• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Before Header
LogIn | SignUp
  • My Pledge to You
  • Testimonials
  • Contact
  • 864-335-8490

Wessel Real Estate Logo

Greenville SC Buyer's Agent and Realtor

  • Home
  • Relocate
    • Greenville Real Estate
    • Greenville Homes for Sale
    • Greenville Housing Report
    • Greer Housing Report
    • Simpsonville Housing Report
    • Taylors Housing Report
    • Travelers Rest Housing Report
  • Explore Greenville
    • Downtown Greenville SC
    • Downtown Greenville Churches
    • Downtown Greenville SC Hotels
    • Greer SC
    • Simpsonville, SC
    • Taylors, SC
    • Travelers Rest, SC
  • Browse Real Estate
    • Greenville SC Homes for Sale
    • Just Listed Real Estate
    • Homes for Sale
    • Greenville Condos
    • Farms for Sale
    • Historic Homes for Sale
    • Homes With Basements
    • Gated Communities
    • Golf Properties for Sale
    • Lake Houses for Sale
    • Popular Searches
    • Search Homes
  • Blog
  • Home
  • Relocate
    • Greenville Real Estate
    • Greenville Homes for Sale
    • Greenville Housing Report
    • Greer Housing Report
    • Simpsonville Housing Report
    • Taylors Housing Report
    • Travelers Rest Housing Report
  • Explore Greenville
    • Downtown Greenville SC
    • Downtown Greenville Churches
    • Downtown Greenville SC Hotels
    • Greer SC
    • Simpsonville, SC
    • Taylors, SC
    • Travelers Rest, SC
  • Browse Real Estate
    • Greenville SC Homes for Sale
    • Just Listed Real Estate
    • Homes for Sale
    • Greenville Condos
    • Farms for Sale
    • Historic Homes for Sale
    • Homes With Basements
    • Gated Communities
    • Golf Properties for Sale
    • Lake Houses for Sale
    • Popular Searches
    • Search Homes
  • Blog

The Advantages of Working With a Buyer’s Agent

buyer's real estate agent

07/14/2021 //  by Don Wessel

A home purchase is a big investment. In fact, it’s one of the largest investments you’ll ever make. If you are looking to buy a home, the first item on your agenda is to find the right agent to help you.

You don’t want to work with just any agent. You want to hire an agent that has excellent knowledge of the area in which you are looking to buy a home. You don’t want to use a Greenville real estate agent if you’re shopping in Anderson.

Your agent should know the different styles of homes in the area, and which ones will best serve your needs and affordability. Your agent should also know the market and prices in the area.

Finally, it’s in your best interest to hire an exclusive buyer’s agent to represent you.

Exclusive Buyer’s Agent

Buyer’s Agency describes the relationship between a real estate agent and the buyer being represented.

There are laws and rules that govern this relationship. These laws and rules may vary by state; however, the main idea is the same.

A buyer’s agent will exclusively represent you and not the seller. An exclusive buyer’s agent will put your best interests ahead of everyone else’s, including their own interests.

This doesn’t mean that you can’t use the same realtor when you are buying a new home and selling the old one. Since those are two separate transactions, there is no conflict.

Exclusive Buyer’s Agency Agreement

Your buyer’s agent may have you sign an Exclusive Buyer’s Agency Agreement. This will outline the duties they will perform for you. It will be signed by all parties and will become an enforceable contract between you.

use a buyer's agent

The agreement must have your name on it, the name of the company the buyer’s agent is affiliated with, the end date of the agreement and the fee or commission that must be paid, and how and when it is due.

Most of the time, the seller pays a set amount of commission to their brokerage company, which is then split with the buyer’s brokerage company. That’s how your buyer’s agent usually gets paid.

If for some reason, your agent’s brokerage isn’t getting paid by the seller’s brokerage, there will be a fee charged to you. After all, your agent shouldn’t be expected to work for free.

Buyer’s Agent’s Duties

Your buyer’s agent will have duties that must be performed per the agreement. These duties usually include:

  • Performing the brokerage agreement terms.
  • Seeking a transaction price that meets your needs.
  • Presenting your offer in a timely manner
  • Disclosing material information that should be known to you (such as material defects in the property you are interested in.)
  • Accounting for the earnest money you give to be put in escrow until closing.
  • Obeying lawful instructions you give.
  • Acting in a timely manner that promotes your best interests.
  • Exercising reasonable skill and care when performing brokerage services for you.
  • Keeping your confidential information confidential.
  • Complying with all other aspects of their state’s real estate license law.

