Accredited Buyer Representative
Licensed Associate Broker
William Raveis Legends Realty Group.net
You should interview Realtors and find someone you feel you can work well with who will represent your interests.
By all means, utilize your own realtor.
No one should permit one agent to handle both sides of a transaction. Would you allow a lawyer to represent both sides in a legal dispute. Let's be honest, when you sign a listing agreement or a Buyer broker's agreement the agent/broker has a fiduciary responsibility to do what is in you (their clients) best interest. Now if on no other point than price (and trust me there's always other points) Buyers and Sellers have diametrically opposed positions. Despite what any agent may say trying to honor your fiduciary responsibility to bot clients presents a clear conflict of interest. Every State has caved in to the successful lobbying efforts of the big national real estate firms who wanted an end run around buyer brokering when it was first introduced roughly 20 years ago and every state real estate commission should discontinue allowing this practice, though I doubt any will.
I've attached a link below on how to find a great buyer broker regardless of where you live and are buying and I encourage you to read it and hope you'll find it helpful.
Best of luck and Happy House Hunting.
As a buyer in today's market I think you should work with a Buyer's Agent when purchasing
a home. They will have your best interests in mind.
The listing agent has the seller's best interest and will not look for negative things about a
property and bring them to your attention or make you aware of them. For example the school
district where the property is located.
Also they might not price the house correctly.
Joseph Anthony & AssocIates
That may also be the case if the agent you are working with is also working as a seller's agent.
Agents are supposed to identify who they are working with "at first substantive contact" with the consumer. The form is the Agency Disclosure Form. As a buyer this is a very important document that you should save.
Is your agent working for you? Have they checked the boxes stating that they are "acting in the interest of the" "Buyer as a" "Buyer's agent"? If not, they are stating, up front, that they are not acting in your best interest.
There are agents that only represent buyers, Exclusive Buyer Agents.
I have come across this question often in my 20+ years of Real Estate experience. While the Listing agent is hired by the seller to represent them, they are the one that knows the house best and are able to answer most all your questions about the schools and community.
However, a Buyer's agent does work for the buyer and his best intererests. What does that mean?Todays real estate market has become so volatile, because our inventory is so low thus dramatically reducing the number of days a home is on the market. Therefore buyers, like yourself feel if they reach out to the listing agent they will be one step ahead of their competition.
Typically, if the agent working with you is experienced, full time and knows the community that you are seeking to live in well, it shouldn't matter. The key is you need to commit yourself to that person. You need a qualified hardworking individual that is on top of his/her inventory so they can get you in asap.
I am a qualified, Certified Buyer's agent. If I am the listing agent, then I operate as a designated Dual Agent. This year I have sold 50% of my own listings. And I have completed over 25 transactions in 2013 to date. I am available when you are ready to make a decision.
Best of Luck! Elaine Patterson, Lic Assoc Broker 516-343-9133