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Home Buyers What is a Buyer Representative?

What is a Buyer Representative?

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A Buyer Representative works solely for you and has no legal or other responsibilities to the seller.* When working with a Buyer Representative, you have the advantage of personal representation, independent counseling, loyalty, confidentiality, and trust. On the other hand, while helping you present an offer and then negotiate and close a transaction, a general real estate agent has certain fiduciary responsibilities to the seller and agent of any property you choose.

 

*In a case where the property your agent is representing you to buy is also that agent’s listing, dual agency applies. Talk to your agent for more information.  
 

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Newsflash

CHARLOTTE, –N.C. – CRRA reports on the residential real estate market in this region.  The number of closings for October 2008 was 1,848, which is a 30.6 percent decrease from October 2007.  The average sales price for October 2008 was $216,777, which is a decrease of less than one percent when compared to October 2007.  The average listing price for solds in October ($237,436) increased 4 percent over last year’s average list price of $228,082.