You may not be aware that your agent, unless they specifically disclose otherwise, represent the seller in any transaction for the sale of a home. It is that Agent’s fiduciary duty (where their loyalty lies) to protect the seller’s position at all times.
Choosing a Buyer’s Agent, however allows that Agent with whom you are working to be your representative and to put your interests above all others.
Here are a couple of examples:
Perhaps having an agent who represents the seller isn’t a big issues for you, but it is important to understand that if the Agent represents the seller, they cannot reveal certain things to you, as the buyer:
Buyer Agency gives you much more power. If a Buyer’s Agency agreement is struck between you and the Agent, it is you, rather than the seller, who has the representation from the Agent with whom you are working. If you are represented by a Buyer’s Agent, some of the potential benefits include:
Is it necessary to have a Buyer’s Agent? No. Thousands of home buyer’s have been well served dealing with the seller’s Agent. The important thing is to understand your options, so that you don’t unintentionally accept less representation than you want.