
If you are purchasing a home, before you call the listing agent to see that home, you should understand a bit more about buyer representation.
In representing you as a buyer in your home purchase, I will be performing tasks such as:
- assisting in your home search
- providing data about each property
- explaining financing options
- creating a negotiation strategy
- drafting and presenting offers
- researching restrictive covenants, etc.
- coordinating property inspections
- coordinating property appraisal
- conducting final walk-through
- preparing for settlement
- answering questions and providing counsel and guidance as needed
Virginia requires me to have a written agreement with any buyer to whom I provide any real estate advice or counsel.
You should also note that it is possible that you will fall in love with a property where I already represent the seller. As we tour homes, I will tell you whenever I represent the seller of a property we are viewing. If you want to make an offer on such a home, we'll have two options:
- You can work with another Realtor in my office to fully represent you as a buyer.
- I can continue to represent the seller as a client, and work with you as a customer.
In Option #2 above, I cannot advise you on negotiations, repairs, or in a dispute.
Each year, I have multiple buyers who choose each option. Some buyers choose Option #1, because they want advice and guidance on pricing and negotiations. Some buyers choose Option #2, because they intend to make all negotiating decisions independently. If you decide you want to purchase one of my listings, we will discuss and determine a new game plan.
Of note - my compensation for representing you will be paid by the seller's real estate company or by the seller.
Beyond buyer representation, there is a lot more to know about and think about regarding the home purchasing process. Read more at....