Looking to Buy?
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Buyer Representation Advantages!
For most of us, buying a house is one of the most important and stressful decisions that we'll ever have to make. It's so important that psychologists caution us not to buy a house at the same time as we undertake one of life's other big challenges -- getting married or changing jobs! And, of course, buying a house is very important from a monetary standpoint as well. Financial planners tell us that -- at retirement --the equity in a primary residence represents more than half the value of the average individual's portfolio.
When Buying a Home You Need Representation!
"What is Buyer's Representation?"
Whereas a listing agent (referred to as the seller's agent) represents the seller and is obligated to work on behalf of the seller, a buyer's agent (referred to as the selling agent) represents the buyer and is obligated to work on behalf of the buyer. The term buyer's representation refers to the service and protection offered by a buyer's agent, particularly in assisting a buyer with submitting an offer and negotiating a contract.
A buyer's agent positions himself early on as your advisor, protecting your best interest and working as your personal advocate. This is why consumer advocacy groups have embraced buyer's representation and encourage home buyers to use the protection and representation skills of a buyer's agent.
"How can a Buyer's Broker save me money?"
A buyer's agent will determine a negotiating strategy with you that utilizes the history of the subject property, comparable values, the sales price of other homes in the immediate neighborhood, as well as your wants and needs. National surveys have been done that show buyers using buyer agents save on the average of 6% more off the list price than buyers using traditional agents. There are no guarantees, but doesn't it make sense that you stand to do better with someone on your side than with someone who is legally and ethically obligated to the seller? A good buyer's broker will also help you shop for the best mortgage loan and insurance programs. Home buyers love the level of service and savings realized.
"How does a Buyer's Broker get paid?"
Usually from the transaction, the same as any other cooperating agent. Most brokerage firms and sellers agree to a cooperating fee for the broker who brings a buyer to the transaction. So it shouldn't cost you any more to use a buyer's agent, and it will probably cost you less, given the buyer broker's commitment to save you time, energy and money. It is important to specifically discuss compensation issues before you agree to engage a buyer's agent.
The Virtsteam proudly provides full service buyer representation throughout the entire homebuying process while taking care of the personal needs of the buyer. We'll give you sound professional advice that helps you make informed decisions. There are no extra costs, just extra benefits!
Here is a list of services and benefits you will receive when using the Virtsteam to represent you in your next real estate purchase!
- Locate properties that match your search criteria
- Provide you with property data
- Arrange property showings
- Assist with financing options
- Explain forms and agreements
- Monitor escrow and closing
- Receive brokerage fee from commission offered by seller
- Give you unbiased advice and counsel
- Prepare and discuss with you a Comparative Market Analysis of the property
- Keep your bargaining and financial position confidential
- Promote and protect your best interests
- Negotiate the best price and terms for you
- Point out reasons not to buy
- Pass on information that may enhance your bargaining position
- Assist in writing the offer with your best interest in mind
- Negotiate home inspection repairs
But we're more than just a local realtor! A proud member of the National Association of Realtors, Virginia Association of Realtors, Dulles Area Association of Realtors, the Virtsteam is ready to serve you whether you live across the county, across the country, or across the globe. Clients from all over call on the Virtsteam for the right house at the right price! We are members of the Multiple Listing Service and have access to every house, condominium, co-operative, and parcel of land listed for sale in Northern Virginia. We are expert agents and can make your home buying experience easy and satisfying. Trust us, we can help! We will educate, fully represent and advise you throughout your next real estate transaction. Call us today!
If you are interested in learning more about our Buyer Representation Services, please complete the form below and we will contact you immediately!
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