Home Buying Guide - Page 12

Home Buying Guide Establishing a Relationship When real estate professionals work with sellers and buyers, agency relationships are established.  The real estate professional has a responsibility to represent the client’s best interests including reasonable care, loyalty, and confidentiality. Buyer’s Agent represents the buyer during the home buying process. Seller’s Agent represents the interests of the seller in the home selling process. Dual Agent represents the interests of both the seller and the buyer during the same transaction.  A dual agent has responsibilities to both seller and buyer and must act in the best interests of both parties.  Some firms also offer a form of dual agency called “designated agency” where one agent in the firm represents the seller and another agent in the same firm represents the buyer. Finding a New Home Identifying up front what is affordable will save time and frustration in the home finding process.  It is important to consider financing options available and to begin the mortgage pre-approval process as soon as possible. From the multitude of properties currently on the market, the agent will select those that most closely meet your unique needs and interests.  It is best to preview only a few homes at a time and to consider neighborhoods.  The agent will arrange showing appointments with the sellers or their brokers. If the seller or their real estate agent is at the property when we are there, it would be best for you to limit your conversation with both of them. In order to help find the right home, please communicate any thoughts about each property you see – the positives and the negatives.  Needs and buying criteria are always foremost until the perfect home is found. Important Ways to Protect Your Interests • A written property disclosure statement from the seller reveals problems with the house and the surrounding area that should be brought to attention • Professional inspections reveal structural, roof, termite, and other problems with the home that the seller will need to remedy • A home warranty gives peace of mind by providing repair-or-replace coverage of major home operating systems and appliances • The title examination informs you of problems with the property’s title, and a policy of title insurance protects your rights to the property • A walk-through before closing makes sure all required work has been taken care of and that the property is ready to be purchased ©2019 BHH Affiliates, LLC.  An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC.  Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. ®   Equal Housing Opportunity.