Why use a Buyer’s Agent?

Having a buyers agent is having a very important ally in finding a home in Buckhead or Atlanta and negotiating a contract. Sometimes there can be a little confusion over what role the buyer’s agent has in the process and what the agent’s responsibilities are to the buyer and the seller of the home.

What is a Buyer’s Agent?

A real estate buyer’s agent represents the buyer who is purchasing property in a real estate transaction. The buyer’s agent works for the real estate buyer and holds the buyer’s best interests above all others throughout the transaction. Keep in mind, if the buyer’s agent does not have a relationship with you, then by law the agent is working for the seller.

Why use a Buyer’s Agent?

Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases, the seller will be represented by an agent. It makes sense for the buyer to have access to the same level of representation.

The buyer’s agent works for you and not the seller. A buyer’s agent is responsible for protecting the buyer’s interests and will negotiate on behalf of the buyer. Research by the NATIONAL ASSOCIATION OF REALTORS® has shown that a prospective buyer who uses a buyer’s agent will find a home faster and will examine more properties than consumers who do not use a buyer’s agent.

Best of all, there is no cost to you for using a buyer’s agent. The buyer’s agent is compensated out of the selling agent’s commission. If you don’t use a buyer’s agent, then the selling agent will receive a larger commission for selling a property to a buyer that was not represented by an agent.

A buyer’s agent will:

• Evaluate the specific needs and wants of the buyer and locate Atlanta properties that fit those specifications.
• A top buyers agent can have access to properties outside of the Atlanta or Buckhead MLS.
• Assist the buyer in determining the amount that they can afford through the preapproval process and show properties in that price range and locale.
• Prepare and finalize all documents required for closing.
• Assist in viewing properties – accompany the buyer on the showings, or preview the properties on behalf of the buyer to insure that the identified specifications are met.
• Research the selected properties to help the buyer make an informed decision prior to making an offer to purchase the property.
• Advise the buyer on structuring an appropriate offer to purchase the selected property including a review of market data and comparable sales.
• Present the offer to the seller’s agent and the seller on behalf of the buyers. Negotiate on behalf of the buyer to secure the identified property at the best possible price and terms – keeping the buyer’s best interests above all others.
• Represent the buyer throughout the transaction.
• Follow-up with sellers and attorneys before closing date.
• Assist in securing appropriate financing for the selected property.
• Provide a list of potential qualified vendors (e.g. lenders, movers, attorneys, inspectors, etc.) if these services are needed.
• provide a list of recommended vendors once you’re settled in your new home.

If you have any questions about working with a buyer’s agent, please feel free to contact me.

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3. Should you ask for closing costs?
4. Short Sales
5. Buckhead Agent of the Month