Unlike traditional real estate agents, a buyer’s agent solely represents the buyer.
A buyer’s agent is obligated to provide the true market value of a property to identify any problems or issues to help the buyer make an informed decision prior to submitting an offer to purchase the property.
It is the buyer’s agent’s responsibility to get the buyer the lowest price on the best possible terms.
Buyer’s agents have a legal and ethical responsibility to put the buyer’s interests first.
A buyer’s agent will:
- 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 and show appropriate properties in that price bracket
- Assist in viewing properties – accompanying the buyer on the showings, or previewing properties on behalf of the buyer to ensure their specifications are met
- Research the specific properties to identify any problems or issues to help the buyer make an informed decision prior to submitting an offer to purchase the property
- Advise the buyer on structuring an appropriate offer to purchase the selected property
- Present the offer to the seller’s agent and/or the seller on the buyer’s behalf
- Negotiate on behalf of the buyer to help obtain the specified property, keeping the buyer’s interest in mind and;
- Bid at auction on behalf of the buyer.