It is great fun for many Western New York buyers to search for the perfect home. They visit open houses, call listing agents to see homes that they find on the Internet. Many buyers mistake this as being in their best interest. But exactly who is that agent that they are calling loyal to? You might just be surprised that their loyalty lies with the Seller unless you have a Buyer’s Broker Agreement with a Buffalo area agent.
By obtaining a Buyer’s Broker Agreement you will find someone to represent your best interests and assist you with the purchase of a Buffalo area home. And this is at no cost to you as it is customary that the Seller pays the commission. You will want to sign only on agreement, and it is important that you make the decision to work with just one agent. Having this agreement with an agent they can even represent you if you want to purchase a For Sale By Owner.
Duties of Buyer’s Agent
- Protecting the best interests of the buyer
- Negotiating the best prices and terms for the buyer
- Offering the property and services in accordance to Fair Housing Rules
- Fully disclosing to the buyer known facts that may affect or influence a buyers decision
- Treating all parties to a transaction fairly
Remember any agent can arrange to show properties, assist you with financing, explain forms, provide you information and monitor closing activities.
Only Buyer’s Agents Can
- Give you advice & counsel
- Keep your position confidential
- Negotiate price and terms favorable to you
- Give you reason NOT to buy a specific property
- Objectively evaluate properties
- Write an offer to your advantage
- Expose you to the entire market including For Sale by Owner
- Be entirely committed to YOU!
Don’t forget that purchasing a home or condo will be one of the largest investments that you make. Do you really want to take chances in not having an agent dedicated to your best interests?
Working with a Buyer’s Agent under a Buyer Broker Agreement is not just about looking at properties. It is about promoting your best interests. It is hard for many buyers to understand that the salesperson who has listed the home is responsible for selling the home with the best price and terms for the SELLER. For Sale by Owners are seeking to save themselves money not you.
Right now is an excellent time to be purchasing that first home if you are financially ready for it and you are ready to commit to being in one place for awhile. There are many factors that will go into your decision to purchase, can you really afford to not hire a professional to assist you through the process?.
What About One Of These Homes?
All statistics are gathered from the Buffalo Niagara Association of REALTORS®.
For more information, call our J. Philip Real Estate Team at (716) 650-0051
Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call us at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2016 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.