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About Appraisals >Best Interests of the Buyer
Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.
Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.
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What is the least affordable metropolitan housing market in the United States?
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California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation. |
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Frances Hills The Lachicotte Company 10554 Ocean Highway Pawleys Island, SC 29585 Tel: 843-446-0330 Fax: 843-527-4055 Email: franceshills@NUMBER1EXPERT.com
My entire real estate career is based on one word, INTEGRITY. After that, I use my in-depth knowledge of the area to introduce and show my clients all the properties available that meet their criteria. Once this property is found and due diligence has started, it is my job to guide and advise the client through the maze of challenges to a successful and knowledgeable acquisition of that very special property whether it is a home, condo, lot, or acreage. Each client is different and each acquisition is different and the joy of my job is meshing the two.   
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