Why Use a CBR?
_____________________________________________________________________________________
When searching for a realtor, you should keep in mind that the real estate agent typically represents the seller in any transaction for the sale of a home. It is that agent's duty to represent and protect the seller's interest at all times.
"CBR" stands for "Certified Buyer's Representative". A CBR is an agent who exclusively represents the buyer in a real estate transction. Whether it's your first home or your third, hiring an agent who is also a CBR is a good way of ensuring that your best interests are protected.
A CBR works for, and owes fiduciary responsibilities to, the real estate buyer and advises the buyer throughout the entire buying process. All conversations between the CBR and the client are confidential.
Buyer's Agents typically get compensated by the the seller from the purchase price of the home. The commission is usually a percentage of the selling price. Therefore, compensation for a CBR does not cost any money out of the buyer's pocket.
Hiring a CBR to represent you during the buying process is the smart way to go! Here are a few reasons why:
A CBR will:
- Most importantly, fully-represent the buyer throughout the real estate transaction.
- Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
- Assist the buyer in getting financed. Help determine the amount that they can afford (pre-qualify), and show properties that suit the buyer's price range.
- Assist in viewing properties -- accompany the buyer on the showings, or preview the properties on behalf of the buyer to insure that the identified specifications are met.
- Research the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property.
- The Buyer Agent can reveal to you any information about the property that the Agent has been able to ascertain. This may include reasons for selling, potential concessions, or other information that may be to your advantage.
- Advise the buyer on structuring an appropriate offer to purchase the selected property. The price is developed by performing a CMA (Comparable Market Analysis). The CMA reveals what prices similar properties in the area have been on the market for and the price that the properties have sold for.
- Always present the offer to the seller on the buyer's behalf.
- Negotiate on behalf of the buyer to help obtain the identified property.
- Assist in securing appropriate financing for the selected property.
- Provide a list of potential qualified vendors (e.g. movers, attorneys, carpenters, etc.) if these services are needed.
|