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Issues To Discuss When Choosing A Buyer's Representative

Mon, Oct 31st, 2011
Posted in Ask the Expert

Roxanne Johnson

To help ensure a successful home purchase, it's important to first choose a buyer's agent. Narrowing your search to ABR®-designated agents is a good first step. Here are some of the most important issues to consider and questions to ask when interviewing prospective buyer's reps.

 Experience and Credentials: How long have you been a buyer's agent? What real estate designations or credentials do you hold?

 Knowledge: What are your areas of specialized knowledge? Which types of housing or neighborhoods do you know best?

 Representation: What representation choices do I have as a buyer? What is meant by fiduciary duties?

 Services provided: Please explain how you will assist me at each stage of the transaction. Do you have a written buyer representation agreement that details our obligations to each other?

 Compensation: How will you be compensated? Does it cost more to have my own agent?

 Finding properties: Do you have full access to the multiple listing service (MLS)?

 Personal support: Will you personally handle all aspects of my transaction, do you have assistants? Do you explain and complete the various forms, agreements, and steps required to reach closing?

 Negotiating: Will you counsel me on a negotiating strategy and appropriate contingencies? How will you present my offer to the seller?

 Financing: Will you provide guidance on affordability, mortgage options, and choosing a lender? Why should I consider a mortgage pre-qualification or pre-approval?

 Related service-providers: Can you supply referrals for providers of other services related to my transaction, including home inspectors, surveyors, movers and other service providers?

 A Buyer's Agent isn't their to make your decision, I am there to give you the information for you to make the best decision for you.

25 Center St. W, Harmony, MN 55939

Toll Free: 888-839-2142


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