When purchasing a home, it’s important to know who is on your team. The Real Estate Agent is most likely working for the seller. Their best interests lay with getting the seller the maximum sale price, as they receive commission based on this. If you are purchasing, you will to have a think about your needs and potentially hire your own agent, a buyer’s agent.
It is important to know that there are two types of buyer’s agents. The first type is an exclusive buyers agent. This is someone who exclusively represents buyers. The other type is a real estate agent who helps buyers and sellers. This agent may be selling a property for a vendor, and also purchasing the property for the buyer! These types of agents sometimes take the backseat and avoid obviously representing one party or the other, but instead, will aid in facilitating the buying process.
If you were looking to sell your home, you want to select an agent who solely has your best interests in mind, and will negotiate on your behalf to secure the best price in the sale of your home.
A Buyers Agent For The Property Buyer
If you were looking to purchase a home, you would want to select an agent who will give you the best advice, help you navigate through the buying process, help you find the right property for you, and ensure you don’t pay too much on that property.
At Wise Real Estate Advice, we don’t believe one person can do two jobs effectively. Representing both the seller, and the buyer in one transaction is frankly, a conflict of interest. Many agents will transfer one party’s care to another agent to thwart any interference.
This isn’t always the case though. If both parties know what they want, know the market and don’t require as much assistance, using a dual agent may be a useful tool. It enables you to feel as though you have more control over the situation, and establish the deal without the ‘middle man’. If this is a scenario, which you believe would work for you, the best way to find this agent is to call the real estate agencies and ask them if they have any agents who represent both the vendor and the buyer.
At Wise Real Estate Advice, we don’t sell properties. We only act on behalf of the buyer and will guide you through the purchasing process with your very best interest at heart. If having an industry leading expert on your team sounds good to you, give the team at Wise Real Estate Advice a call today.