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Gloria Matthews

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Buyers Agency

Why Buyer Agency?

 

What is the role of the buyer’s agent?

Once you hire a buyer’s agent, the first step is to create a customized home-buying plan around your needs, lifestyle, and schedule.  The process of searching for your dream home, the times it will be done, the communities you will consider, and the data sources you will use must all be covered.

Your agent should accompany you to showings, point out features you may overlook (either good or bad).  An experience buyer’s agent will know how to guide you from the seemingly endless amount of information and details to focus on what matters, but most of the buyer’s agent work and responsibility begins once you find your home.


Maryland

Think of your buyer’s agent as your home-purchase adviser and manager.  From submitting an offer, negotiations, inspection, purchase and sale contract, mortgage commitment to closing, the buyer’s agent role is to ensure every part of the process and is done, and represent your interests doing so. A buyer’s agent has a  responsibility to the buyer client.  This  obligation includes every aspect of the home buying process, from the home search through he transaction negotiation, a home buyer’s interest are my only priority.   You will be provided a copy of the Laws of Agency, as required by the state and requires your signature of acceptance of delivery of these laws.  The role of the buyer’s agent is to advice, consult, guide and oversee the process of your buying process.  At every step of your home buying, from the initial home search to the closing, (and after), my job is to ensure your interests are represented and protected.   Learn more about all the moving parts in the home buying process page.

 

In the State of Washington, We have a Statutory Obligation to represent your interests.  An obligation that does not arise from a contractual relationship, but one created under the Law.

 

BUYER’S AGENT COMPENSATION FAQ

How does real estate commission work?

A listing contract between a broker and a home seller includes a commission clause.  The commission is to be split between the seller’s agent and the buyer’s agent.  For sale by owners almost always offer a commission to buyers and I require this in writing to avoid misunderstandings.

How does a buyer agent save me money?

Some people mistakenly think working without a buyer’s agent will save them money.  This is not the case!  The total commission is included in the listing agreement between seller and his broker, and already figured into the price of the home.

The buyer’s agent compensation is  posted on multiple listing service.  This listing serves as a contract between the brokers.

When working with a buyer agent you will make better choices about the price you’ll be willing to pay.  You will also be represented in negotiations not only in the offer stage, but after inspection and through the whole transaction.  Better decisions will save you time and money.

What happens if the seller’s commission is less than the buyer agency contract’s?

This rarely happens.  One of the reasons for the buyers agency and compensation agreement is that I will show you ALL listings, and not be clouded by the compensation offered.  In the event a listing has an exceptionally low compensation, they buyer may include the additional cost at closing or negotiate closing costs with the seller.

 

 Schedule your home buyer consultation and receive my Home Buyer Guide!

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