How to Choose the Best Raleigh Real Estate Buyers Agent
All North Carolina real estate Buyers Agents are not the same!
Most Raleigh Real Estate Buyers Agents work for Real Estate Agencies that list homes for sale. These agents may also take listings for their company, which in this case, they also work as Sellers’ Agents. If you call this agent on one of their listings, they must work for you as a “Dual Agent” (representing both the Buyer and the Seller at the same time)
Some Buyers Agents work under a “listing agent” and then works with prospective buyers who call about the homes for sale by the “listing agent.” NC real estate law refers to these agents as “Designated Agents.”
Neither of the above types of Buyers Agents are real 100% Buyers Agents. To learn more view the NC Real Estate Commission’s “Working With Real Estate Agents” brochure.
Buyers Agents who work for an Exclusive Buyer Agency are the only ones who can guarantee 100% exclusive buyer representation from the beginning of your home search to the end of your transaction. FOR HomeBUYERS was established in 1991 and was the first and only Raleigh Exclusive Buyer Agency in Wake and most of the surrounding counties. Our 23+ years of service speaks for itself along with our many, many satisfied client testimonials.
Here is what an Exclusive buyer’s agent is in a nutshell: Think of the Acromym, “PNAR”.
P Your Protector. This licensed agent knows how to help you avoid getting harmed in real estate purchases (paying too much, getting a house with hidden defects, etc) and how to protect your best interests. In most states of the US, they can also opt to be a transaction broker or faciitator all of the time, or under certain circumstances. You are best protected if you sign up to work with a licensee as a buyer’s agent.
N Your Negotiator. A good buyers agent is an excellent negotiator. Negotiation skills are quite different from the skills of a salesperson. Buyer’s agents should be available to you to not “sell” the property to you, but rather be outstandingly proficient in the area of negotiation.
A Your Advocate. During the entire process of looking for and negotiating on your behalf for a property, your buyer agent should be an advocate for you. They should know the positions to take and the clauses to write up in your offer to help get you the best price and terms.
R Your Representative. North Carolina offers various ways consumers can choose to be represented. Doesn’t it make sense to pick a representative relationship that would most benefit you as a buyer? A skilled representative will interact with the other side of the table in a way that makes your motivation and highest acceptable price invisible to the other side.
Not all buyers agents are alike, and it is very smart to carefully interview and select the best. It is after all, the biggest financial transaction most of us are likely to make in a lifetime. Agent interview questionnaire.