For most of us, buying a home is the biggest single investment weâ€™re likely to make. The best advice for a homebuyer is to find a real estate agent that is knowledgeable about the local market and you feel comfortable with. A good real estate agent should be available by phone and e-mail to assist you and answer your questions.
The benefits of buyer representation are the dedication of a buyerâ€™s agent to the home buyer. The buyerâ€™s agent and homebuyer establish a mutual agreement, known as a buyer agency that will entitle the homebuyer to, but is not limited by:
Loyalty: The real estate agent must act in the best interest of the buyer.
Disclosure: All material facts such as relationships between agent and other parties, existence of other offers, status of earnest money, sellerâ€™s financial condition, propertyâ€™s true worth, and legal effect of important contract provisions.
Confidentiality: Any discussions, facts, or information that should not be revealed to others but does not include responsibility of fairness and honesty in dealings with all parties.
Prudential California Realty