Many people are not aware of the difference between a “ Buyer’s Agent” and a “Seller’s Agent”. The traditional Seller’s Agent represents sellers and specializes in listing properties. The Seller’s Agent signs a contract or listing agreement and has the responsibility to get the seller the most money possible for the property. If you, as a buyer, call the phone number on a listing sign and ask to see the property, there are a few things you should be aware of. First of all, if you meet the listing agent by yourself at the property, you should know that this agent represents the seller, not you. It is legal for the agent to work with you directly but they must disclose to you that they have a conflict of interest and it must be in writing. A lot of people are not aware of the relationship between the Seller’s Agent and the property owner. Most of the experienced professional Seller’s Agents will recommend that buyers find representation in the form of a Buyers Agent. Most buyer’s agents do not charge a fee to their clients and get their compensation from the seller. There is a trend towards buyer’s agents starting to charge for their time if they are setting up tours for clients that are just getting a feel for the area and have no intention of buying anything. Most people understand that no one could afford to work for free. If you are ready to start your journey for that perfect home that you have dreamed about, you owe it to yourself to find a good buyer’s agent. Probably the most important thing you should look for is someone who communicates well with you. You really do need help in your search and especially when you find the home you want and need to write an offer. Unless you are experienced in writing Real Estate contracts, you would be at a big disadvantage. Can you imagine finding the right home after several months of looking, only to loose it because your offer is unrealistic. Do yourself a favor; find a Buyer’s Agent as soon as possible.
We are providing our personal thoughts and opinions on the real estate market in Las Vegas, Nevada. You will find articles with editorial on local, national and international real estate issues. Plus information for home buyers, sellers and owners.