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| Buyer Agents vs Seller Agents |
You want to either sell or buy a new home, but you are unsure of
what realtor to go with in the process. Understanding the role
of a realtor and how they relate to you if you're a seller or
buyer is extremely important. For the first time home buyer or
seller you need to be aware of a few facts, and clear out the
cobwebs of confusion on the responsibilities and duties of a
realtor.
Depending on what state you live in realtors may be committed to
act only as the seller or buyer agent. Many times however a
realtor may take on a dual role of representing both the seller
and buyer, or known as a dual agent. In other words they have a
duty to sell the home for the best possible price for the
seller, and at the same time are committed to get the best
asking price for a buyer. This can be a little nerve racking for
many people, but the best defense is being in the know about the
legal and moral responsibilities associated with a realtors dual
agency representation, and how you can feel confident about
working with them.
The legalities of the fact for realtors are that in most |
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they are required to share the knowledge of which party they
work for. Most of the time realtors work for the individuals
that are selling a home. If you are unclear make sure to ask, so
to ease any nervous jitters on your part. Always assume that any
realtor is working for a firm that represents both a seller and
a buyer, and if you are a buyer, make sure to hold close any
information that may affect any deals that are offered for your
purchase of a house. Buyers agents have a loyalty to the buyer
only. This is verified by a signing of a contractual agreement
between both the agent and the buyer. The buyer should be aware
that agents are held to a legal and moral obligation to not
disclose any personal facts not only to the home seller, but to
the realtors agent. Material disclosure is permissible though
about the property, such as any known pest infestations, or
problems with the structure itself. A dual agency for a realtor
is usually assumed for them if they represent a buyer; make sure
to check into the realtors status for your own peace of mind.
However, contract protection is |
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afforded for anyone that is
interested in purchasing a property through an agent that
represents a sellers interest by signing a contract to represent
both.
If you are in the market to buy a home you need to expect a
reasonable amount of service from any real estate agent that
represents you. The goal should be to fully represent your best
interests. You need to be informed clearly from your agent if
they will require you to sign an exclusive clause contract. This
legally binding contract will require you to work with that
agent only. Always search for an agent that will allow you to
have other realtors working on your behalf. All buyers agents
should work diligently to help you sell your home by providing
comparisons studies of the in your area, and to handle any
inspections, or working with a lender and the loan application
process. He or she should be more than willing to consider and
respect your wishes when planning an open house for either other
realtors or the general public. Agents should always be
courteous about general appointment times to meet with you, and
should always |
leave a cell phone in case of unexpected issues
surrounding the sale of your home. Your buyers agent should
clearly explain all aspects of the contract to you. Issues such
as contract compensation and their exact fees for selling your
home, along with things such as how long you must list your home
with them should be covered in a written contract.
Over all the experience of either buying or selling a home
should be one that is pleasant for both the seller and buyer.
Selling and buying is a serious decision that can affect your
financial and emotional well being for years to come a
consequences of how informed you are will be long lasting, many
years after you have walked away from the bargaining table.
About the author:
Original Source: Articles
Galore.com
Information supplied and written by Lee Asher of CyberTech SoftShop
Suppliers of the DeadEasy
Ebook Maker and Publishing Wizard.
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