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As part of a mutual agreement, you can elect to create a buyer agency relationship between us that will entitle you to fiduciary client level services that include:
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Showing you all properties available for sale, not just those listed with Realtors.
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Negotiating on your behalf.
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Completing a "market evaluation" on properties in which
you are interested in order for you to determine a price amount to offer.
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Incorporating protective clauses in the purchase contract to protect you.
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Finding the best property for you.
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Representing your interests throughout the entire transaction.
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How much will a buyer’s agent cost me?
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Typically the fee is built into the sales price of the home. Most listing agents,
sellers and builders allocate a percentage of the sales price as a commission to the
selling agent. In the past, the buyer paid a price which included the real estate fees of
the listing agent and the selling agent, both of whom represented and negotiated for the seller. Today, the buyer can choose to work with a Buyer’s Agent.
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Won’t I get a better deal if I buy directly from the listing agent?
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NO! The listing agent owes his or her loyalty to the seller and cannot legally help you get a better deal. Although some buyers believe that the listing agent should be willing to take a lower commission because he or she does not have to share with another agent, they fail to consider that the listing agent has twice the amount of work if there is not another agent available to help, so the listing agent may still not be willing to give up commission.
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If I’m building a new home, how does a Buyer’s Agent help?
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Building a new home is no different than buying a "previously owned" home -
you still need to be represented. A Buyer’s Agent wants you to buy the house
that best fits your needs; anon-site sales person wants to sale you a home built by his/her boss - the builder. A Buyer’s Agent can also help you negotiate on the price of the home and the terms, determine the best lot for resale value, weigh the pros and cons for the different builders and watch the building process to ensure your concerns are addressed.
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What other differences can I expect from a Buyer’s Agent?
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When you are represented by a Buyer’s Agent, the entire home finding process should change. Rather than trying to sell you on the good points of a prospective home, a Buyer’s Agent will provide you with unbiased feedback on all aspects of your property, both positive and negative. A Buyer’s Agent should also prepare a contract that offers the buyer better terms and conditions and that suspends dates for settlement and moving that favor the buyer. A Buyer’s Agent will also look more diligently for a home for you and should open up additional home finding possibilities for you, such as for-sale-by-owner properties and properties not yet on the market. A Buyer’s Agent will protect your interests should any problem arise during home inspections and will negotiate in your best interest any time there is a need to reopen contract negotiations.
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