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What is a "Buyers' Agent" and why should I have a Buyers' Agent represent me when purchasing a home or real estate?

Sun, Oct 31st, 2010
Posted in Ask the Expert

  A Buyers Agent is a licensed real estate professional that will represent you and will keep your information confidential. An experienced agent is a big advantage as a resource person to gather information about a property and experienced in negotiations. The Realtor should have experience and be able to walk you through the process.

  Buying real estate can be complicated and for most of us is the biggest investment we will make in our life time. A Buyers Agent has the listings from all companies at their fingertips through the cooperative agreement called the Multiple Listing Service . The Realtors website is updated more frequently and offers more detailed information than the public sites.

  Committing to one agent is a big advantage, that agent will be dedicated to working for you. Your agent will set up appointments and answer questions you may have regarding all aspects of real estate. The agent is usually paid out of the transaction, splitting the a commission with the sellers agent. If a property is a For Sale By Owner it is not uncommon for a seller to offer a Buyers Agent Commission in hopes of opening that opportunity.

  But the basic rule in real estate is that all properties are unique. Homes differ and so do contracts, terms such as; financing options, inspection requirements, disclosure requirements, and closing costs. Its important to have an experienced agent that can identify red flags, and explain "safety nets" that protect you as you enter into negotiations when purchasing a property. The Realtors job is to educate you, so that you are able to make the decisions for a successful negotiations enabling you to purchase the property you wish to own.

25 Center St. W, Harmony, MN 55939

Office: (507) 886-4221

Toll Free: 888-839-2142

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