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7 Reasons To Work With Your Own Westchester County Buyer's Agent

10 Wales Place, Fleetwood NY
10 Wales Place, Fleetwood NY
I find more and more that buyers are calling the listing agent of a property and expecting them to have their best interest in mind. The listing agent represents the seller in a transaction, and always has the sellers best interest in mind. Anything you say to the listing agent can and will most likely be used against you in a negotiation. Your Westchester County Buyers Agent will know what to tell the sellers side without weakening your negotiating position. Here are some questions I want you to consider the next time you are on the fence about whether to work exclusively with one...

1) Do you know how to comprehend all of the local market data to best understand what is a good value, current trends, and absorption rates?

2) Are you familiar with a common residential real estate contract and how to interpret various clauses to protect yourself from making common buyer mistakes?

3) Do you know what not to say to the seller to hurt your negotiating position?

4) Do you know the zoning regulations, building codes, and any other laws pertaining to real estate in the area you desire?

5) Are you familiar with the various loan types and special programs that you may qualify for?

6) Do you have the expertise to negotiate on your own behalf, especially if the seller has an agent negotiating for them?

7) Are you familiar with all of the documentation that is needed to complete a transaction in your desired area?

There is typically no fee for the expert services of a Westchester County Buyers Agent, the seller almost always pays the commission. There are times that a buyer can pay a commission if it is mutually agreed upon when signing buyers agency agreement. Many of items can be negotiated in a Buyers Agency contract, the amount of time you work with your Agent, specific areas, specific homes, etc. Don't be afraid of the agreement, it's there to protect the both of you.Make sure they properly explains the agreement and the entire process to you so that you fully understand. All agents in NY are Sellers Agents (even if they don't know the seller or represent a sellers listing) unless otherwise specified by signing a 443 Agency Disclosure form (this is not a contract, but a requirement at first substantive contact), or an Exclusive Right to Represent contract.

 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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