Cary Real Estate Blogger - A Blog by Linda Lohman

Cary NC-Does Your Real Estate Agent Work for You?

Cary NC - Does Your Real Estate Agent Work for You?

Does your real estate agent work for you? It depends?

 Are you working in Cary NC with a Real Estate Agent and have a SIGNED Buyer's Agency Agreement?

 If not, your real estate agent may be working for the SELLER and you don't even know it!

Let's start form the beginning.
Most consumers do not truly understand how real estate agents work.
  • All real estate agent work for someone at all times.  They are either working for you the Buyer or the Sellers.
    • If you DO NOT have a SIGNED Buyer's Agency Agreement they are working for the Seller as the Seller's Sub-Agent.
      • Any confidential information you share with the real estate agent at this point can be shared with the Seller.  It's like talking directly to the Seller yourself!
        • You must move within 30 days and love this home.  Do you think that information would give the Seller a negotiation edge?
    • If you have a SIGNED Buyer's Agency Agreement with the real estate agent they work for you the Buyer.
      • Any confidential information you share with them MUST be kept confidential.  Your bargaining position is protected. 
  • Exception: NC Real Estate Commission allows for a "short-term" verbal Buyer's Agency Agreement.  Short-term defined as no more than 3 days.
ASK yourself:
  1. Has your real estate agent disclosed who they are working for the buyer or the seller?Cary NC real estate agent -Linda Lohman
  2. Have you told your real estate agent information that would give away your bargaining position?
  3. Where's a pen?  
The bottom line is that the NC Real Estate Commission heavily protect the consumer, you the Buyer.  Many prospective home buyers have a fear of the Buyer's Agency Agreement because they believe it will lock them into an agent they may not want to work with long term.  A great solution is to interview your prospective Buyer's Agent.  
 

How about signing a Buyer's Agency Agreement with a 24 opt-out clause?


 After a full day looking at home with a real estate agent you will know if you are a good match.  Look for an Buyer's Agent that spend time getting to know you and your needs ahead of time. I often tell clients that buying a home is an emotional process so you need someone you're comfortable with to advocate for you through the transaction.

Looking for a Buyer's Agent who has your best interest at heart? CallLinda at 919-454-6720


Copyright ©  by Linda Lohman, ALL Rights Reserved,  *Cary NC-Does Your Real Estate Agent Work for You?*

Cary NC - Does Your Real Estate Agent Work for You? was first published on Cary Real Estate Blogger.com A Blog by Linda Lohman




 

Are you looking for a REALTOR that is:

  • a former teacher that knows the schools system
  • has lived in the area for over 15 years
  • has expertise to get the job done?

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2 comments • Linda Lohman- Former Teacher/Broker • November 20 2009 11:56AM