Why have a buyers agent?
Most of the time when you call about a house for sale using the number you saw on the sign, the real estate agent you will be talking to represents the seller. When you are not working with a buyer's agent, the listing agents are less likely to negotiate the best price or contingencies for you because they will be a little more loyal to the seller. Even though you will see in our consumer notice...
(Taking no action that is adverse or detrimental to either party's interest in the transaction.)
we, as agents, should be loyal to both sides. Most people selling their home know their agent before listing their home. So there is already a relationship a lot of times. It is only natural by human nature for most people to want to help the people they know over a stranger.
A buyer's agent's job and fiduciary responsibility (meaning legal duty) is to you, the buyer. Before working with an agent, establish if they are a buyer's agent or a seller's agent. After spending a lot of time with a Realtor, it's natural to feel like you're a team. But if they are not negotiating for you, then they are not on your team.
For 5 more tips on buying, click here.