BUYER'S
 ADVISORS
 
 
Representing Home Buyers

Real Estate Agents Working
Only For Home Buyers

in Northern New Jersey


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How to compare what your
New Jersey Real Estate Agent can do for you.

 

Representation Provided the Home Buyer

Seller's AgentDisclosed Dual AgentTransaction BrokerBuyer's Agent

Represents the Seller (or Builder).  Works only for the Seller. May work with Buyers but does not represent them. Has a written listing agreement with the Seller. Obligated to try to sell their own listed properties.

Yes   No No No

Works for both the Seller and the Home Buyer at the same time. Must obtain the informed written consent of both the Seller and the Buyer.

No    Yes No No

Works with a Seller, a Home Buyer, or both in the sales transaction without representing anyone.  Cannot promote the interests of one party over the other party to the transaction.  Should provide a written agreement to any Seller.

No No  Yes No  

Represents only the Home Buyer. Works only for the Home Buyer. Provides a written buyer agency agreement to their Buyer client.

No   No No Yes  

 


How to compare what your
New Jersey Real Estate Agent can do for you.
 

Activities Performed for a Home Buyer

Seller's AgentDisclosed Dual AgentTransaction BrokerBuyer's Agent

Provide basic facts about properties (seller's asking price, features, and amenities) and sources of financing.

Yes

Yes

Yes

Yes

Show houses in the Multiple Listing Service.

 Yes Yes Yes Yes

Submit a purchase offer and convey the Seller's response Back.

 Yes Yes Yes Yes

Respond honestly and accurately to questions.

YesYesYesYes

Disclose material facts known about the property.

 Yes Yes Yes Yes

Offer property without regard to race, creed, sex, religion, or national origin.

Yes

Yes

Yes

Yes

Advise in choosing an attorney.

Yes

Yes

Yes

Yes

Confirm needed correction/repairs have been completed.

YesYesYesYes

Accompany on a final walk-through inspection of the property.

YesYesYesYes

Tell the Seller everything they know about a House Buyer including their financial situation and motivation for buying.

 Yes Depends,
if Buyer agrees.
Yes No

Guarantee in a written agency agreement to represent and work only for the home buyer.

No   No No Yes

Search for available properties, not just Multiple Listed properties, but also "For Sale By Owner", "For Sale By Developer/Builder",  and sometimes even locate properties that are not yet on the market.

No   No No Yes

Locate and show properties, pointing out not only strengths, but also weaknesses, potential problems, and factors that may impact resale of the property.

No   No No  Yes

Discuss the price the Seller is asking, the reason they might be selling, the price they paid, how long or how many times the property has been on the market, and any concessions (in price or terms) that the Seller may be willing to give up.

No   No No Yes

Prepare an estimate of comparative market value for the property,  and assist in developing an offering price.

No   No No Yes

Review and interpret comparable property values.

No   No No  Yes

Advise regarding other offers on the property.

No   No No Yes

Help determine the need for professional property inspections and any warranties.

No   No No Yes

Identify any information detrimental to the Seller, or which might give an advantage to the Home Buyer.

No   No No  Yes

Consult throughout the entire negotiation process offering advice and information regarding counter offers.

No   No No Yes

Negotiate only on behalf of the Home Buyer, be their advocate, and negotiate to get them the best deal in terms of price and terms.

No   No No Yes

Supply financial information about neighborhood properties and value trends.

No   No No Yes

Advise on the final walk-through inspection of the property.

No   No No Yes

Attend the closing and represent the Home Buyer's best interests, as necessary.

No   No No  Yes

Keep everything the Home Buyer tell us absolutely confidential and work in the best interests of the Home Buyer.

No   No No Yes


Serving Northern New Jersey
 Passaic, Somerset,  and Union County

For Help With Your Home Purchase - Call
(201) 823-1990 or  Email  

  "FIVE STAR" Agents/One of NJ's Top Realtors  - REBAC Accredited Buyer Representatives
 
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