Kingwood Texas Homes for Sale | The Benefits of Buyer Representation When Purchasing a Home
Tuesday, February 9th, 2010In an exclusive right to sell real estate listing agreement, fiduciary duties are clearly spelled out for the Realtor representing the homeowner leaving the home buyer to feel, although they must be treated fairly by the listing Realtor, unrepresented. The important thing to know as a home buyer is that you have the option to choose representation in the real estate transaction that is independent and exclusive. Why should a buyer choose to have buyer representation in a real estate transaction?
Loyalty - The real estate agent bound by a buyer’s representation agreement must act in the best interest of the buyer throughout the real estate transaction.
Obedience - The real estate agent must follow the instruction of the buyer he/she represents as long as the instruction is lawful and not outside the scope of the real estate agent’s expertise.
Disclousre of all material facts from beginning to end - A few examples of disclosure by the realtor include, but are not limited to: the relationship the agent may have either with the listing agent or parties involved in the real estate transaction, the existence of other offers made known to the buyer’s agent, the status of the earnest money and option money checks written to accompany the offer/executed contract, commission splits with broker, and the importance of provisions in the contract.
Confidentiality - When you have a Realtor providing buyer’s representation, you can ensure that any discussions, facts or other important information can be shared in confidentiality. Confidentiality as the buyer is what you should expect when being represented by a Realtor.
Reasonable Skill and Care - You can ensure that you come to a reasonable purchase price after reviewing a comparative market analysis prepared by your Realtor representative. Material facts concerning the property and it’s condition to be disclosed to the buyer (this includes obtaining the seller’s disclosure document from the seller). Also making the buyer aware of the options to have the property inspected including both a home inspection and pest inspection during the option period of the contract.
As a buyer’s representative, Jeremy Williams of Keller Williams Realty NE, represents you and your interests in the purchase of your new or resale home and not the seller’s interest. When you are making one of the largest investments in your life, you should make sure that you have representation, and that representation should be exclusive. In most situations, the listing agreement the selling agent has with the homeowner already includes the commission to pay to the buyer’s agent at closing. This means that you can have exclusive buyer’s representation at the expense of the seller paid at closing.
For more information about buyer’s representation with Jeremy Williams of Keller Williams Realty NE, call Jeremy at 281-387-7689. Jeremy Williams specializes in residential real estate in the northeast Houston, TX area including: Fall Creek Texas Homes for Sale, Summerwood Texas Homes for Sale, Eagle Springs Texas Homes for Sale, Kingwood Texas Homes for Sale, Atascocita Texas Homes for Sale and Humble Texas Homes for Sale. To learn more about Jeremy’s credentials, click here. See why others have chosen to work with Jeremy Williams of Keller Williams Realty NE. Search featured listings by Jeremy Williams of Keller Williams Realty NE.
Jeremy Williams of Keller Williams Realty NE looks forward to working with you as a buyer’s agent soon!
Top Blog Posts by Jeremy Williams of Keller Williams Realty
Read the testimonials from clients of Jeremy Williams.
Kingwood Texas Homes for Sale | Keller Williams Realty NE Free Concert Series at Kings Harbor Featuring the 8 Seconds Band
Kingwood Texas Homes for Sale - Greentree Village | 4/5 Bedrooms, 3/1 Baths, 2 Car Detached Garage
Summerwood Texas Homes for Sale | 4 Bedroom, 3/1 Bath, 3 Car Garage on Cul-de-Sac