Conflict of Dual-Agency

One of the best reasons for having an exclusive buyer’s agent is to avoid dual agency.

Dual agency occurs when the same agent represents both the buyer and the seller in a transaction. This usually happens when a buyer contacts the listing agent of a property he is interested in, and a relationship is developed.

Sometimes it’s just pure coincidence that the agent you are working for gets a listing that meets all of your wants and needs in a home.

Dual agency does require written consent from both the buyer and the seller. This truly isn’t the best situation to be in. Even though the dual agent cannot disclose confidential information about either client to the other client, it’s simply impossible to be completely loyal to both clients.

An exclusive buyer’s agent is completely loyal to you as his buyer. It’s worth noting that because of these potential conflicts, dual agency is illegal in some states.

get a buyer's agent

The Acronym: OLD CAR

Your exclusive buyer’s agent will have fiduciary duties to you. The acronym OLD CAR sums them up:

  • Obedience
  • Loyalty
  • Disclosure
  • Confidentiality
  • Accountability
  • Reasonable Care

Seller’s Market

The real estate market is hot in many areas of the country right now. The inventory of available homes for sale is extremely low. In fact, it’s historically low.

When a house that meets your criteria comes on the market in your price range, you have to move fast. This may be a lot to take in if you are buying your first home. You can trust an exclusive buyer’s agent to show you the home quickly.

He will put together a market analysis for you to make sure you aren’t offering or paying too much for the home. He will write an offer to purchase the home, on your behalf. A buyer’s agent has negotiating experience to get you the best price and terms.

Tweet
Share
Pin
Share

Category: Posts About Real Estate

About Don Wessel

Hi, I'm Don Wessel and I specialize as an exclusive buyer's agent. I've helped hundreds of clients buy homes in Greenville and I have a fiduciary duty to work in the buyer's best interest. I specialize and I work for the buyer, so there is never a conflict of interest. Whether you are searching for downtown condos, golf properties, a farm, or beautiful lake property, I'm your agent.

Previous Post: « buying and selling a home Buying a New Home and Selling the Old One: Which Comes First & How to Do It
Next Post: What a Buyer’s Agent Can and Can’t Do During Negotiations Greenville buyer's agent »

Primary Sidebar

Property Search

Greenville Real Estate

  • Greenville Real Estate and Homes for Sale
  • Horse Farms for Sale
  • Historic Homes for Sale
  • Homes With Basements
  • Homes in Gated Communities
  • Golf Properties for Sale
  • Lake Homes for Sale

Popular Articles

  • Does Your BA Know The Area?
  • Show Me The Comps!
  • Are You Collateral Business?
  • MLS Zones Explained
  • Can’t Serve Two Masters
  • No Repairs!
  • Pick Your Attorney
  • Don’t Do It!
  • Sellers Disclosure
  • Market Timing
  • Are You The Experiment?

Get Listing Alerts

Get the newest listings that fit your unique search criteria emailed to you as soon as they hit the market.

Footer

Greenville Real Estate

  • Greenville Real Estate and Homes for Sale
  • Horse Farms for Sale
  • Historic Homes for Sale
  • Homes With Basements
  • Homes in Gated Communities
  • Golf Properties for Sale
  • Lake Homes for Sale

Popular Real Estate Searches

Explore Greater Greenville

  • Downtown Greenville SC
  • Downtown Greenville Churches
  • Downtown Greenville SC Hotels
  • Simpsonville, SC
  • Taylors, SC
  • Travelers Rest, SC

Contact Information

330 East Coffee Street
Greenville, SC 29601
(864) 335-8490
donwessel@gmail.com
Brokered by Brand Name Real Estate

Google maps image of Wessel Real Estate
Your Greenville SC Realtor

  • Instagram
  • LinkedIn
  • YouTube
  • My Google Business
  • zillow

Copyright © 2022 Wessel Real Estate LLC | Licensed in SC with Brand Name Real Estate Brokerage | All Rights Reserved | Listing Sitemap