Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.

Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.

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Adam Hopkins
Hopkins Real Estate Group
1705 Enterprise Dr, #106
Lynchburg, VA 24502
Phone: (434) 444-7136
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As your Number1Expert(tm) in the Greater Lynchburg area for the last decade, The Hopkins Group has specialized in getting your home sold faster and for more money, through our attention to details that most agents miss, and through exclusive consumer services and programs that other companies simply do not provide. Call us today at (434) 444-7136 to see what a difference our service can make for you as you buy or sell your home!

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