Buyer Agency

Why Buyers choose to be represented by a Realtor

The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate Buyer’s Agent Council (“REBAC”) of the National Association of REALTORS® who meet the specified educational and practical experience criteria.

5 Reasons to Sign a Buyer Representation Agreement

Buyer Agency is protection for you ‘the buyer’ to ensure that your agent is working on your behalf only.

What is this form?

A Buyer Agent Representation Agreement is…

A legal document that formalizes your working relationship with a particular buyer agent representative, detailing what services you are entitled to and what your buyer agent expects from you in return. While the language used in the document is formal, home buyers should view it as an important and helpful tool for clarifying expectations, developing mutual loyalty and most importantly, elevating the services you will receive.

Why should you sign it?

1. You will receive a higher level of service…

When we create a buyer agent relationship you can expect to be treated like a client instead of a customer. What’s the difference? Clients are entitled to superior services, relative to customers. While the details vary from state to state, and from one buyer agent to another, you can generally assume that being a client means that you’ve formed a fiduciary, or agency, relationship with your buyer’s representative.

What will this service cost?

2. Hire a buyer agent at no cost to you…

In almost every case, home sellers have already agreed to pay a buyer’s agent commission.

Most For Sale by Owner sellers will also negotiate paying the buyer’s agent commission. If you approach a For Sale by Owner Seller without a buyer agent, two things will happen.

The seller will not give you a break in the price just because they are not using a listing agent and the seller does not know how to handle all the contracts, disclosures, mortgage information and many other related tasks that need to be done in order to get to settlement. Nor are they working on your behalf. Who will be representing you? Who will be constructing the offer to purchase?…I will!

While buyers rarely pay real estate commissions, this is an important detail to discuss prior to signing a buyer representation agreement.

What can I expect?

3. Avoid misunderstandings…

A Buyer’s Representation Agreement defines our expectations, helping you understand what you should expect from me and what I will expect from you…usually loyalty. As your Upper Dublin, Blue Bell, Horsham and surrounding area Realtor®, I will guide you every step of the way from Viewing all the homes for sale that meet your criteria, to financing options and negotiating your contract in your BEST INTERESTS for the most favorable terms for you. As your local real estate expert, I will provide access to search for all the best and newest homes for sale. I will provide you with information about market value and neighborhood trends so you can make the MOST informed decisions.

How does it work?

4. Agency relationships are based on mutual consent…

While most representation agreements specify time period, they can be terminated early. I offer my clients and…easy exit…from a buyer agent agreement with me. If I am not doing my job properly and you’re not happy with the service I provide, you can give me 48 hours written notice to terminate our buyer agent agreement.

What will this mean for me?

5. Strength as a team…

When we have a buyer agent agreement, within a formalized agency relationship, you have created a team dedicated to helping you achieve the best possible home-buying experience. When you work with a Realtor® dedicated to helping you make all the right decisions when buying your Upper Dublin, Blue Bell, Horsham, or the surrounding area home you can be sure that all your needs will be met and your home buying experience will be successful.

I hope you will let me represent you in the purchase of your new home.

Making this a win – win relationship!