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OurGulfCoast.com has valuable information for property buyers in the Pensacola Bay area, including buying real estate and houses in Pensacola, Pensacola Beach, Gulf Breeze, and Perdido Key as well as homes and condos in Destin, Navarre, Orange Beach, Pace, and Milton, Florida.

Buyer Representation

The subdivision agent or listing agents are not working for you. Their job is to get the most money and best terms for their clients, the sellers! Hire a buyer´s agent to represent you and your interests at no cost to you.

~ A good Buyer's Agent can save you thousands of dollars! ~

Buyer Brokerage (a.k.a. Buyer Agency or Buyer Representation) is very important for you, the buyer, to understand. Did you know that unless you have a signed "Exclusive Buyer Brokerage Agreement" with your real estate agent, the agent represents the seller and not you? Even if you have been working with an agent for weeks on a consistent basis, if they do not represent you (by having the signed Buyer Brokerage) then it is not their duty to have your best interests in mind throughout the transaction. Simply put, that means that they could disclose things to the seller you may not want them to, such as your financial status, important personal information, or other confidential things you may have said to the agent. This gives the seller of the real estate the upper hand in the transaction, and could ultimately lose you money.

Even if you know and trust your real estate agent, it is in your best interest to sign an Exclusive Buyer Brokerage Agreement. It is very important that your agent puts your interests above anything else in the transaction. It is also required in the state of Florida to disclose in writing that your agent represents you throughout the transaction.

There are a few things that you should understand regarding your Buyer Brokerage Agreement. By signing the Buyer Brokerage, it requires you to be loyal to your real estate agent, and that you will not work with any other agents throughout the period of your Buyer Brokerage. However, if you are displeased with your agent, a Buyer Brokerage can be terminated if in writing. The agent in turn will promise to keep personal info strictly confidential, negotiate contract terms with your best interests in mind, and of course assist you in the search for the perfect property.

The best part is that your buyer´s agent´s services are at no cost to you! At the time of listing their homes, sellers contractually agree to pay both the listing agent AND the buyer´s agent. In very, very rare circumstances (usually a For Sale By Owner), a seller may not choose to pay a commission to a buyer´s agent. On that house, AND THAT HOUSE ONLY, you would be responsible for paying the buyer´s agent´s commission. Your agent would know of this ahead of time, and let you know so you can decide if you still wanted to see it. You would ultimately have the choice on whether or not to view and/or purchase that house, should that situation arise. But, in today´s market, it is extremely uncommon for that to happen.

If you have questions regarding Exclusive Buyer Brokerage, please do not hesitate to contact me! I´d be happy to answer any questions you may have.