- Media experts recommend using an Exclusive Buyer Agent -
- Smart Money
…To ensure that you get the home you want at the best price, seek out so-called exclusive buyer’s agents, or brokers who work solely on behalf of buyers…
- Wisconsin Real Estate Magazine
…Unless a licensee is working as a buyer’s agent, that agent can’t give the buyer advice that is contrary to the interests of the seller. In simple terms, few buyers want to go through a showing if the agent they are working with can’t tell them that a property is overpriced.
- Bankrate.com/Christopher Cruise
Why choose a buyer's agency? While any agent will arrange property showings, suggest sources of financing, provide accurate information, explain the forms and agreements, and monitor the entire process, a buyer's agent should perform services for you that the seller's agents can't, such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you rather than the seller as in most standard contracts; and keep confidential any information that could hurt your bargaining position.
- ConsumerReports.org
…A “buyer’s agent” works exclusively for the buyer, and so has a fiduciary responsibility to negotiate the lowest price possible. …A buyer’s agent will help locate suitable homes, do the background research that helps in negotiating a fair price, and work out the terms of sale and contract contingencies. …Consider an exclusive buyer-broker who will represent only you, not the sellers.
- HUD'S New Settlement Cost booklet (page 6)
It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an "exclusive buyer's agent", who will be working for you.
|