Why Choose a Raleigh Real Estate Buyers Agent
With all the tools and advice available today you might think you can purchase a home without the help of a real estate professional.
The housing market, like politics, is basically local, and each state, city, and even neighborhood has a thicket of local laws or customs that you need to understand. For that, it helps to have a professional to guide you, preferably, a Raleigh real estate Exclusive Buyers Agent.
You might want to start by finding an agent who can represent your interests in the search. This is not as simple as it sounds. Sure, 85% of sellers list their homes through an agent – but those agents are working for the seller, not you. They’re paid based on a percentage, usually 5 to 7% of the purchase price, so their interest will be in getting you to pay more. If you choose a Buyers Agent who works for the company that has the home listed you may encounter a conflict of interest.
That is why you need what’s known as an “exclusive buyer agent.” Sometimes buyer agents are paid directly by you, on an hourly or contracted fee. Most often they split the commission that the seller’s agent gets upon sale. A buyer’s representative has the same access to homes for sale that a seller’s agent does, but his or her allegiance is only to you. FOR HomeBUYERS is a Raleigh real estate Exclusive Buyer Agency. We never have a conflict of interest because our agents are Exclusive Buyers Agents and never take listings or work for sellers.
To complicate matters, there are hybrid agencies called either single-agency or dual-agency brokers. In both cases, an individual agent in the firm may represent either sellers or buyers, sometimes both, in the same transaction. Potential conflicts of interest abound in this situation, so if you are seeking a buyer agent but no exclusive buyer agent is available, make sure to ask the agent about conflicts of interest. Use our Agent Questionnaire to determine the agent’s loyalty in representing you.
For more information on Exclusive Buyer Agents and the level of representation you will receive Contact Us or call 919-878-1110, text 919-219-9878, or email Allen@ForHomeBuyers.com.
FOR HomeBUYERS serves the entire Triangle of North Carolina which includes Raleigh, Durham, Chapel Hill, NC.