Tip #12: Buyers Representation

Buyers Representation

When purchasing Real Estate, a buyer has two options. The buyer can either work exclusively with a buyers agent that fully protects them or they can work directly with the sellers agent, which has a fiduciary responsibility to the seller.

Working with an exclusive buyers representative can be critical for a number of reasons:

• Fiduciary Responsibility to Buyer
• Coop/Condo Board Packages
• Helping You Identify that Great Investment
• Full Due Diligence of Sellers Property
• Sales Comps
• Introduction to Key Resources for Closing
• Negotiation
• Market Advice
• Validation of Streeteasy/Zillow Listings
• Off-Market Listings

In a competitive marketplace, there is very little advantage to working directly with a sellers agent that you may not know. In fact, it may do more harm than good and leave you fully exposed and unprotected as a purchaser.

With current prices in this hot marketplace at a high and selling at or over asking price, there may be little room to negotiate. At the very least, as a buyer, you want to make sure your contract of sale offers you various contingencies and protection.

We believe strongly in having your own representation on both sides of the transaction.

If you are looking for exclusive buyers representation, please contact us at garayrealestate@gmail.com We are more than happy to assist you.