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Buyers Broker
Linda Martain
August, 8
 A buyers' broker, unlike a real estate agent in most cases, is required only to represent the interests of the home buyer. This makes a difference in terms of whether an real estate agent broker is trying to get a better deal for the buyer or the seller. For example, in instances where you, the home buyer, make an offer but are willing to go higher if necessary, a buyers broker is not required to disclose that fact to the home seller or their representative, therefore improving your chance of getting the home for the lower price. This can be particularly helpful for the first time home buyer.
Buyers' brokers are no different from realtors in terms of professionalism, and in fact can receive the designation of Accredited Buyer Representative (ABR) from the National Association of Realtors. This is your best bet for receiving fully qualified representation for your home buying experience. ABRs receive special training in all areas of representing the buyer, including negotiating throughout the process of viewing and making an offer, completing the full sales agreement, arranging financing terms, fees for inspections, closing costs, all paperwork, and conflict management.
When going through the home buying process, you can sign a buyers agreement with a real estate agent broker securing their services as an advocate and representative on your behalf. Or, you can work with a transactional broker, however this is not the same as advocacy, and you assume all risks should something go sour. For these reasons, it is recommended that you choose to work with a buyers' broker right from the beginning and eliminate the problems you may run into on your own, or without adequate representation. Like other forms of representation, your buyers' broker fees are typically still paid by the seller as part of the closing costs, so it makes sense to take advantage of their services and ensure your needs and rights as the buyer are fully covered.
Like any large legal transaction, there is a lot involved in buying a home that the average home buyer is unaware of, from determining the condition of the home, to finding the best mortgage for your situation. Hiring a professional is the best way to alleviate the stress involved with making such a big decision, and erase the fears associated with all the potential unknowns throughout the process of comparing potential homes and the eventual purchase.
Whether you are looking to buy or sell a house or other type of property, choose the real estate agent broker, commercial real estate broker or other qualified professional whose training is specific to your needs. From realty listing to closing the deal, take advantage of the expertise available for a much smoother home buying experience, and find your way to the house of your dreams.
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