Did You Know That You Have the Right to Remain
Silent?
Anything you say, can and will be used against you in the
negotiating process.
You have the right to be represented by your own
agent.
Should you choose to waive this right both agents will be trying
to get the highest and best price for the seller.
Do you understand these
rights as they have been explained to you, Mr. & Mrs. Buyer?
You have
the right to work with an agent trained to be a buyer's agent: An agent who has
the skills to negotiate with the seller to get the best price and terms for
you.
You wouldn't go into a courtroom without a "bar-certified" attorney,
why enter negotiations for the biggest purchase of your life without a trained
specialists working for you?
Homebuyers need to be careful when
purchasing there home that they are getting the full value of having a BUYER'S
AGENT on their side. According to a 1983 Federal Trade Commission study, most
buyers fail to understand that the agent who shows them homes is actually
working on the seller's side. Consequently, buyers often reveal too much
information to the real estate agent that is showing them homes. Few buyers
realize that anything they say will be told directly to the seller and will be
used to help the seller obtain the maximum price from the buyers.
According to Alice and Denise Fields, authors of Your New Home,
the buyer's best protection is to hire a buyer's agent. Most real estate experts
agree. A buyer's agent can open more of the market to the buyer, including
for-sale-by-owner properties and properties that are not yet listed. Beware of
agents who say that they will offer you Buyer agency and then do business the
same way they always have. According to Fields, buyers should never hire a Real
Estate agent without a written contract that spells out the details of how the
agent will work.
