This question by you in minutes behind your last one of "am interested in contacting the listing agent on a home" are similar in scope. I'll pose some food for thought for you this way:
- A Seller's Agent owes 100% fiduciary responsibility to his selling client.
- Yes, sometimes someone (like you) comes along and requests the selling agent also represent them. Complete fiducialry responsibility is owed them as well.
- With written consent by both parties, an agent is certainly allowed to be on both sides of the transaction. Colleagues here have mentioned Dual Agency and hopefully you understand it well.
- Your thought process perhaps may be on saving a percent or so if you use the same agent the seller is using. That should not be the driving force.
- While that is perhaps possible, the Dual Agent is then put into a position of doing the best they can for both the Seller and the Buyer.
- Personally, I like to step away from a dual side by asking a co-agent to step into my shoes to represent one side in order to maximize the benefit to both parties. But, we all operate in different fashions. You have to do what is comfortable.
I'll sum up my own read on all this with:
... a very good agent, particularly with savvy negotiation skills, can help a client on the sales side of their home by as much as gaining 10% more than an average agent, and on the purchase of a home in saving them as much as 10% more than working with an average agent.
You've certainly heard all the benefits here by my good colleagues in what a Buyer's Agent will do for you.
Interview a couple and choose someone. You picked out the special house you love. Now pick out an agent, other than the Seller's Agent, who will roll up their sleeves for you and work extremely hard to negotiate the best transaction for you and see you through the myriad of issues that also need to be done to consumate the buy for you.
I'll throw my hat in the ring, but also venture out in a Macy's kind of way and say others here answering your several questions are quite good, and a special recommendation for considering Britt. (I'm sure she'll return the favor some day of my passing on some accolades back my way. Won't ya?) Ha!
Good luck. I would be great if you came back after you have a completed deal and let us know the outcome of what you purchased, who you used, and why the choice.
- research the home for you (town records)
- research comparable properties (what has sold, what is selling) and if the price you're paying is reasonable
- will attend the inspection with you and help you to negotiate repair items
- bring to your attention defects in the property but also point out the benefits
- refer you to competent contractors and other service providers
- manage the purchase for you by making sure everything is done on time and will guide the process along
- attend the closing with you to make sure everything goes smoothly
- be there after the sale to make sure everything is to your satisfaction
The listing agent's job is to get the house sold for the most amount of money so they aren't going to do anything to help you get a better deal.
Yes, a buyers agent is technically free because you don't pay for their service out of pocket. But the agent commission is a factor in the sales price so ultimately, a buyer does pay.
There really is no reason not to hire your own agent - why pay for a service that you don't get.
A good agent will be clear. This means you will know clearly and concisely what services he/she will be providing you, what his/her relationship is to you and he/she will be getting paid.
A good agent is unbiased. This means that you will never feel pressured into approving or disapproving any one specific property you are shown, especially because it may affect your agent's compensation.
A good agent is meticulous. This means that your agent will spend time and effort determining a fair and reasonable price on the property you are considering. Your agent should review comparable sales in light of inventory levels and the economic environment as well as considering your individual property's attributes. This also means that all your documents (whether being submitted or received by you) will be proofread and reviewed to insure against errors and omissions.
A good agent is a good negotiator. This means that you will not feel alone and abandoned when it comes time to negotiate with the seller and his/her agent.
And finally, a good agent uses his/her resources. This means that your agent, who is more knowledgeable about the real estate industry than you are, will use his/her resources to help you get the best value in home inspectors, appraisers, repairmen, decorators or any other "expert" advice and opinions you may need.
Amanda.prudentialct.com Click on buyers - then the process.
Hope that helps.
Once the contract is accepted, they will facilitate the transaction, making sure things run smoothly and help you iron out bumps along the way.
Make sure you interview at least 3 Realtors before you pick one, to be sure they are going to treat you fairly and provide due diligence through out the whole transaction.
Any questions, I am here! :)