Advantages of an Exclusive Buyer Agent
An Exclusive Buyer Agent, according to the American definition, is a real estate professional committed exclusively to work for buyers and future tenants. An Exclusive Buyer Broker never takes listings and therefore never represents the seller and landlord in a real estate transaction.
Working with an Exclusive Buyer Agent implies a reduction of the buyer and tenant search time and may as well imply money savings. Finding a property that suits you can be a time-consuming experience especially if you are not familiar with the process. You can always get the help of an Agency, but do you think you are getting shown all the properties that will work for your unique needs? If you work with an Exclusive Buyer Broker ALL PROPERTIES in the market will be available, not just the listed ones, but also the “for sale by owners” and new construction.
As an Exclusive Buyer Agent works only for the buyer and tenant, there is no conflict of interest. An EBA never represents both parts. There is an increase in consumer awareness that is encouraging the creation of new brokerage contracts such as buyers representatives who position themselves and are more motivated and focused in finding the suitable home for their clients.
An Exclusive Buyer Agent should always be obliged to disclose information: who pays your commission, and whose side you’re on; the buyer or the seller.
An Exclusive Buyer Agent will calculate for you the fair market value of the home an will assist you in developing an offering price. Will provide and interpret information on comparable homes and will negotiate in your behalf. Will recommend the professional services you need and will negotiate terms and conditions in the contract that offer a greater protection to buyers.
In summary, a professional who will represent you and look after your interests in deals as important as purchasing a house or renting a home.