Introduction
To make your home searching process easy and efficient, hiring a buyer’s agent is recommended. Listing agent is legally responsible to meet the buyer’s need. So the buyer‘s needs are to be satisfied by both agents (listing and buyers). The listing agent treats the buyers as his client, so the prospective buyers are treated with more care and concern. All the services are provided when you enter buyer-agency relationship. DC Fawcett reviews discusses about pros and cons of hiring a buying agent, his responsibilities.
The duties of the buyer’s agent
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Ensure the information remains confidential and financial details remains within the buyer’s agent. The agent must support and guide the buyers throughout the process.
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The agent must provide solutions when buyer is undergoing any confusion or problem while purchasing a property.
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He must be able to convey all your needs to the seller and his agent as well as find a home that suit all the buyer needs.
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They must help in negotiating the price and ensure the buyer gets the best deal. The properties have to be visited along with the agent.
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Initially the duty of the agent is to do comparative assessment of the properties they visit.
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Once a home is finalized, the agent has to guide the buyer in home inspection.
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The agent should be able to inform and take care of the deadlines, legal formalities, mortgage approval. He should make sure all these are done within the budget and not exceed your financial status.
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If the agent is not having much idea or experience about home inspection, he must appoint home inspectors to make the process easier.
Pros of hiring a buyer’s agent
- No need to pay commission, the seller pays for both the agents.
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The agents are the first people to know about a property even before it appears on MLS.
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The agent might give you information about the neighborhood and facilities available in the area.
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The emotions are too high when you find a home that meets all your needs, to make you feel grounded and lists the drawbacks of the home, the agent help is needed indeed.
How to choose an agent
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Has he got license? Enquire about his reputation and specialty, like what are the neighborhoods he is familiar with? His previous projects? Any suspicious activity recorded previously? How much he charge? What all he does during the process?
Real estate agents are not trustworthy; hence you hire very reputable and reliable agents while buying a home. There are several scams, for e.g. the scammer pretends to be an agent and get all your money and personal information and runs away once amount is credited to his account.
Conclusion
DC Fawcett virtual real estate investing club contains blogs that can provide more information on buyer’s agent. The interested investors can make use of the blogs. Virtual wholesaling is the new emerging trend in real estate; you can browse about it as well in these blogs.