Benefits of Working with a Buyers Agent
Any real estate professional can act as a Buyers Agent. As the name implies, the agent is contracted by the buyer to represent his or her best interests in the real estate transaction. Until recently, sellers sat back knowing that all agents showing his home would be representing his best interests. This is not necessarily the case since the new laws were passed.
One of the reasons I sat for the broker exam was to identify and learn how the new real estate laws affect the parties to the transaction.
The State of
Wisconsin has changed laws to provide buyers with a new opportunity when purchasing real estate called Buyer Agency.
How it works
First, identify a real estate professional who you trust and have a good working relationship established.
If your REALTOR® fails to mention anything about Buyer Agency, then ask.
Generally, Buyer Agency is a free service to buyers.
In almost every case, the only “cost” involved is the time (usually 10-15 minutes) it takes to explain the rights and responsibilities you, as a buyer, have under a Buyer Agency Agreement.
As with most contracts, a Buyer Agency Agreement can be structured for any length of time.
Under a Buyer Agency Agreement, a buyer “hires” a REALTOR® to represent his or her best interests.
Under such an agreement, you are hiring a real estate professional to locate an interest in a property as well as negotiate on your behalf, on your terms.
As a Buyers Agent, I not only offer advice and opinions about the condition of the property, but I can also offer my opinion regarding the seller’s asking price.
Wouldn’t you like to know whether or not you’re paying too much for a home?
As a Buyers Agent, I work for you and help you get the best deal for your next home.
Please contact me at (414) 412-7980 or e-mail at dray@shorewest.com to learn how I can help you with your real estate needs.
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Labels: Real Estate
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