A buyer agency agreement is a contract between a Broker/REALTOR® and YOU, as the buyer, which says that when negotiating a purchase, the Broker/REALTOR® will represent YOUR best interests, and will provide you with ADVICE and KNOWLEDGE that will help you make the BEST decision when it is time to make an offer. Without this contract, the REALTOR® always represents the seller. I choose to always work in your best interest. Do not worry. There is no fee for this until we get to closing. A nominal fee of $100 for homes selling up to $100,000, and $250 for homes over $100,000 will be charged by RealtySouth. This will be part of the closing costs, and I will ask that the SELLER pay this for you. Depending on the type of loan that you get, this fee may not apply at all. If I do not find you a home, there also will be no charge.
Another aspect of the buyer agency agreement is how the buyer is responsible to the agent. The terms of the contract are negotiable at the time that the agreement is signed. If you feel that you have chosen the right agent, then a period of 6 months to 1 year would be a reasonable time frame to agree to work with me to allow plenty of time to find the perfect home, and get the loan closed. If you are still a little uncertain, make it for less time, or for one specific property only.
ALABAMA LAW REQUIRES THAT ALL BUYERS KNOW HOW THEY ARE BEING REPRESENTED IN EACH REAL ESTATE TRANSACTION.
Loyalty to me as your agent for a specified amount of time will make my job much more effective and efficient for YOU. If you feel that you have good chemistry with me as your agent, then give me your loyalty, and I will work diligently to meet your home buying needs. This is my profession, and I want to always negotiate the BEST PRICE and BEST TERMS that I am able for YOU. Only as your BUYER AGENT will I be able to do so. My goal is to give my buyer clients the most positive experience they can have because referrals are the heart and soul of my business.
Time is running out for this once in a lifetime opportunity – low interest rates and low home prices.
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SHANNON HOLMES (205) 706 – 3975
RealtySouth
109 Inverness Plaza, Birmingham, Alabama 35242
Information deemed reliable but is not guaranteed.
