What is a Buyer’s Broker?
A Buyer’s Broker represents a Long Beach home buyer’s best interests and negotiates on the home buyer’s behalf. The buyer broker can give the home buyer information about the home, area, prices, etc. that a seller’s agent, by law, cannot.
When you, the buyer, call a Long Beach real estate agent (listing or seller’s agent) or the agent’s company (seller’s broker) off a sign in the yard or an advertisement in a homes magazine or attend an open house, that agent and their company work for the seller. The listing agent and their company are bound, by law, to get the seller the best possible price and terms and not to divulge any information to you, the buyer that is contrary to the seller’s best interest.
“Employers say hiring a Buyer’s Broker is good business”. Chicago Sun Times.
Who Needs a Buyer Broker?
Anyone buying a Long Beach condos or homes who wants a REALTOR® on their side and representing them, not the seller…especially people new to an area and first-time home buyers. A seller’s broker (listing company) CANNOT, legally or ethically, represent a home buyer’s best interests or negotiate for a lower price or better terms.
“Hire a Buyer’s Broker. When in the market for a home, the best defense is a strong offense. Using a buyer’s broker should save money.” Worth Magazine
“A buyer’s broker can provide information that an agent for the seller can’t”. The Augusta Chronicle
“You’ll get the surest representation from a single-agency broker or an exclusive buyer’s broker agreement.” Kiplinger’s Personal Finance Magazine