Employing the services of an experienced Texas REALTOR® is similar to using a credentialed accountant to prepare your taxes, a board-certified doctor to care for your health issues, or a certified mechanic to repair your car. If you had the time to devote to learning accounting, medicine, and automotive mechanics, you could perform these services for yourself. Right? But who has the time? This is why you employ the experts.Advantages of a Buyer Representation Agreement

Your Interests Are Professionally Represented

 

Employing an experienced Texas REALTOR® allows you to concentrate on your full-time job, while we concentrate on our full-time job...REAL ESTATE. An experienced Texas REALTOR® will guide you through the home-buying process, which has the following advantages:

 

  • Finding the best property that meets your needs more quickly and conveniently
  • Formulating a fair offer based on current market research
  • Presenting your offer to the listing agent in a professional and timely manner
  • Organizing the due diligence process to include primary and secondary inspections
  • Renegotiating an offer based on outcome of due diligence process
  • Facilitating the timely closing of your new home
  • Representing your best interests exclusively throughout the process

 

Just as your credentialed accountant, board-certified doctor, and certified mechanic understand your specific needs, your experienced Texas REALTOR® thoroughly explores your real estate needs and concerns. This type of relationship is built on open and honest communication. Your REALTOR® can save you money, time, and headaches as your REALTOR® takes care of the “heavy lifting” of the home-buying process.

 

Why Should I Sign a Buyer Representation Agreement?

 

Signing a Buyer Representation Agreement, also known as a Buyer Agency Agreement, with an experienced Texas REALTOR® has countless advantages. By signing the agreement, you are hiring an agent who, by law, must represent your best interests to the best of his or her ability. This personal service comes at no direct cost to you as it is the listing agent who shares his or her fee which has already been negotiated with the seller.

 

Both agents are paid at closing through the seller's proceeds. With buyer representation, you employ a professional devoted to protecting you and your money. After all, purchasing real estate is one of the most important investment decisions of your life.

 

Understanding Agency - Who Works for Whom?

 

Seller Agency (Single Agency)

 

Seller Agency

 

  • Agent represents the best interests of the seller
  • Agent owes the seller fiduciary duties
  • Agent must give the seller all material facts, so the seller can make an educated decision

 

Buyer Agency (Single Agency)

 

Buyer Agency

 

  • Agent will represent the best interests of the buyer
  • Agent will owe the buyer fiduciary duties
  • Agent must give the buyer all material facts, so the buyer can make an educated decision

 

Intermediary Agency Without Appointment (Transaction Broker)

 

Intermediary Agency Without Appointment

 

  • Agent represents both the buyer and the seller equally
  • Agent’s objective is to get a mutually satisfactory agreement among all parties but cannot offer an opinion
  • Agent gives all options to both the buyer and the seller
  • All parties may be present at contract presentation to negotiate on their own behalf
  • All parties are due confidentiality and agent may do nothing to the detriment of either the buyer and the seller
  • Both the buyer and the seller have a right to counsel. Before making any decisions, both parties have the right to seek family, legal, financial counsel, or whatever counsel they deem appropriate

 

A Dedicated Representative Guides You Through the Entire Process

 

Texas REALTORS® are neighborly with other agents, trusted advisors to their real estate clients, a resource for local vendors (lenders, inspectors, surveyors, contractors, etc.), and expert navigators of the local real estate market.

Texas REALTORS® are members of the National Association of REALTORS® (NAR) and the Texas Association of REALTORS® and agree to abide by a strict Code of Ethics and Standards of Practice. We are experts in our field and trusted resources for Texas home buyers.

To recap, an experienced Texas REALTOR® 

  • Can save you time, money, and frustration
  • Knows the housing market inside and out and can help you avoid the “wild goose chase”
  • Can assist you with any home, even if it is listed by another agent and sometimes For Sale By Owner
  • Knows  the best lenders in the area and can help you understand the importance of being prequalified for a mortgage and can  discuss down payments, closing costs, and monthly payment options that suit you
  • Can present your best offer to the homeowner and help you navigate the process of renegotiating based on due diligence
  • Bring objectivity to the buying transaction, in other words we can point out the advantages and the disadvantages of a particular property

Remember, buying a home is a major endeavor, and some say it is the biggest single investment a person will ever make. Enjoying a successful real estate transaction requires knowledge and experience, the knowledge and experience of a Texas REALTOR®. We are committed to understanding your needs and helping you achieve your goals.

 

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About the author: The above real estate information on the Advantages of a Buyer Representation Agreement was provided by Krista Jenkins, a Lubbock, Texas REALTOR®. Krista can be reached via call or text at 806-928-4359. Krista has helped people move in and around the Lubbock, Texas area for the last 7+ Years.

Are you thinking of buying or selling a house in Lubbock, Texas or the surrounding area? I have a passion for real estate and would love to share my buying, selling, and investing expertise with you!

I practice real estate in the following West Texas towns: Lubbock, Idalou, New Deal, New Home, Ransom Canyon, Shallowater, Slaton, and Wolfforth TX.