Best Clarksville TN Buyer Agent

06/05/11

One of the most common mistakes made in the purchase of real estate involves buyers in Clarksville not using the services of a “Buyer’s Agent”. Novice and real estate professional investors alike often make the mistake of dealing directly with the listing agent when they purchase a home. The novice is unaware of the functions of a buyer’s agent and the laws regarding the definition of the “agency relationship” in real estate. The pros mistakenly believe they are going to be able to negotiate a better price because the agent with the listing will agree to a reduced commission. The reality is that the compensation for both the listing agent and the selling agent are negotiated in writing directly with the home owner before the home is even listed.

The legal definition of a buyer’s agent in the state of Tennessee is as follows: In an exclusive buyer’s agent relationship the licensee’s company is working as an agent for the prospective buyer, owes primary loyalty to the buyer and will work as an advocate for the best interest of the buyer.

As a point of comparison, the definition of a listing agent is the exact opposite. The listing agent is required by law, ethics and the code of conduct to work for the best interest of the seller.

When you buy a home in Clarksville, Tennessee you should search out an exclusive buyer’s agent who can perform the following valuable services.

1. Research any potential home to determine the price the seller originally paid
2. Freely show you any available home including for sale by owner homes and not just listings of a particular company.
3. Complete a competitive market analysis on the pricing on homes in the surrounding Brentwood area.
4. Advise you on the relevant benefits and amenities of a particular home as well as any features that detract from the home.
5. Negotiate strongly to secure you the best final purchase price.
6. Negotiate the best terms to get the seller to pay the title insurance and for the seller to pay your closing cost.
7. Negotiate on your behalf with the lenders to get you the very best interest rate and loan terms.
8. Make sure that all the terms of the contract protect you as the buyer in the unlikely event that something goes wrong and you need to get out of the contract because of a bad inspection or appraisal or other new information.

 This information has been compiled by Scott Hines, a local buyer’s agent and the 2010 top selling Realtor in Tennessee (THDA awarded). You may contact Scott Hines at (615) 268-2881 or see additional information at www.PremierBuyersAgent.com.