Real estate buyer's agents (or buyer's advocates
as they are also known) are engaged by people who want an expert,
professional adviser on their side.
Don't be confused about the role of real estate sales agents.
Selling agents are contractually and ethically obliged to represent
their seller's best interests at all times and to get the highest
possible price for their property. Even though they will help
you and may be very nice towards you, they work for the seller,
not the buyer. It's required of them by law!
A property buyer's agent is responsible entirely to the buyer,
and to buy the best possible property for each client, at the
best possible price.
Key things to check about your buyer's agent
Are they completely independent of selling agents, vendors, property
developers and project marketers? Who pays their fee? That is
the person they are obliged to do their best for. If it is not
you that pays their fee, then they represent the best interests
of somebody else, not you. This is absolutely critical, so you
know you will get objective advice on choosing and buying the
property that is best for you.
Do they refuse to accept any fees, commissions or 'kickbacks'
from sellers, builders or developers? Then you can be sure they
have no reason to recommend one property over another except that
it's in your best interests.
Property Wizards is a licensed buyer's agent that only represents
you, the buyer.
|
