Under Virginia real estate law, a seller will typically sign a contract in order to list their property with a real estate firm. Most likely that contract also includes terms that indicate the seller’s interests will be the listing firm’s exclusive priority.
Thus, the seller has a real estate professional representing their needs, so when you visit a home by contacting the listing agent of that home… of course that agent will accommodate you so that you will want to buy the home. That’s what the agent and the seller agreed to in writing.
So doesn’t it make sense that if the seller has their home listed with an agent who is obligated to represent their needs, the buyer ought to have a representative of their own too? Although the listing agent may speak with you, the buyer, about the home, their legal duty is to the seller. And that listing agent is required to share any information that you provide to the agent with the sellers …. information that could be used against you during a subsequent negotiation on that property.
Now what if we told you that you could hire your own professional real estate agent, and they would agree to represent only your own interests, and not the interests of a seller. And what if we told you that you would not have to pay for that representation because the fee for you to have your own agent has already been offered by each seller? It’s true. There isn’t a downside.
When we work as a Buyer’s Agent our duty is to represent your buying needs. There’s no additional fee to have a buyer’s agent, and we specialize in protecting your needs and preferences. You will be the ONLY client we represent in your transaction, never both sides. To put this is simple terms, here’s a link to what are different duties to a buyer who is a Client versus a buyer who is a customer.
From providing transaction information and negotiating your best price, to assisting you with the overwhelming array of inspections and deadlines that comprise the buying process….it’s our job to make sure your buying experience is smooth and understandable. Many issues during a real estate transaction arise because a buyer or seller is unclear about exactly who is representing their own needs.