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The 10 Dumbest Mistakes Smart People Make When Buying or Selling a Home
Welcome >  > The 10 Dumbest Mistakes Smart People Make When Buying or Selling A Home - And HowTo Avoid Them ...

 

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Real Estate Tips
About Appraisals >Best Interests of the Buyer

Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.

Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.

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Real Estate Trivia
Q 
Where was the first hotel built in the US?

A 
The Union Hotel (1802) Saratoga Springs, NY, is the first hotel emphasizing lodging and services, in addition to food and drink.
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The  J Team, REALTOR®, real estate agents and broker for Vancouver, Camas and Battle Ground, Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

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Keller Williams Realty

915 Broadway, Suite 100
Vancouver, WA. 98660
Phone: 360-852-2154
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Email: JayHomes@gmail.com

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