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What Is Buyers Agency?

A real estate buyer’s agent represents the consumer who is purchasing the property in a real estate transaction. This agent owes full fiduciary responsibilities, duties and loyalty to the buyer. The agent works for the client and has the client’s best interests in mind throughout the entire transaction process.

The agent is usually compensated by splitting the fee negotiated between the listing agent and the seller. Thus, in most cases, the buyer does not have to pay to be represented by a buyer’s agent.

Why use a buyers representative?

As a consumer, how often do you buy real estate? Once, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases an agent will represent the seller. Wouldn’t you as the buyer, want to have complete and fair representation in the transaction? In a court of law, would you have the prosecutor represent (defend) you?

Research by the National Association of Realtors has shown that when a buyer agent is used, the prospective buyer found their home one week faster and examined three more properties than those who did not use a buyers agent.

Representation buyers receive having my team represent them.

We will represent you as the home buyer to the best of our ability, pledging loyalty to represent your best interests. We will provide the same quality, probably better, of representation for you, as that enjoyed by the sellers from their listing agent. You will be on at least equal footing in the home buying process instead of at a disadvantage.

We will explain to you the benefits of getting “pre-approved” for a home loan (not just the misleading “pre-qualified” status) as we begin shopping for a home and will assist you in obtaining that “pre-approval”. We can work with a lender of your choosing or we can utilize the services of those that we consider to be members of our team that, through past experience, we have found to be reliable. These team members appreciate the business afforded them through our ongoing relationship and will make every effort to obtain the best financing package available for your individual situation.

We will effectively use the latest in technology to keep you promptly informed of all homes entered on the market that meet your criteria. We will notify you every day via e-mail, fax, or phone of any and all homes listed in the last 24 hours that appear to meet your needs and we will make ourselves available to show you any of these that you may wish to pursue. In the Tucson market we must, at times, be ready to act quickly to be sure that you will not lose a home you might be interested in because we failed to respond quickly enough to your needs. Additionally, our website will enable you to examine listings that may be of interest to you via the internet.

We will provide you with the confidence, know-how, and resources to enable you to take the actions necessary to avoid common pitfalls and mistakes. We will make clear to you what really happens in the game of real estate buying and selling. We will supply you with vital facts and other often missing information about homes, neighborhoods, builders, schools, shopping, and other essential details. You will understand the housing market in your areas of interest and also understand the value of homes in that neighborhood. We will bring the full expertise of my real estate team (not only the mortgage broker mentioned above, but the escrow/title company, real estate attorney, home inspector, termite inspector, warranty company, etc.) into your buying process as necessary to assist in your purchasing proceedures. And, we will apply our trained negotiation skills to obtain the best possible outcome for you in your buying activities.

We like to think that there are few, if any, buyers in Tucson that enjoy representation equivalent to that which our buyers receive. We want to include you among the growing numbers of people that see us as their real estate representative for life.

Hal Schupp, CRS, GRI, Designated Broker for Vail Realty, has been a Tucson, Arizona, Licensed Real Estate Broker since 1987 and has created 100s and 100s of sales of Tucson properties.