Get a Buyer Agent
Virginia law allows Buyers to be represented as well as Sellers. You see, when a Seller lists his/her property with an Agent, that Seller signs a contract with that Agent and firm to represent that Seller. But in Virginia, you, as the Buyer, have the right to sign a contract with an Agent to represent your best interests. Your Buyer Agent's job is to get the best house at the best price and terms for YOU!
Helpful Hint:
All Agents are automatically Seller’s Agents because the Seller has signed an agreement to put their home in a listing service and make it available for all Agents to show. All Agents who are part of the listing service are part of this agreement. The only way to have an Agent on your side is to sign a Buyer Representation Agreement with an Agent to represent your best interests.
When you meet with an Agent to discuss a specific real estate transaction, that Agent is required by law to disclose whom he/she is representing. That disclosure should be in writing.
Why Have a Buyer Agent?
A Buyer Agent's job is to find the best house at the best price, terms and conditions that are acceptable to you. A Buyer Agent must disclose to you everything he or she knows about the house and the Seller's situation. A Buyer Agent can do a market analysis on the home and give you his or her opinion of the price of the home as reflected by the most current market conditions. You get more service than someone who just opens a door to show you a home.
How Much Will a Buyer Agent Cost Me?
Even though you sign a contract with a Buyer Agent to represent you, the Agent gets paid in most cases by the Seller at closing. The Seller has already agreed in his/her listing agreement to pay a Buyer/Agent to sell his/her home. It does not cost you any extra to be represented and it may save you money!
Helpful Hint:
Your Buyer Agent can represent you in the purchase of a “For Sale By Owner” property. This can save you money and hassle when dealing with an Owner who does not know what he/she is doing.
Fill out the information in the form below to request more Buyer Reports for homebuyers from The LaDawnSellsHomes Team.
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