
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, your buyer's agent would 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
Best yet, your buyer's agent's compensation for representing you would (in almost all cases) be paid by the seller.
So -- you can call the listing agent (who is contractually bound to represent the seller's best interests) or you can hire a Realtor to represent YOUR best interests as the buyer. Clearly, I recommend the second option.
Beyond buyer representation, there is a lot more to know about and think about regarding the home purchasing process. Read more at....