You really need to find an expert buyer agent to help you with your search. Remember that a buyer agent is free of costs for the buyer and represents the buyers interests and not the sellers.
A couple quick questions I tell my friends to ask themselves is " who does the listing agent really represent?" The answer is the seller. "whose interests do they share." The seller.
Remember, their goal to the seller is to get them the best terms and highest price. Contractually they cannot give a buyer advise on a home they represent (List).
I would advise any friend in any state that its important to have a really good buyer agent that understands what they are looking for in a home and that can represent and negotiate for better terms and interests. Plus it reduces the buyers risk substantially and many buyer agents are better at negotiating terms because that is what they do for a living.
Most buyers don't realize that reaching a price is only the first point in the process. Someone needs to understand how to negotiate an inspection response, help out with appraisal and financing issues, schedule walkthroughs, responses, review closing statements, and access to professionals such as inspectors, lenders, contractors, etc. These situations can get difficult when the list agent is also the buyer agent.
It scares me to know that many buyers are out there and don't know how the process works and how complicated it can be. After all a home is a very major purchase.
No comments:
Post a Comment