If a buyer can't find an exclusive buyer's agent in their area, they should seek a single agency licensee who is an Accredited Buyer's Representative (ABR) or an ABR with a small dual agency brokerage to minimize the chance of dual agency.
Austin, TX (PRWEB) November 25, 2011
Homes.org recently released a list of the top 10 reasons for using a buyer's agent. The list was derived from detailed feedback provided by numerous real estate professionals across the country. After reviewing the reasons provided it became clear that the better question wasn't why should home buyers use a buyer's agent but why wouldn't they.
"HUD”S Settlement Cost Booklet, “Shopping for Your Home Loan’ advises the home buyer in Section IV on page 6: It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an “exclusive buyer’s agent”, who will be working for you, " points out John F. Sullivan, Vice-President & Associate Broker at Buyer's Edge Co. Inc. "If a buyer can’t find an exclusive buyer’s agent in their area, they should seek a single agency licensee who is an Accredited Buyer’s Representative (ABR) or an ABR with a small dual agency brokerage to minimize the chance of dual agency."
Maxwell Carr Realtor® and Designated Luxury Specialist at First Team Real Estate put it this way, "imagine sitting at a poker table, and there's $200,000 in the center of the table. You're emotionally involved, nervous - get the idea? Rather than risk making a mistake, find representation. A [buyer agent] Realtor® is a professional negotiator, with a fiduciary duty to act in your best interest."
Top 10 Reasons for Using a Buyer's Agent
Based on feedback from real estate professionals actively working around the country, the points below are the most important and beneficial reasons for hiring a buyer's agent.
- It's free
- It's makes the home search and buying process much more convenient
- Market knowledge
- Professional negotiation
- Professional connections
- Insider knowledge
- Access to Comps/Sales Info
- Help Identifying your needs
- Buyer agent is a mitigator of emotions
- Knowledge of industry standards, legalities, and writing a contract
For an explanation of each reason to use a buyer's agent and for more information about Homes.org, please visit: http://www.Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.