BUYER REPRESENTATION

Buyer representation refers to the relationship between a real estate agent and a buyer in a property transaction. When a buyer engages a real estate agent to assist in finding and purchasing a property, that agent acts as the buyer's representative. Buyer must by law as of August 17th, 2024 sign a buyer broker agreement prior showing any buyer a home. Here are som key points. The agent advocates for the buyer's best interests throughout the entire buying process, ensuring that their needs and preferences are prioritized.

Buyer representation often has extensive knowledge of the local real estate market, including property values, neighborhood trends and available listings. As for negotiation, we handle these scenarios on behalf of the buyer, aiming to secure the best possible price and terms based on benefits and features. The agent provides guidance on the buying process, including financing options, inspections, and closing procedures.

You have exclusive representation in most cases, buyers may choose to enter a formal agreement with an agent, making them the exclusive representative for the buyer during the transaction. Reminder by law you must sign a buyer broker agreement prior a realtor showing you a home. Feel free to contact me at 850 496-6412 for more detailed information. 

As for compensation typically the seller pay's the commission for both buyer and seller agent, but this can vary based on local practices and agreements. Overall, having a buyer agent can simplify the home buying process and provide valuable support and expertise. 

COMMON MISTAKES BUYERS MAKE

When purchasing a home, buyers often make several common mistakes that can lead to challenges down the road. here are several as an example. Not gettin pre-approved can result in buyers not knowing their budget, leading to disappointment and waste of all time if they fall in love with the home that is out of their financial reach. Skipping the home inspection to save money, only to discover significant issues after the purchase that could have been identified beforehand. Overlooking additional cost while purchasing the home of choice, this is where you need to take proper guidance from your lender. During this process many can get emotionally attached to a home that can cloud your judgement along with not performing proper research on neighborhood. While rushing into making a decision and feeling under pressure can lead to make hasty decisions.

Ignoring future needs is a must for long term plans, such as family growth or job changes rather than just current situation. These are all serious matters along with not consulting and taking advice from professionals which can avoid a lot of unwanted stress. Please listen to your trusted advisor.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market, whether it is to purchase or the sale of your home. In the absence of trustworthy and up to date information, real estate decisions are being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decisions. 

Part of my job is to keep you informed and educated of the local housing market trends, buying and selling process to include real estate common terms and videos. Don't get confused with the media, they talk national data, I can provide the most up to date local area data.

So don't let this shifting housing market delay your dreams, data reveal home values typically appreciate over time and that gives your net worth a nice boost. If you are looking for a home, look for a realtor with the heart of a teacher. If you are ready to start your journey, contact Kevin Strawter at 850 496-6412 to begin a new walk in homeownership and all your real estate needs. Always accepting referrals.