What Buyers Need To Know

In a competitive market, sometimes buyer's think they can do better by going directly to listing agents. I thought I would share a few points with you on the advantages of having a buyer's agent vs. going to a listing agent.

 1. A listing agent has a fiduciary duty to the seller, that duty includes doing everything they can to get the best price for the seller. Although it is typically not illegal for the same Realtor to represent both the buyer and the seller in the same transaction, it may not truly be in the best interest of the buyer.

 2. In addition, trying to go to the sellers agent is not a unique idea. Chances are there are other buyers trying the same approach. If a listing agent is writing an offer for them they may also be writing an offer for other buyers. The agent has no loyalty to the buyer; their loyalty is to the seller (by contract).

 3. Some Buyers think it will save them time by having is a Sellers Realtor represent them, thus giving them an advantage. Most cases, this is not true; the compensation the Seller pays is the same whether there is one or two agents.

 4.Sellers who accept offers in which their agent is also representing the buyer often do so because they believe they will be better able to control the buyer due to the lack of buyer agent representation.

 5. Buyers who have buyer agent representation will have a safeguard interest to ensure that the seller and/or the sellers agent is not taking advantage of them. An agent who has a fiduciary duty to the seller may not be as diligent in protecting the buyer.

 6. Buyers who have buyer agent representation will have a professional who is committed to them and committed to finding the home they desire. The sellers agent is committed to selling that particular home for that particular seller with price and terms that are as favorable to the seller as possible.

 7. Many buyers also do not realize a buyer's agent can show any home that is on the MLS. If it's for sale, your agent can show and represent you.

 8. New Construction homes are a seller only representation. If you are interested in new construction make sure to bring your agent with you when you sign up on the list. If you go without your agent at any time whether via internet or in person, chances are you will be in a duel representation.