Page 13 - Best Chapter Spring 2017

' Ifyou are not ‘working with an Agent, the Listingflgent can ‘work

as a Dual Agent and represent hoth the Buyer and the Seller. In '

this scenario the flgent must maintain a neutra/position and may

not negotiate on either the Buyer or Se//er’s heha/f,‘ nor disclose any

personal or confidential information to either party.

' 'Ihere is also the possihi/ity that the flgent just represents the Seller _ --

and as the Buyer you choose to negotiate on your own. In this case,

anything the Buyer tells the Listing./4 gent ( i. e. your sense of urgency

to close or that you were preapproved for more than the list), can he

relayed to the Seller. 'Ihe S e//er can use that information to get you to

pay more than you might need to.

A Buyer Agents job is to work for the Buyer, mitigate the risks

outlined above, provide the information needed to make an

informed purchase, expertly negotiate the terms of the contract,

and see the deal through. A Buyers Agent works exclusively for

you in a competitive landscape to get the lowest possible price.

Additionally, a Buyer’s Agent can provide: Greg Forest

' Comparable sales, listings and market trends Preferred Group
' Data from MLS map search
' Property sales history and disclosures
' Listings not Yet Piibiic Greg@KayEo|wc1rds.com
' Contract preparation WWW. remaX_oh iO.Com
' Price, closing cost, occupancy, and repairs negotiations
' Help in finding inspectors and contractors

If you are concerned about hiring a Buyer’s Agent because of

paying for the service, don’t be. Most of the time, the fee is

paid by the Seller. When the Seller agrees to list with a Listing

Agent, the Seller agrees on compensation to be paid (average of /

6%) to both the Listing Agent (3%) and a Buyer’s Agent (3%).
In some cases when a Listing Agent works as a Dual Agent, he Preferred '

or she may collect the full compensation (6%). Remember, a 0
Real Estate Agent only gets paid when a property sells. 3

‘ , I.

Because buying or selling a home can be a large transaction

with legal implications, the State of Ohio requires by law that

Brokers and Agents provide the “Consumer Guide to Agency

Relationships” which specifically identifies the role of the

Agents before you enter into a Real Estate transaction. Having

a Buyer’s Agent working for you is a benefit in the home buying

process. The value of the expert helping you when buying

a home will ensure that you have a dedicated professional

working in your best interest to help you secure the home of

your dreams.