Hiring a Buyer's Agent
When buying (or selling real estate), it is important that you understand Agency. A Real Estate broker can represent you in several different ways. If you want the agent to represent only your interests - you want a buyer's agent. If you are willing for the broker to represent both you and the seller at the same time - you are authorizing a dual agent. If you do not want the agent to represent you, than by default, they become the seller's sub-agent. Although we are willing to represent you in the capacity that you are comfortable with, we highly recommend you sign a Buyer's Agency agreement with us so that our duties are solely to your benefit.
As your Buyer's Agent we are bound by law to perform the following duties
- Promote your best interests
- Be loyal to you
- Follow your lawful instructions
- Provide you with all material facts that could influence your decision
- Use reasonable skill, care and diligence
- Account for all monies we handle for you
These duties are an absolute minimum. Our goal is to have a completely satisfied client who would recommend our services to others and would employ us again if they needed to buy or sell any real estate. We pride ourselves on our knowledge of the areas we service and on our experience as buyer's agents.
Keep in mind that until you agree to hire a buyer's agent either orally or in writing, we represent the seller by default. Therefore, avoid disclosing any confidential information that you would not want a seller to know until you are confident that you have chosen your Realtor and executed a Buyer's Agency agreement. Mary Jo is an Accredited Buyer Representative and has undergone extensive training beyond what most brokers have which is designed to maximize your representation and benefits.
For more information about agency, call us and we would be happy to send you the complete brochure "Working with Real Estate Agents", published by the North Carolina Real Estate Commission. To view this publication on line, visit www.ncrec.state.nc.us and click on Publications.
Whether you are buying a new home or a resale property in the Raleigh area or the Wilmington area, you should seriously consider hiring a Buyer's Agent. As a real estate team, we have years of experience representing buyers and sellers. We understand the process from both sides of the transaction. Our professional experience as Realtors can help you get the best deal on your next home! There are many reasons to hire a professional Buyer's Agent with experience in the area in which you want to buy a home:
Once you have developed a "wish list" for your new home, hire a Buyer's Agent to find it for you. It will take you months to search through the numerous websites and publications on your own. In the meantime, you may miss your dream home. Most sellers work with Realtors, and therefore have their homes listed in the local MLS, an electronic database of all homes listed for sale in that area. We can quickly identify the homes that fit your criteria and arrange for you to view and inspect these homes. We will attend these showings with you and help discover any potential problems and/or assets of a home. At NC Realty Solutions, we are dedicated to helping you find the right home for you and your family. Don't spend hours searching all the websites out there on your own! If you are not working with another Realtor, we can set you up on your own private search engine that will allow you to search the local MLS in "real time." There are many websites out there that advertise homes for sale. Not many of them are capable of keeping you in touch with the static market. Our search engine will allow you to keep track of homes that fit your criteria. Once your search is set up, you will be notified by email when a new listing comes on the market, photos are updated, or if it has a price reduction or goes under contract. This can save you hours of searching on your own, while also allowing you to be first in viewing homes as they come on the market!
In addition to identifying prospective homes for you, we can help educate you on the area. We have knowledge about the schools, parks and recreation facilities and programs, local shopping, transportation issues and future development. We can also provide you with information on the prices of comparable homes in surrounding neighborhoods.
Buying a home involves many other professionals besides a Realtor. As a buyer you will most likely need the services of an attorney, appraiser, home inspector, pest inspector, mortgage company, insurance company, and possibly other professionals such as general contractors or engineers. With our extensive referral network we can recommend several different professionals in these areas to allow you to choose the best one for you.
Perhaps the single most important service that we can provide you as your Buyer's Agent is preparing and presenting the offer to purchase. Most buyers should never make an offer to the seller directly or use a dual agent. Unless you have specific training and experience in this type of contract negotiations, let a professional handle this for you. The offer to purchase is the beginning of the protracted, detailed negotiation of a legal contract that will set the stage for the terms and conditions under which you will purchase your new home. It is crucial that a professional that knows how this works and is negotiating on your behalf represents you.