LINKS Home Buyer Connection FAQ Seller Agency vs Buyer Agency LINKS Home Shield Testimonials about LINKS and Buyer Agency
Buying a house is very exciting, but it is also one of the most important legal transactions you’ll ever undertake. You can keep the stress level to a minimum and gain more confidence if you take time to learn about your legal rights and how the home buying process works in New York. When you consult with a knowledgeable LINKS Real Estate Professional, the agent will provide a consumer disclosure explaining the representation options during a real estate transaction. In New York, real estate agents traditionally represent the seller, even if the property is listed with another broker or agency. However, with a disclosure or contractual agreement, a real estate agent can instead represent the buyer through Buyer Agency or Dual Agency. Real estate agents have what is called a “fiduciary duty” to the party they’re representing and are held by law to owe specific duties to that party. These representation options and duties will be fully explained by a LINKS Real Estate professional and will also be described in your brokerage agreement, listing agreements, or other contracts, and include specific information with regard to loyalty, confidentiality and disclosure.Let your agent be your eyes and ears in the market place. Many times, your LINKS Real Estate Professional will preview listings and then communicate the details of the homes before you see them, saving you a lot of wasted time and energy. Your LINKS Real Estate Professional will listen to your feedback to find out what you liked and disliked about the listed homes. This helps the Real Estate Professional to zero in on your needs and desires during the search process and helps you better evaluate your options.Looking at homes involves much more than finding one appealing to the eye, though. Overall condition is important, as is determining the market value of the home and the best price that is can be purchased for. By using Buyer Representation, your Links Real Estate Professional can gain access to additional market and property information and can give you professional advice to help you make the most informed decision when comparing properties and finding the one most suitable for you.Buyer Representation does not affect the price of the home. Commissions are paid from the proceeds of the real estate transaction and will be explained in detail by your agent. Just as a seller lists a home by signing an agreement for representation and the rights to find a buyer for the home, an agreement is signed between a buyer and a Links Real Estate Professional for the representation for finding a home to purchase. Have a discussion with a Links Real Estate Professional about the differences between Traditional Representation and Buyer Representation, to decide which you feel best suits your needs. When you opt for Buyer Representation, we have a special membership program called the LINKS Homebuyer Connection for you to participate in, that provides incentives like a rebate for $600-$6000, back after closing, FREE One Year Home Warranty and many other great incentives.
