then move to the next broker.
Be sure that the broker will be showing you all listings or properties on the market that meet your requirements, and not only listings that are handled in-house. Buyer’s brokers have the legal duty to put the buyer’s needs ahead of their own. Even when a broker will be paid more for selling an in-house listing, they must inform you about other available, suitable listings and take you to see viable prospects. A good buyer’s broker will provide a home-buying education. The listing broker will point out all the features of a home; a good buyer’s broker will point to the faults — or advise when they can be overlooked. Competent buyer’s brokers help their buyers to think clearly as the home-buying process unfolds. For example, if a house is a good buy, a buyer’s broker might suggest looking past the dated bathroom and kitchen and look at the space above the garage that will make the perfect art studio you desire. Likewise, a cute house with all the amenities but with knob-and-tube wiring or a 40-year-old roof might not be worth the asking price. If you decide to buy with the intention of building an addition, the broker should advise you to check the zoning before making an offer. Agree to sign a buyer’s agency agreement after you have met with an broker. Some people sign an agency agreement after attending a showing given by the broker. Working with a seller’s broker is a mistake, according to an article by Amy Fontinelle of Forbes’ Investopedia. Any information you reveal will become leverage that the seller can use in a purchase negotiation. A buyer’s broker is legally required to maintain your confidentiality, disclose material facts to you, and maintain loyalty to you. These are fiduciary duties.
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