Sometimes in the Real Estate Business. as in any business...we become so accustomed to the terms and language...we forget that not all Buyers and Sellers have that same degree of understanding. We got a call from a concerned parent who had been looking at homes with his daughter and son in law. He felt the agent was an advocate of the Seller, not the Buyers.
"Have your daughter and son in law signed a Buyer agency contract ?" I asked him. He was unsure of what that meant....no contract was signed that he was aware of with this agent.
I explained that every agent in Wiscnsin is licensed as an agent of the Seller...he/she is the Seller's advocate for price, negotiations for the inspection....every part of the real estate transaction..UNLESS....the Buyer(s) have signed a Buyer Agency Agreement.
He was very surprised...He thought the agent MUST be working for the Buyer because the listings that he was showing them were not HIS listings but listings from other agents. To this Dad, showing another agent's listings meant the agent MUST be working for the Buyer. We can readily see how this relationship could be confused.
If you want an agent to work as your advocate as a Buyer...know that they are someone you can work with...has experience and expertise in the area that you are purchasing real estate and that you are confident in their abilities to be your advocate in this very important transaction.
Buyers ....demand the best..someone who has experience and training on your side of the transaction. Ask the agent you met at the open house...on line...who answered the phone...what is his/her experience with BUYER representation....it is what you want on this, one of the largest investments you make in a lifetime.
If you or anyone you know, is looking for an experienced agent to assist you in the purchase of a home in southeastern Wisconsin, call the Hansons...we are honored to be of service for all things real estate.