Buyers Agency

A real estate buyers' agent represents the consumer who is purchasing the property in the real estate transaction. This agent owes full fiduciary responsibilities, duties and loyalty to the real estate buyer. The buyers' agent works for the buyer client and has the clients best interests in mind through out the entire real estate transaction process.

Using a Buyers Representative offers the consumer many benefits.
Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
Assist the buyer in determining the amount that they can afford (pre-qualify) and show properties in that price range and locale the consumer has determined.
Assist in viewing properties and either accompany the client on the showings or preview the properties on behalf of the client to insure that the identified specifications are met.
Research the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to making an appropriate offer on the property.
Advise the client on structuring an appropriate offer to purchase the selected property.
Present the offer to the sellers' agent and seller on the clients behalf.
Negotiate on behalf of the buyer client to help obtain the identified property. Keep in mind that the buyer agent will be doing so with their clients best interests in mind.
Review and explain all legal documents to their buyer client.
Recommendations and assistance in securing appropriate financing for the selected property.

Most importantly, the buyer would know that they are fully represented throughout the real estate transaction. After all, in most cases the seller is!

In the case of NEW HOMES you can also have a Buyers Agent. In fact, this is a situation where you definitely will reap great benefits of having someone `working on your side'. Make no mistake about it, the Sales Agents in the Model Homes are highly trained representatives for the BUILDER, and are there to sell you their homes.

However, a Buyers Agent will look out for your best interests and will show you all relevant builders and help you to compare and choose. Buying a New Home you will confront you with numerous decisions and it is of paramount importance that you have a professional on your team and whose sole responsibility is to look after your interests.

Who pays the Buyers Agent?

In Arizona the Buyers Agent is typically compensated by sharing the commission that the seller has already agreed to pay their own agent. The buyer will therefore receive representation at no cost to themselves.

Like in the case of New Homes the buyers' agent is paid from funds the builders have already set aside to market their homes. There are no costs to the buyers and it does not affect the price of the home. On the contrary, a good agent will know if there is any further negotiating room.

• Respond honestly and accurately to all questions.
• Search all available properties ' both resale and new construction, appropriate to your needs and wants.
• Show suitable homes, specifying strengths and weaknesses.
• Provide guidance on best property values.
• Advise on local requirements for professional property inspection and warranties.
• Provide information for any services requested.
• Arrange for property inspection.
• Confirm that needed corrections or repairs to the property have been completed.
• Research and analyze comparative financial data on neighboring properties.
• Offer opinions on value of properties under consideration.
• Consult on appropriate offers to purchase.
• Submit offers promptly.
• Consult on counter offers.
• Assist in choosing the closing authority.
• Review HUD-1 settlement statement for accuracy.
• Retain strict confidentiality in every aspect of the transaction.