Is “your” agent really working for you? Now home buyers have a choice at Denver home buyers' agent website.
(PRWEB) February 12, 2005 -- For a lot of good reasons you wouldn’t go into a contested divorce proceeding without an attorney, or worse, take the advice of your spouse's attorney.
Why, then, would you buy a home -- an adversarial process regardless of how friendly everyone involved in the transaction seems -- without someone on your side? At www.DenverRealEstateToday.com home buyers now have someone on their side, with full home buyer representation. Oh, you thought home buyers have always had representation? Well, think again.
As a buyer you are not represented unless you've told the real estate agent who is showing you homes that you want that agent to represent you as your "buyer’s agent." If you haven't, "your agent" could be representing the seller.
Recently more home buyers have been asking, "Who represents whom?" As a result, many are opting to be represented by a buyer's agent to take them through the process, from house hunting to closing. The greatest thing about this is it doesn't cost the buyer anything and often saves them thousands.
Why would a seller agree to allow nearly half of the commission to go to a buyer's agent who is representing a buyer against the seller? Simple -- the seller wants to sell. And as some real estate agents note, the transaction really funds the commission. Yes, the seller is paying the commission whether or not the buyer has their own representation, so the buyer is already paying the commission in the price of the home. The whole idea here is fairness: If the buyer is bringing the money to the table to buy the house, shouldn't that buyer have representation of their own? Finally, after nearly a century, the answer is yes.
Why choose an exclusive buyer’s agent? While any agent will arrange property showings, suggest sources of financing, provide accurate information, explain the forms and agreements, and monitor the entire process, a buyer's agent will perform services for you that many seller's agents legally can't, such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you rather than the seller as in most standard contracts; and keep confidential any information that could hurt your bargaining position.
Many home buyers have made that choice now and now employ a home buyer’s agent for representation when buying their next home. Buyers shouldn’t leave home without one.
# # #
|
