Not that they can’t show you something outside of your first indicated range, but they need to be open and honest about their reasoning if they do. Lessing stated, “If they only showed you homes that were above your budget, that would be a violation [of their duty].”
Possessing a competent buyer’s agent also means that they are aware of the local real estate market and are capable of negotiating on your behalf with the seller’s agent.
A competent buyer’s agent should also be able to supply you with a list of reliable service providers, such as surveyors, contractors, real estate attorneys, appraisers, and inspectors, that you might require during the home-buying process.
Lessinger stated that an agent should ideally present you with at least two to three recommendations for every kind of service provider.
Additionally, seasoned buyer’s agents ought to be well-versed in the local real estate laws and regulations that control utilities, landscaping, repairs, and new construction, as well as the associated costs, permits, and documentation.
For instance, if a tree is close to a power line, your agent ought to be able to inform you of the rights an electric utility company has on the land. or the price of connecting a house to the city’s water system.
The duties a buyer’s agent has to you
- Buyer’s agents have six main ethical and legal obligations to you.
- Loyalty: They have to be dedicated to you and your goals. not belonging to them. not owned by the vendor. Nobody else is involved in the purchase of a house.
- Confidentiality: Everything you tell them, including your spending limit and reasons for wanting to purchase a house, must be kept private.