IS A BUYER'S AGENT?
A SELLING AGENT?
A LISTING AGENT?
Q: What is a Buyer's Agent?
A: A Realtor who represents you and your interests EXCLUSIVELY when you are purchasing
Q: Is it necessary to have a Buyer's Agent?
A: Not unless you prefer having everyone working in the Seller's interests
Q: Can't the Seller's Agent represent me as well?
A: Yes, that's called Dual Agency, (prohibited in some states, for good reason).
Caution! The Sellers and their agent have had a longer contractual relationship,
so can you be sure that the Seller's Agent is going to negotiate a good deal
Q: What does it cost me to have a Buyer's Agent
A: Absolutely nothing! Zero! But he/she could save you a small fortune!
Q: How does a Buyer's Agent get compensated?
A: When a seller "lists" his house (puts it on the market), he agrees
to pay the listing broker a certain commission. The listing broker, will in
turn, list the house in the MLS system and disclose what he/she will pay to
any other broker who brings the buyer. Otherwise the listing broker keeps all
of the commission if he/she finds a buyer.
Q: Do Buyer's Agents and Seller's Agents have
the same qualifications and licenses?
A: Yes! They have to sit for the same examinations and continuing education
classes and generally belong to the same associations.
Q: Are there any other differences?
A: Not really. Seller's Agents are typically very good at, and prefer, the
marketing challenge of selling a house. Buyer's Agents are very comfortable
with investigative analysis of real estate, and counseling Buyers. Many agents
can do both very well.
Q: If a house catches my eye and I want to investigate
further, what steps do I need to take?
A: Contact a Buyer's Agent FIRST, before contacting the Seller's Agent. This
will ensure a smooth transaction for you should you decide to purchase the
Q: If I walk into a sales office for a new community
being built, can I negotiate a discount because I don't
have a Buyers' Agent?
A: No. Each builder has contracted to pay a set fee to the marketing company
(sales office) on each house sold, irrespective of the number of agents involved
(even if you should negotiate directly with the builder, he still has to pay
the same fee to the marketing company).
What can you expect from me?
As Your Agent, I Will:
- Assure that you see all the properties in the area
that meet your criteria.
- Guide you through the entire
home buying process, from finding homes to preview,
to getting the best financing.
- Make sure you don't pay
too much for your new home and help you avoid costly
- Answer all of your questions about the local
market area, including schools, neighborhoods, the
Before You Start Looking For Your New Home:
- Check your credit rating.
- Straighten out any errors
on your credit report.
- Determine a comfortable monthly
budget for your new purchase, including down payment
and monthly payment.
- Find a loan program that meets
your needs and get pre-qualified (preferably pre-approved).
a REALTOR© that you trust and who understands
- Determine what neighborhood best matches
- Identify important features you need your
new home to have.
Closing Costs to Expect:
- Lender fees include charges for loan processing,
underwriting, preparation and establishing an escrow
- Third-party fees include charges for insurance,
title search, and other inspections such as termites.
fees include deed recording and state & local
- Escrow and interest fees include homeowner's insurance,
loan interest, real estate taxes, and occasionally
private mortgage insurance.
LEARN HOW TO
MAKE IT WORK FOR YOU -
Why use me as your
DO I GET PREQUALIFIED?
YOU CAN EXPECT FROM ME!
A Buyer's Agent (or Representative) works only for
you and has NO legal or other responsibility to the
Seller. On the other hand, a general real estate agent
has LEGAL obligations to the SELLER even though they
can help the Buyer with the transactions such as presenting
the offer or doing the paperwork on any property you
choose. THEY STILL REPRESENT THE SELLER AND BY LAW
MUST GET THE SELLER THE BEST PRICE FOR THEIR HOME.
As Your Buyer's Agents, I will provide
you with maximum information about buying a home, including
limited to, disclosing specifics about location, property
values, offering price, negotiations, counteroffers,
contingencies, financing and the entire closing process.
SO IS THERE REALLY A FEE
TO USE A BUYER'S AGENT?
Please remember that services to the Buyer are always FREE. The Buyer's Agent
is compensated through the listing (or Selling) agent's commission.
DO HOMEOWNER'S NEED THE HELP OF A BUYER'S
Absolutely! When buyers work with a Buyer's Agent
who is 100% loyal and completely committed to them,
the entire home buying process will go smoothly with
more buyer satisfaction. Problems can arise, and you
will have a Buyer's Representative that is legally
responsible to YOU, and committed to helping protect
your best interests in the purchase. As Buyer's Agents,
we are fully qualified, experienced and highly skilled
in the back and forth negotiations and financing queries
that precede the closing of most real estate transactions.
In addition, we will be forthcoming with any negative
aspects about properties that you're investigating
for purchase. Armed with such vital and detailed information,
you'll be thoroughly prepared to make decisions that
are right for you and your family!!
CAN A BUYER'S AGENT SHOW US PROPERTIES?
Yes, a Buyer's Agent can show you every home listed
in the Realtor's Multiple Listing Service, MLS, FMLS,
Bank or Corporate owned properties, and For Sale By
Owner properties. In addition, a Buyer's Representative
can also show you NEW construction homes and unlisted
homes. When you find that special home, we'll discuss
the best strategy regarding negotiations, offers, counteroffers,
financing, inspections, and closing. We will help you
prepare the offer with the terms and stipulations weighed
on your behalf. Our goal is to help you get the best
home for the least amount of money! For your convenience,
we will provide listings by email. We pride ourselves
on repeat business and hope you'll come to understand
MUST I SIGN A CONTRACT WITH A BUYER'S AGENT?
NO. Buyer's Agency is NOT a contract. It is an agreement
of written permission to have a Real Estate Professional
in your corner! Georgia Law only requires written permission
and the Buyer's Agency is minute to minute.... YOU
MUST BE SATISFIED or you can cancel the written agreement
at any time in the homebuying process.