Using a Buyer’s Agent

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.

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.

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.

A buyer’s agent will:

• Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
• Assist the buyer in determining the amount that they can afford through the preapproval process and show home in that price range and area.
• Assist in viewing homes – 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 home 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.
• 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.
• Assist in securing appropriate financing for the selected home.
• Provide a list of potential qualified vendors (e.g. lenders, movers, attorneys, inspectors, etc.) if these services are needed.

WHAT WE DO FOR YOU

• We work for you-not the seller.
• As your homebuyer consultant, we listen to your needs and help you achieve your goals.
• We negotiate on your behalf.
• We represent your interest between contract and closing to make sure you get what was agreed upon in writing.
• We work to ensure that it is clear what fixtures are included with the home.
• We prepare a competitive market analysis.
• We help you determine a fair market price.
• We prepare your offer to purchase.We present the offer on your behalf.
• We negotiate to have the repairs of any defects paid for by the seller.
• We coordinate with your lender to help insure a smooth closing.
• We prepare and finalize all documents required for closing.
• We assist you with the sale of your previous home if needed.
• We will show you as many homes as you want until you find the one you want to buy.
• We help you get comfortably settled into your new home, recommending vendors and other services.
• We follow-up to make sure you are happy with your home.

WHAT YOU DO

• You get pre-approved for your loan.
• You select your new home.
• You move in and enjoy your new home!

In order to be represented by a buyer’s agent, Georgia Law requires that there be an agreement in writing. The agreement should spell out the responsibilities of both parties throughout the process. The Georgia Association of REALTORS® Exclusive Buyer Brokerage Engagement fulfills those requirements and your REALTOR® can provide one for your review. It is strongly recommended that the buyer and the buyer’s representative agree to the terms of the agreement prior to viewing properties.

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