Why Choose Accredited Buyer Representation
Until recently, real estate agents always represented the seller, not the buyer, in real estate transactions. Even that real estate agent who drove you from house to house looking at properties was not working on your behalf. By law, the agent was always required to get the highest price and best terms possible --- for the seller!
Recent market developments have caused all this to change, as more and more real estate agents and companies are offering to represent the buyer in the real estate transaction. You can now have an agent specifically committed to representing you, from the initial selection of properties, to the contract negotiations, to the settlement table.
More than one million people in the United States are licensed to sell real estate. Of those licenses, very few are Accredited Buyer Representatives. Consumer advocacy groups have endorsed such representation, and licensing laws in virtually every state are now being reformed to enable and encourage representation for the buyer.
Whether you're a first time buyer or an experienced buyer, it is good to know that your real estate agent has your best interests in mind as you select a home.
Property Search
Your buyer representative will appraise your particular criteria for a house and neighborhood, then search for properties that fit those specifications. Your buyer representative will set appointments for showing and monitor the market as new listings become available.
Market Data
Market value is determined by many factors, including the availability of similar properties at competitive prices, location, condition, and most of all the price that a knowledgeable buyer is willing to pay. Your buyer representative will provide market data to help you establish an offering price.
For Sale by Owner, Discount Brokers, and Foreclosures
These sellers only add their homes to the MLS, they haven't any representation, which it is why it's important that the buyer should be represented by an agent to protect their interests. The sellers generally do not have the correct paperwork, disclosures, which could hurt the buyer in the end.
Purchase Offer
There may be other considerations besides price that are equally important in structuring a purchase offer. The terms and conditions of the offer, amount of deposit and possession date are likely to be factors when an offer is made. Your buyer representative will help in your preparation of a purchase offer.
Negotiating
When a purchase offer is made, the sellers may be concerned with certain aspects including the ability of the purchasers to fulfill their agreement, the terms and conditions of the offer, the breakdown of closing costs between buyer and seller and even the motivations and lifestyle of the prospective new owners! Your buyer representative will help structure a negotiating strategy that will create the desired result.
Handling Details
A lot has to happen between signing the purchase offer and moving into a new home. Your buyer representative will attend to the details and keep you in touch with the transaction each step of the way.
Sellers list their homes with real estate agents to ensure professional representation throughout the home selling process. As a buyer, you deserve that same kind of service! Save Time, Money, and Disappointment always hire an Accredited Buyers Representative by looking for these letters...ABR, and buy smart.
Nina Schultz
Accredited Buyers Representative (ABR)
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