It’s been a while, hasn’t it?
Well, it’s time to talk about Buyer Representation, and signing paperwork to have your agent represent you.
Is it a good idea? What are the drawbacks?
What we’ve noticed is that most buyers don’t see the benefit of having an actual written agreement stating that their agent is working for THEM. At least in the beginning… until the benefits are explained clearly, and they see how it can be a GOOD thing.
We’ve done a very poor job as an industry of explaining the benefits. Rather, the traditional salesperson has used a written agreement as a weapon of commitment.
The truth is that there are a lot of reasons why the rule-makers made written Buyer Representation agreements in the first place, and there are a lot of reasons why a buyer should consider having one.
We’ll go over the history of why the agreement was created, and specifically how it benefits you in this episode of the podcast.
Ultimately, you’ll need to deal with either a listing agent directly, or have your own representation. But the only way to guarantee that your interests are protected is by having something in writing stating clearly that they will be protected.
We’re always glad to chat more about this topic, or any other real estate questions you have!