Buyers: Why commit yourself to one Realtor?

There seems to be a lot of confusion as to why a buyer should commit themselves to one realtor when they are searching for a home. I think many buyers are reluctant to work with an agent because they may be afraid of being "stuck" with a bad or pushy sales person. While there are admittedly, bad and pushy realtors out there, buyers should interview several agents and find a professional that they are comfortable with.

Did you know that in the state of Michigan, a realtor always represents a seller unless they are under contract to represent a buyer? Let me repeat: A realtor by default always represents the seller. So, imagine you meet a realtor at a home and decide to write an offer on it. The agent starts writing up the paperwork, counter offers are going back and forth and suddenly it you are not sure: who does this agent represent? When things get sticky, you suddenly discover that the agent you are working with and revealing personal financial and strategic information to ACTUALLY REPRESENTS THE SELLER. Don't let this happen to you!

Buyers need a good agent to help them find a home and to close the deal quickly before another buyer comes along. A good buyer's agent will make sure you are prequalified and when you find that home, you are ready to purchase. A good buyer's agent will make sure you don't waste your time looking at homes that cannot finance. A good buyer's agent will make sure you close a clean transaction, and that title work and financing is in order and that everything goes smoothly, beginning to end.

Buyers should also realize that most realtors do not charge a fee until closing. And, other than a small transaction fee, most buyer's agents commissions come out of the sales price and are, therefore, paid by the seller.

Buyers, go find yourself representation in a good buyer's agent!

 

Amy Noyes

Amy Noyes

REALTOR
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