Why do I need to sign a buyer’s representation agreement?

July 1, 2012 agents are now required to have buyer representation in writing in the state of Virginia. Realtors must disclose which party represented in a transaction prior to showings. Without a clear understanding, many clients are hesitant to sign (perhaps you do not know the agent well enough to commit or think there is a fee for a buyer rep- there is not). I would recommend signing a limited agreement for a day to view 1 to 2 homes. If you are comfortable  with the agent after the initial meeting, then extend the agreement for the purpose of finding your home with that agent. If you sign the buyer's agency agreement, they will then represent you, and any information they have or can gather about the seller, will be shared with you. Your information will never be shared with the seller. The agent negotiates on your behalf, and represents you the best way they can. A good agent will provide all the pros and cons about a home. Since the agent views homes all the time, and presumably, you only buy a home once every 5 - 10 years, they will spot defects that you won't. For more information or to set up an appointment call Stuart at (703)765-0300.

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Stuart Nesbitt

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Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.