anyway. Why not have it for your benefit and representation. Chuck Lunsford is the content manager for Tina Abraham, a leading real estate broker in Wilmington, North Carolina. Tina specializes in selling homes in Wilmington, Greater Wilmington, Pender County and Brunswick County, which are some of the highest demand homes in the world. Visit us for more information on Tina and how she can help you buy or sell Wilmington, NC real estate, or call (910) 790-7484.Topics related articles：


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