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Today, we’ll talk about the importance of buyer representation in local real estate.
At Berkshire Hathaway Home Services in Lake Ozark, we have highly-trained Realtors. We study the market, tour homes, counsel buyers and sellers alike, sell properties, and negotiate contracts. Particularly, our clients approach us about buyer agent and why it’s necessary.
A buyer's agent has a fiduciary responsibility to act in your best interest You need someone fighting for you in a transaction and this party provides it. This includes confidentiality, accountability, loyalty, disclosure, and competency.
If you don’t seek representation as a buyer, you become a customer and not a client. In other words, no one is there to help you with your office. Of course, you can continue to view homes and pursue opportunities, but unfortunately, sellers then can take advantage of your lack of representation. As a customer, we can’t tell you what you should offer on a home. You didn’t hire us and we can’t provide that service.
As a client, that’s different. When you hire us, we’ll educate you about the market and show you comparable homes, in addition to mediating future offers. Our goal is to help our clients find their dream home and spend the least amount of money possible!
Additionally, with a buyer’s agent, you’ll likely pay less money. Because we work with you to negotiate offers, we frequently bring down the seller’s initial asking price. Without agency, you might not have the opportunity to strongly negotiate, and overpay as a result. Don’t let that happen to you!
