So You’ve Decided to Buy a Home…

What you should know about Buyer representation

How often do you purchase real estate? Once, twice, three times in your lifetime? So you can hardly be expected to know all the ins and outs of such a major transaction complicated by so many details. In most transactions, sellers are represented by a listing agent who minds these details and their client’s best interests. As a buyer, don’t you also want complete and fair representation in your real estate transaction? Real estate buyer’s representatives are responsible for protecting the best interests of their clients…buyers like you…and can guide you through every step of the process. So the first step, and perhaps the most important, is finding your buyer’s representative.

What is a Buyer Representative?
Defined most simply, a buyer’s representative (or buyer’s agent) is an advocate for the buyer…not the seller…in a real estate transaction. Buyer’s representatives in Nebraska owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and keep their best interests in mind through the entire transaction. It is also a good idea to look for an Accredited Buyer Representative (ABR). These three letters after a Realtor’s name is a designation held solely by agents who have met the educational and practical requirements set forth by the Real Estate Buyer’s Agent Council (REBAC) and who demonstrate skills and knowledge to best represent homebuyers.

Why Should I Use a Buyer’s Representative?
The two most important reasons to use a buyer’s representative are protection and efficiency. Most likely, the seller, or in the case of new construction, the builder, of whatever property you buy will be represented by the listing agent who can provide expertise throughout the transaction, although the listing agent is working for the seller, not you, the Buyer. Don’t you want the same kind of service as a buyer? A buyer’s representative can provide you with the expertise you need through the entire transaction, without a conflict of interest, and keeping your best interests in mind.

What does it cost to use a Buyer Representative?
The buyer pays no commission to the buyer representative. The seller of the property, or the builder in new construction purchases pays the commission due the agent. It’s like having your own personal assistant making sure the transaction goes smoothly, and putting your buyer’s interests first. And best of all…the buyer pays no commission.

If you’re interested in being represented in your new home purchase, please contact me.

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