What is a Buyers Agent?
A buyer's agent is an agent who works directly for the buyer. A
recent change in the law allows the buyer of residential real estate
to hire an agent to work for them. Interesting concept; you would have
thought that this relationship already existed.
Do you need a buyer's agent?
Purchasing real estate is a complex and major transaction with many
details to be handled. In the majority of cases the seller will be
represented by an agent. Wouldn't you want to have complete and fair
representation in your real estate transaction?
Accredited Buyers Representative (ABR)
When choosing a buyer's agent to represent you why not pick one of
the best? Choose an agent with an Accredited Buyer Representative
(ABR) designation. This designation is considered the benchmark of
excellence in buyer representation. The National Association of Realtors
awards the ABR designation to real estate practitioners who meets
their specified educational and practical experience criteria.
Benefits
Being able to ask a buyers agent for advice and consultation provides
peace of mind. Having a knowledgeable real estate person in
your corner serves to assist you in setting the offering price and
structuring other terms of the offer. A buyer's agent will be able
to share information as he becomes aware of it. Examples include:
- Whether the seller would accept a lower price
- The seller's motivation for selling and their time table
- How long the home has been on the market
- Previous offers and counter offers for the property
- Strengths and weaknesses of the property
If you want to make a smart buy,then you need an ABR as your buyer's
agent. Whether you are a first time buyer, unfamiliar with the neighborhood,
buying an investment property or relocating you will be best served
by Ed Geist, ABR as your buyers agent.
The COST
What is intriguing for the buyer is that representation
typically does not cost anything !! That is right - nothing ! The
buyer agent's fee is typically developed from the commission paid
by the seller. You receive a trained professional real estate agent
to represent you, but at no direct cost.
The Result
If you want an agent to fully represent your best interests, help
in evaluating a property, or to negotiate on your behalf to obtain
the best price and terms then call Ed
Geist, ABR to be your buyer's agent.
