What Is A Real Estate Buyer Agent?

buyer agent

Real Estate Buyer Agent? You Need One!

In short, a Buyer Agent represents YOU and your best interests. In Texas, you can and should be represented in any Real Estate transaction.

You will get a better deal than you would have gotten without one. It’s really as simple as that!

This means getting you exactly what you want, keeping you from what you don’t want, saving you time and hassle, saving you money by finding under priced homes and negotiating an even lower price, making sure all papers are written to your advantage to save you thousands in cost of the house in fees, keeping you in control, and seeing that everything is handled until the sale actually closes.

Having a Buyer Agent is the difference between having a repair manual (seeing homes online) and having a mechanic (actually buying one).

This means that if you aren’t in the real estate business, you won’t be familiar with the ins and outs of buying a home (meaning no offense to you). You also won’t be familiar with how to make it work for you.

The listing agent will use this fact to get the seller a better deal at your expense. Just because an agent you called off a yard sign is likable and is driving you around doesn’t automatically mean he is working for you!

Unless you have an agreement otherwise, he is the SELLER’S agent, not YOUR agent, and will work to get the Seller the best deal!

A Real Estate Buyer Agent is trained in real estate and can make sure everything works for the home buyer, such as:

  • Finding a “pool” of homes for sale that have the features the home buyer wants using the sources of information the Realtor has developed

  • The ability to identify which of these homes are also sweet deals, so you don’t overpay. A good Agent has the experience to get a good idea of a house’s condition and any defects it might have just by looking at it, which will save the home buyer a lot of trouble. Your Agent is not an expert home inspector, but should be experienced enough to spot signs that an inspector should be hired to look at.

  • Many agents preview homes for sale, so they have seen many of them in person (not just on a computer screen), know their condition, and can save you time. An experienced Buyer Agent should know what is normal and be able to negotiate the most favorable price and terms for the home buyer, which can obviously save you thousands of dollars on your purchase.

  • Your Buyer Agent will make sure all of the numerous necessary real estate forms and disclosures are handled and written to your advantage. This is a big advantage since contracts have increasingly become complicated and overwhelming. There is a lot of negotiating strategy that comes into play when filling out contracts. You want to have a good Buyer Agent on your side to advise you of your rights when conducting a purchase.

  • Knowledge of various companies who will work best for different situations such as title, inspections, appraisals, surveys, insurance, flood insurance, and other matters handled from acceptance to close. Your Buyer Agent also knows a few mortgage officers who have shown themselves to be competent, hardworking, and able to do what they say up front.

  • Finding a “pool” of homes for sale that have the features the home buyer wants using the sources of information the Realtor has developed

  • Handling all the many day-to-day problems that need to be done to get the transaction completed and that most people don’t have the time, willingness, or knowledge to handle. Some of these problems will delay or even derail a closing and disrupt your plans to move – obviously causing you many problems and costing you money – and your moving van can’t unload until all i’s are dotted and t’s are crossed.

How do you know that a Real Estate Buyer Agent is working for the Buyer?

If you don’t have a WRITTEN Buyer Representation Agreement with a real estate agent, then that agent will be working for the home seller BY DEFAULT and will get the best deal for the Seller. (maybe at your expense)

Every home or property for sale HAS to have a written listing agreement signed by the Seller and the Listing Agent. This creates a representation contract between the Seller and Agent.

If you have a friend that is an agent, and you ask them to help you, AND you DO NOT have a written buyer agreement signed…

…by default that friend agent is a SUB AGENT to the Listing Agent, and is representing the Seller. Ethically, everything you tell them HAS to be revealed to the Seller during negotiations.

The typical scenario works like this: The Realtor says that the owner doesn’t want to negotiate on terms. Why? Because he is trying to get THEM, the Seller, the best deal, not YOU!

Is he showing you listings that aren’t what you want?

That’s because he is trying to sell the houses that are listed with his company ONLY! (Can’t blame him, that’s what he is contracted to do.)

Did the sellers find out that you were willing to pay full price?

That’s because THEIR agent told THEM what you said! (He HAS to do this. He is THEIR agent, not YOUR agent.)

You wouldn’t think of going into a courtroom and expecting the other guy’s lawyer to be looking out for you, would you? The same idea applies to real estate agents.

What are common reservations to hiring a Buyer Agent?

1. You want to do it all yourself

2. You don’t want to pay for an agent

3. You don’t want the hassle of dealing with an agent

Now consider this. There are good reasons to have a Buyer Agent working on your behave, that costs you nothing, and looks out for so many tasks in closing a real estate deal.

  • Are you sure you know everything you need to know to get the home you want, get a good price on it, and write the papers so things work your way?

    Are you “in the know” when it comes to current real estate information?

    Do you have the pulse of the market?

    Do you know about real estate procedures and which forms to use?

    Do you want to just look at homes, or the desire to buy a home?

    The Realtor has already learned all this, both out of the book and through experience.

  • There is usually no additional charge for a Buyer Agent to work for you – the listing agent will split his fee with the Buyer agent.

    As a side note, if an agent works for the seller, they get paid EXACTLY the same thing, and he didn’t even negotiate a better deal for you!

  • A buyer agent reduces your hassle: without one, you will spend long hours looking through ads or online listings, making calls for showings, not getting callbacks, driving out to see houses that turn out to be not what you want, feeling awkward in other people’s houses, spending time on papers, making multiple calls every day to keep things on track, dealing with lenders who need a daily ‘nudge’, requests for information (and knowing what information they are talking about), coordinating closing, running across town for documents, and doing everything at odd hours on weekends.

    (Ahhh, the pleasures of buying a home!) The buyer agent does all this and just reports the highlights to you.

The simple reality is that you will be working with an agent no matter which home you buy, whether from a private owner selling his/her house through a real estate agent who represents THEM (not you), or from a builder’s representative (the agent who is in the sales office on the new home lot), who represents the BUILDER (not you).

Or, you can work with an agent who looks out for YOU.

Which do you prefer?

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You are busy and have things to do. Let me preview homes that meet YOUR wants and needs. Let me deliver you the service you need to find your next home or investment.

I hope this information was helpful for you.
If you still have any questions, please do not hesitate to contact me.
I understand many people don’t want “to be sold” by a sales person.

Not my style.
I GIVE as much information as I can to help you make informed decisions.

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I am a GEEK that is cleverly disguised as a Real Estate Agent. I do not SELL Real Estate. I MARKET Real Estate Online and Offline. Use my 23+ years of Valuation Services to suggest the correct price for you as a Seller. As a Buyer, my experience in pricing Real Estate is your ticket to saving money when purchasing. Investors love me because of the years working with REO and Foreclosed properties. Contact Me – Let me help you today!