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Benefits of a buyers' agent in a real estate transaction

If you hope to win as a Buyer you must have Agency representation EQUAL to that of the Seller.

That means having a competent Buyers Agent to represent you. The first thing a Seller does when selling a home is select an Agent and stick with them - Buyers should do likewise!

An Agent's services and expertise are almost always FREE to Buyers, yet many do not take advantage of this valuable resource. Many Buyers prefer to read the ads, make the phone calls and do all the leg work themselves. In so doing, they risk tipping their hand to someone who's job is to get the Seller the highest possible price.

A Buyers Agent retained by you will help you find the property you want, negotiate the lowest price and best possible terms for you, then share in the commission paid by the Seller to his Agent. Truly a win-win for the Buyer - service, information, expertise - all for free!

Using a Buyers Agent easily resolves a common complaint heard from Buyers; annoyance at numerous Agents calling and soliciting their business. Buyers who call only their own Agent don't have this problem as other Agents are not even aware they are looking to buy

What should you look for in a buyers' agent?

Experience and market knowledge - as with most professions, experience pays big dividends in a real estate transaction. An experienced Agent knows the community, the market, the marketing process and how to negotiate and write a contract that protects your interests. Credibility and dedication to service - your Agent should share expertise and market knowledge with you in an honest, straight forward manner. You want a full-time accredited professional whose livelihood depends entirely on their ability to successfully and repeatedly close real estate transactions. Be prepared to give your loyalty in return for SERVICE. Your Agent should deliver market information and new listings on a regular basis. Regular feedback from you at this point is vitally important for your Agent to gauge the level of service you require - every Buyer has a different timetable.

What should an agent expect of you?
Loyalty and regular feedback, nothing more
Always call your own Agent for information about any home that interests you, no matter who the home is listed with! When information is delivered, provide immediate feedback, whether the property interests you or not. This is especially important when they have taken time to research the market and prepare a report especially for you. You have an unsalaried self employed business person working for you free of charge - let them know you appreciate their efforts and they'll likely work twice as hard. Of course the nicest way to say "Thank You" is to refer your friends when they want to buy or sell!

Once you have selected your Agent be fair to any others who offer their service. Tell them you are already represented so they can focus on working with Buyers who need their help.