Why would you go for a buyer representative? More than convenience, there are other reasons why you should seek the service of a buyer representative. Below are some of the reasons why….

With a buyer representative a representative can help you

1. Locate suitable properties as they are more aware of the market.

2. Preview properties and verify conditions as they are experienced in watching screening homes and looking at the important areas to focus on in an inspection.

 3. Suggest experts, if necessary, as they know or worked with some of them. They would know if they would be competent to the job.

 4. Help you determine how much you can afford considering property value, moving in cost, property taxes and utilities.

5. Advise you on how to construct the offer sheets and help you negotiate a more favorable contract terms then present it to the seller’s representative.

6. Explain to you legal requirements and documents needed for closing and helping you secure them.

7. Assist you in securing financing and analyzing which could be more advantageous.

8. Assist you and the seller as well in clarifying title, zoning, building codes, and access easements.

9. Refer you to qualified vendors/representative as most probably they know who they are and the status of the properties they are selling.

If so you decide to get a buyer’s representative, there are fees involved.

Contingent fee. The buyer’s representative will be paid only if you found and bought a home. Buyers often respond well to this option, as it parallels the way selling and listing brokers often are compensated.

Noncontingency fee. This fee is payable whether you buy a home or not. In case, there is no sale made, you may be responsible for the fee. Be sure to make this is clear to you and your representative when you establish the agreement.

Consultant fee. You will pay your agent(s) a flat or hourly fee for certain specific services like negotiating the contract or even just help you construct the offer sheet.