Andrew And Associates

What is a Buyer’s Agent?

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Many people are not aware of what a real estate buyer’s agent is. Simply stated, a buyer’s agent is a real estate agent that represents the consumer who is purchasing a home or property. This agent has the responsibility to represent and protect the interest of the buyer. They have a fiduciary responsibility to be trustworthy and loyal to the homebuyer. The buyer’s agent has the complete buyer’s interest in mind throughout the entire real estate transaction.

A buyer’s agent is paid by commission at the close of the transaction. This commission is paid through a negotiated fee with the buyer or by the buyer’s commission based on the sales price of the home or property. Prior to viewing properties, it is very important that the consumer discuss the buyer’s agent commission up front and agree to the terms. Normally, there is a written agreement of contract used to clarify the compensation and responsibility of each party throughout the real estate transaction.

In some states, laws have already been enacted by the legislature to protect the buyer to the point that without a written agreement, the real estate agent represents the seller throughout the complete transaction. Be sure to discuss this with your real estate agent in detail before you begin searching for homes or property to purchase.

There are many advantages to using a buyer’s agent. Your buyer’s agent will:

1. Help you evaluate your specific needs and wants. Then, he/she will help you locate properties that fit your needs.
2. Help you view properties of interest. Often, this may be on a computer. This can save you a lot of time and effort. Then, when you decide which properties you want to actually see, he/she will accompany you to view those properties.  
3. Once you have an interest in a property, your buyer’s agent will research the property to help identify any problems or issues that may exist. An informed buyer is a wise buyer. You need to get as much information as possible before making an offer on a property.
4. Present your purchase offer to the seller’s agent. As your representative, he/she will negotiate and work for you as if you were present to help you get the best possible price for your purchase.
5. Review and consult with you on all the legal documents involved in the real estate transaction. He/she will carefully explain, in layman’s terms any legal descriptions of items that are not clear.
6. Assist you in getting financing for your purchase. He/she can recommend a competent and trustworthy lender.
7. Have a resource list of potential vendors to help facilitate your move. This will include home inspectors, movers, attorneys, etc.

When you work with a good buyer’s agent, you will have the peace of mind to know that you are represented by a trusted and reliable real estate agent throughout the entire transaction.

Choose your agent wisely. Working with a full-time professional real estate agent is a must. Ask questions of your agent.  Find out how knowledgeable he or she is about houses currently for sale in your price range and also of houses that have recently sold.  Can your agent recommend a good lender that has the reputation of excellent customer service and low rates?  Does your agent ask questions of you to have a full understanding of what you are looking for to help you get the most home for the money?

Do you have questions or need advice you can count on or just want to discuss this further?

Don’t waste any more time; pick up the phone and call me now!  I’m here to help!

I offer a five star guarantee. I appreciate your business, loyalty, trust and referrals. My goal is to provide the very best counsel and advice to meet your real estate needs. If I can assist you, a relative, friend or co-worker, please give me a call. I look forward to the opportunity to serve you.

For prompt, courteous, professional service, call Larry Andrew: