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Why use a
Real Estate Buyer's Representative?
Purchasing real estate is a
complex and major transaction with many details to be handled.
In the majority of cases the seller will be represented by an
agent.
A buyer's representative is
responsible for protecting the buyer's best interests. Research
by the NATIONAL ASSOCIATION OF REALTORS® has shown that when a
buyer's representative is used, the prospective buyer found a
home one week faster and examined three more properties than
consumers who did not use a buyer's representative.
A buyer's representative will:
… Evaluate the specific
needs and wants of the buyer and locate properties that fit
those specifications.
… Assist the buyer in
determining the amount that they can afford (pre-qualify), and
show properties in that price
range and locale.
… Assist in viewing properties
-- accompany the buyer on the showings, or preview the
properties on behalf of the buyer to insure that the identified
specifications are met.
… Research the selected
properties to identify any problems or issues to help the buyer
make an informed decision prior to making an offer to purchase
the property.
… Advise the buyer on
structuring an appropriate offer to purchase the selected
property.
… Present the offer to the
seller's agent and the seller on the buyer's behalf.
… Negotiate on behalf of the
buyer to help obtain the identified property -- keeping the
buyer's best interests in mind.
… Assist in securing
appropriate financing for the selected property.
… Provide a list of potential
qualified vendors (e.g. movers, attorneys, carpenters, etc.) if
these services are needed.
… Most importantly,
fully-represent the buyer throughout the real estate
transaction.
The information was copied from
the REBAC web site, www.rebac.net.
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