Retiring in Williamsburg Blog

Lifestyles, Community Information. Helping you find your new home

Why Do I Need a Buyer’s Agent?

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Buying a home is probably the most important pur­chase you’ll ever make. Traditionally, all residential real estate agents repre­sented the home seller as the “listing agent” who marketed the home for sale, as well as the agent who found the buyer.  The “selling agent”, who helped the buyer find the right home, actually worked for the seller.

Now, Buyers Have A Choice. 71 % of home buyers surveyed in a recent Gallup poll for the National Association of Realtors said they would use a buyer’s agent next time they purchased. Now you, like the seller, can have someone on your side looking after your best interests.

Real tips
How Can A Buyer’s Agent Help You? A buyer’s agent usually owes certain duties to their home buyer, such as care, confidentiality, full disclosure and accurate accounting. These responsibilities are defined by state laws, the REALTORS® Code of Ethics, general principles of agency, and court decisions. What does a buyer’s agent actually DO for the home buyer? A buyer’s agent will show the buyer available homes, point out the property’s features, provide financing information and submit the offer to purchase. And share:
  • Whether the seller would accept a lower price
  • The seller’s reason for selling and timetable
  • How long the home has been on the market
  • Strengths and weaknesses of the property
Most important for many buyers, you can ask a buyer’s agent for advice and assistance in setting your offering price and structuring the other terms of your offer.  What’s more, you’ll have peace of mind knowing an advocate is working, on your behalf, to help you buy at the best possible terms.  And, if you’re a first-time buyer, if you’re relocat­ing or unfamiliar with the local real estate market, if you’re buying for investment and want negotiating help, or if you need to purchase anonymously, you’ll be best served by a buyer’s agent who puts your interests first.
Without a buyer’s agent, you’re really on your own. Keep in mind, the seller’s agent is actually working for the seller and is the seller’s legal representative.  Yes, a seller’s agent can offer buyers some services, including a diligent search to find the right home, an explanation of available financing, calculation of monthly payments, estimation of settlement costs, presentation of your offer to buy. What a seller’s agent cannot do is disclose information not in the best interest of the seller. A buyer’s agent’s goal is to help you buy the home you want – and buy it at the right price.
What more can I do for you? How can I help you find and buy your forever home, in Williamsburg?

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Rolf Kramer, REALTOR®, ABR, SRES, e-PRO  

757-564-4455

Licensed in Virginia

Liz Moore and Associates,

5350 Discovery Park Blvd.

Williamsburg, VA 23188

Williamsburg has become a Mecca for retirees over the past dozen years because of its history, charm, vacation amenities, proximity to major cities and airports, and affordable cost of living. Check out www.retiringinwilliamsburg.com for information about the Williamsburg community, lifestyles available, and search for homes for sale.

 

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Author: retiringinwilliamsburgrolfkramer

Licensed in Virginia with Liz Moore and Associates, 5350 Discovery Park Blvd, Williamsburg, VA 23188 Williamsburg has become a Mecca for retirees over the past dozen years because of its history, charm, vacation amenities, proximity to major cities and airports, and affordable cost of living. Check out www.retiringinwilliamsburg.com for information about the Williamsburg community, lifestyles available, and search for homes for sale.

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