Arizona Buyers Agent
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Why Choose Buyer Representation? Until recently, real estate agents always . |
What is a buyers agent?
A buyer agent is a licensed real estate agent who searches out, locates and negotiating the purchase of property by a prospective buyer in the purchase of real estate.
More and more consumers are enlisting the services of buyer’s
advocates to help them find and purchase their dream home or investment property.
Consumer advocacy groups have endorsed such representation, and licensing
laws in virtually every state are now being reformed to enable and encourage
representation for the buyer. Whether you're a first time buyer or an experienced
buyer, it is good to know that your real estate agent has your best interests
in mind as
you select a home.Buyers Agents have a legal responsibility to the buyer only.
Unless your real estate agent is representing you as a buyer agent, that agent
is working for the seller.
Isn't the agent who shows me homes representing me?
Don't count on it. Until recently, real estate agents always
represented the seller, not the buyer, in real estate transactions. Even that
real estate agent who drove you from house to house looking at properties
was not working on your behalf.
By law, the agent was always required to get the highest price and best terms
possible —for the seller! Unless you have a written Agency Agreement,
the Law of Agency, as defined by federal and state courts, specifies the contractual
relationships that are formed when property is bought and sold. Agents listing
property enter into assigned contract with the sellers to represent them in
the sale of their property. This same contract permits the listing agent to
use"sub-agents" to help secure a sale. Unless you have a written
Agency Agreement with a real estate agent promising to represent YOUR best
interest, the agent showing you homes should be considered a sub-agent working
with the listing agent to obtain the highest possible price for the seller.
Exactly how does The Buyer's Agent save me money?
By working on our client's behalf, we are able to assure that
you have the opportunity to:
1. Pay no more than fair market value for your new home. Performing a Market
Analysis on the subject home to determine its value. Negotiating with new
home builders and developers.
2. Since a Buyers Agent represents the Buyer - not the Seller in the transaction,
we can provide access to the entire real estate market Showing properties
not in the Multiple Listing Service including FSBO, Bank Owned, Corporate
and expired's.
2.Include repairs and corrections in the contract Negotiations.
3.Obtain the most favorable mortgage.
4.Obtain the best rates on home warranties and insurance.
If you work on commission, why would you try to lower the price of a house for me?
If we save you $10,000 on the purchase of your home, The Buyer's Agent would only earn approximately $150 less commission. Your goodwill and word of mouth advertising will be worth much more than this, not to mention our legal obligation to represent our client's best interest.
When you say there is no costs to home buyers, how do you get paid?
The buyer's agent is paid from the transaction commission. This is the same commission which the seller agrees to pay his listing broker. Most listing brokers agree to pay a "co-operating" fee to any broker or real estate agent who obtains a buyer for the seller's property.
This is the same commission amount that would be paid to any
real estate agent who obtained a buyer for the seller's property. So it doesn't
cost the buyer any more to be legally represented by a buyer's agent. In fact,
many times it will cost the seller less, because the buyer's agent is working
to get the property at the lowest possible price for the buyer!
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Arizona Buyers Agents Finding You the Finest Custom and Luxury Homes