As a buyer of real estate, it is often the case that a real estate agent’s services are of no cost to you. Now, this doesn’t mean your agent works for free, it means that the listing agent of the property you’re buying compensates your agent. Sometimes your agent will charge you to represent them, this is not uncommon. It is not a practice of mine, however.
How do I find a buyer’s agent?
The best way to find any real estate agent is ask someone you know who has recently bought or sold property. They have firsthand knowledge of their experience and can share. Another great way is to look for an agent who is actively listing property in the areas you are looking in. You can go to Realtor.com to look at houses currently listed and see who the listing agent is. Be aware that when you use sites like Zillow and Trulia, you may not be led to the listing agent, but agents who pay to advertise and buy business. They are not necessarily experienced in the areas where they pop up. http://www.Realtor.com is the BEST source of information directly from the MLS.
So what does a buyer’s agent do, anyway?
Your agent should sit down and walk you through the process of identifying, viewing and purchasing property. Choose a creative agent who finds properties by not only doing MLS searches, but also utilizing their network and social reach. Some of the best transactions are ones where the home was never listed for sale on the MLS. Once you find the perfect home, your agent should guide you step-by-step, keeping your interests ahead of their own. Your buyer agent should explain every facet of the Purchase and Sale Agreement, answer and clarify any questions you may have as well as refer you to experts for further advice.
The agent wants me to sign a contract with them. What should I do?
The first thing to know is that a contract protects both you and the agent. When you sign a contract with a real estate agent, they owe you fiduciary duties. They must be loyal, keep your information confidential and act in your best interest, among other things. The contract protects the interest of the agent if they introduce you to a property (they are the procuring cause) that you wind up purchasing. It ensures they will get paid for their services. Ultimately, signing a contract is your choice. Be sure to read it thoroughly, ask for an explanation of everything you are reading, and only sign if you understand what you are signing.
This is just an overview of what your buyer’s agent can do for you. Stay tuned for more in-depth information! For specific questions, feel free to comment below or send an email to email@example.com. I am always available via cell phone/text at 207-251-9535.
About Nichole Fecteau:
I have lived and owned in Southern Maine for over fifteen years. I raised a family in Berwick, ME and my children attend the SAD 60 school district. When not listing and selling property, you can find me enjoying the mountains and lakes of Maine and New Hampshire. I am an avid hiker and have logged countless miles on the Appalacchian trail. I particularly like the rugged Northern Presidentials. Not only do I carry a backpack and tent on the weekends, I can also be found with my fishing pole in the water of backcountry rivers and ponds. My personal motto is “work hard, play hard!.”
I began my real estate career when my youngest son was about to enter Kindergarten. Sales has always been a passion of mine and I considered homes the ultimate items to sell. Once I got my feet wet in the field, I realized that Real Estate is less about sales and more about connections and helping others realize their dreams. I was hooked right from the beginning. I love helping both my clients and colleagues realize their dreams. Each day I walk into my office energized and ready for a new start with fresh challenges and rewards. My passion is selling expired listings- quickly and for top dollar. I focus on Southern Maine and am licensed in NH as well. Nothing makes me happier than giving homeowners hope in selling their homes where they thought there was none.
2012 & 2013 Associate Leadership Council
2012 & 2013 Technology Committee Chairman
Martha Squires Award
Rising Star Award
2010 Berwick Library Committee member
2011 Berwick Recreation Committee member
2013-present Friends of the Berwick Riverfront Chairman
2013-present Berwick Trails Committee Chariman
2015-present Berwick Planning Board member
2015-present Berwick Brownfield Steering Committee member