Most home buyers work with real estate agents.
Why? Because the largest percentage of homes for sale are listed with agencies, giving buyers a larger selection of homes to choose from. You might decide to use a real estate agent even if you plan to buy a for sale by owner home.
Buyer's agent duties and loyalties
What should a home buyer expect from a buyer's agent?
- Home buyers should be able to expect loyalty and confidentiality from a buyer's agent.
- The agent should promote your best interests and provide you with all available facts that could influence your decision about making an offer for a home.
- A buyer's agent will offer research materials that help you make a realistic offer.
- A buyer's agent should give you the "what if" scenarios about the clauses in a contract.
- The agent may recommend additional contract contingencies to protect your interests.
- A buyer's agent should track and handle many of the day-to-day needs required to get to closing (such as inspections, helping you find a lender, tracking the progress of the loan, working with the closing attorney or agent).
- A signed a contract to represent a buyer in a home search and sales transaction.
- Buyer's agents should not disclose confidential information about the buyer to the seller or seller's agent.
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