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Health & Fitness

Buyer's Agents: What are Their Responsibilities?

What to consider when hiring a buyer's agent.

I have often been asked to describe the role of a buyer's agent. The best description that I have found is taken from REBAC--Realtors and Accredited Buyer's Representatives.

As per REBAC, buyer agent responsibilities include:

- Evaluating the specific needs and wants of the buyer and locate properties that fit those specifications.
- Assisting the buyer in determining the amount that they can afford (pre-qualify), and show properties in that price range and locale.
- Assisting in viewing properties - accompanying the buyer on the showings, or preview the properties on behalf of the buyer to insure that the identified specifications are met.
- Researching the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property.
- Advising the buyer on structuring an appropriate offer to purchase the selected property.
- Presenting the offer to the seller's agent and the seller on the buyer's behalf.
- Negotiating on behalf of the buyer to help obtain the identified property and keeping the buyer's best interests in mind.
- Assisting in securing appropriate financing for the selected property.
- Providing a list of potential qualified vendors (e.g. movers, attorneys, carpenters, etc.) if these services are needed.
- Most importantly, fully-representing the buyer throughout the real estate transaction. 

When considering hiring an agent for the position of purchasing a home, I would always suggest interviewing in person. For most people, purchasing a home is one of the largest financial decisions that they will make during their lifetime so carefully select someone who you believe will work in your best interests.

Catherine Lindstadt REALTOR - Please feel free to contact me for assistance at anytime!  631-266-6113 clindstadt@elliman.com 

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