Ready To Buy? Now What?
The big decision's been made. You're taking the plunge. You're ready for that new home ... and so the big search begins. So you've seen a for sale sign on a house that looks like it could be the one, or you've browsed the internet and seen homes that you'd love to see in person. You're ready to get out there and find your dream home. Where do you begin? You call an agent, any agent, who cares, they're all the same. Oh ... but are they?
If you need a lawyer, doctor, contractor, wouldn't you check them out? Do your homework? Of course you would! If you were selling your house, you'd likely interview a few Realtors and select the one that you think would deliver the results you want, the one that you feel would work in your best interests, be available to you, and overall, do the best possible job for you. So, why should the buying process be any different?
Did you know that all Realtors, by law, are technically working for the seller?! The seller has an agreement in place, and if you as a buyer don't, then yes, even the Realtor showing you properties is working for the seller. Don't you want a Realtor of your own? Someone who is totally committed to you; who will do the research for you; who will send you the new listing as soon as it's available; show you the homes that meet your criteria; research the best areas for you; and give you a great list of tried and true real estate lawyers, mortgage brokers, and home inspectors, or any other professional services that you may need.
Signing a Buyer Agency Agreement has many benefits. Not only does it reassure you that your selected Realtor & Brokerage fulfils all of their duties like disclosing all property information, diligent, attentive and professional service, it gives you peace of mind that your Realtor is working for YOU, to protect YOUR best interests, and is working on YOUR behalf to negotiate the best possible purchase price.
Signing a Buyer Agency Agreement shouldn't be a scary or daunting task. It should be the first step you consider when you're ready to find your new home. For most people, buying a home is your greatest investment, whether you are a first time home buyer or on your fourth family home. A Realtor is a professional who knows what's happening within the real estate industry ... Would you not want your lawyer or contractor to be committed to helping you? Do you sign an agreement with them?
A Buyer Agency Agreement is a flexible contract and does not commit you to making a purchase. It does, however, bind the commitment of loyalty between you and your Realtor. Like any professional, they're not all the same, so start your interviews to find a Realtor you can connect with and begin your home search with confidence.