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Saturday, March 13 2010 @ 11:40 AM Central Standard Time
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It’s helpful to hire an agent to help you purchase the Miami real estate property you want. Their expertise in the field of real estate can certainly improve your chances of buying the right property. There are also two types of agent you can use when buying a home: the buyer’s agent and the subagent. It will be supportive to know the role of each in order to help you decide on the best approach when buying the home you want.
Subagent
The subagent is basically the seller’s agent that you can also use when you are interested in buying the Miami real estate property that the seller offers. This is also helpful if you don’t have an agent yourself and are buying the home on your own.
The subagent also has certain responsibilities to the seller. This means that he or she will likely follow the seller’s instruction with the exception of illegal order. Also, you will find it hard to trust a subagent since this type of agent is loyal to the seller and will see to it that the seller gets the best end of the deal. Because of this, the subagent might try to get you to approve to purchase the house in a high selling price.
It’s also impossible to get the seller’s information because the subagent keeps all the seller’s information confidential. You cannot use the seller’s motivation to help you reach a better decision and make a good offer.
Buyer’s Agent
The buyer’s agent, on the other hand, is the most common type of agent that you should choose. Unless you were referred to the subagent, you can definitely find your own agent to help you purchase a Miami real estate property.
The buyer’s agent is involved in the entire process of home-buying. He or she can help you search for the house, review the comps, furnish contingencies, and negotiate. Furthermore, your interest will surely be acknowledged since the buyer’s agent work solely for you. This means that you can rest assured that you can get the value of your money from the purchase with the worries of giving the seller the upper-hand.
There is also another type of agent that you can use when buying a Miami real estate agent, and that is the discount broker. Although quite an unpopular choice, using a discount broker can save you money. However, the responsibility of looking at the house, arranging financing, drawing up the contract and others will be entirely up to you.
Mark Michael Ferrer
Miami Real Estate
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