In this day and age you, the clients, are inundated with information. And in the internet age there is no shortage of how to’s posted, including how to purchase real estate without an agent. This post is about why you should use an agent to purchase real estate.
Agents are bound by law in British Columbia to put their client’s interests above all other interests, including their own personal interests. What does this mean to you? This means that your Buyer’s agent is working hard to get your property for you at the best price possible. We do this by being knowledgable in the area you wish to live in, and by producing a Comparative Market Evaluation which utilizes the local market to determine the price.
Agents are also bound to follow the lawful instructions of their client. If you wish to make an offer that is way below market value, then your agent is bound to follow your directions. However a professonal agent will advise that such an offer is unlikely to be successful. Conversely an agent cannot follow any instructions that break any laws.
Agents are also under law required to keep the confidences of thier clients, and to disclose all information that they have to thier clients. In translation, your agent cannot disclose any information about you to anyone. However if they are at an open house and the seller tells them information that could be relevant to your purchase, your agent must tell you.
