First, it’s important that you understand whose interests REALTORS® are legally bound to serve in a real estate transaction.
Listing Agent
The Listing Agent is under contract with the seller to market and sell their property for the best possible price. Working with a listing agent means that they can:
- Arrange a showing of the property.
- Provide factual details about the property.
- Explain all the forms and agreements related to buying the property.
Buyer Agent or Your Personal REALTOR®
When you engage the services of your own personal agent – someone who is under contract to work solely in your best interest – you get all of the same services listed above plus your personal REALTOR® provides:
- Confidential assistance that addresses your needs first.
- Honest, loyal and diligent care, free from any conflicts of interest.
- Access to all listings including MLS®, bank-owned properties, distress and estate sales, and homes that were on the market where the seller might still be interested in selling.
- Expert advice on useful clauses such as home inspections and financing to protect you fully.
- Expert negotiation of the offer to purchase, to achieve the best possible price and terms.
- Expert advice on market value, inclusions, location, as well as help you decide when you should walk away.
- Discovery and disclosure of all information about the property including liens, warranties, disclosures, seller’s purchase price, and market and planning activity in the area.