They work only for buyers...that means you!
The Benefits
There are benefits to using an Exclusive Buyer Broker for your deal.
1. An Exclusive Buyer Broker will guarantee to represent you and only you during a home purchase.
2. Only an Exclusive Buyer Broker will guarantee to negotiate on your behalf.
3. They will represent you exclusively and never take listings from sellers and split their attention and commitment between the two.
4. They are obligated to declare the true facts about a property to you and will point out reasons to not buy a particular home.
5. They will insist on home inspectors who will treat the buyer as the client, not the seller.
6. They will move you toward a pre-approved lender so you have more negotiating power.
The One Down Side The fee.
The problem with buyer agents of any kind is the fee. You must be convinced that they can help lower your purchase price enough to warrant their fee. This may not be feasible. It will depend on your market and your own financial status.
If You Want an Agent...
Here are some helpful hints for finding a good one.
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