People do not buy a house every day. This is why it needs to be
done with a lot of care. Because we are way too enthusiastic during
home purchase, there is a fair chance that we might overpay for
a property. People have different aims, they may look to buy an
investment property, they may be looking for their first house,
a vacation home or they may look to buy their dream house. Fore
all such reasons, it is important to align to an agent who is exclusively
yours, a real estate buyer agent fills this role in today’s
property market.
Now, let’s understand a few things first. A dual agent works
for both the sides, they are contractually obligated to both sides
and therefore they can not represent the buyer with the vigor required
for a such a large purchase. The seller will quote you the highest
possible price for a home purchase. Further, it is not his onus
to tell you about any loophole in the property. Thus, he would look
to hide any such deficit from you. All that it means is that you
stand a chance of being swindled. Further a listing or a dual agent
works on commission which means the higher price you pay for home
the higher income he makes. The rest is 2 + 2=4 calculation.
This is where a real estate buyer agent comes into the picture.
His loyalty is not two forked. He completely represents your interests.
This is why he can be very effective in saving your money, gets
the best deal negotiation sorted out and is 100 % in your corner
and avoids all conflicting interests. Because he is completely your
agent, a real estate buyer agent would also pre-suggest any possible
weakness in the property.
Real estate buyer agents do not have their personal listed properties;
they do not deal in listed properties. This is why they show you
all the unlisted properties and also those which an owner may have
put for sale. He tackles everything for you; right from selection
to financing to closing a deal. A Real Estate buyer Agent is right
there even in sorting out the foreclosure deals. Over all, the chances
of getting the best bargain and the best possible deal structure
are ensured with their presence.
Still, there are few things which can be pre-discussed with a real
estate buyer agent. Make sure you have the right chemistry with
your agent so they will be able to help you find a house that will
suit your personality and needs. Be aware that most buyers agents
will want to get a buyer’s broker agreement signed. It is
also prudent to get the difference between an exclusive and a non-exclusive
agreement from him.
Big Fairy | Overseas
Land |
Panama Real Estate
- The number one Real Estate Company in Panama.
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