When to Sign Buyer Agency Agreement

May 15, 2022 6:45 pm Published by

As a homebuyer, there are several important steps you need to take before finalizing a real estate transaction. One of those steps is signing a buyer agency agreement. This is a legal document that establishes a working relationship between you and your real estate agent. It also outlines the terms and conditions of your agreement with the agent.

So, when exactly should you sign a buyer agency agreement? Here are some things to consider:

1. When you`re ready to start house hunting

You don`t necessarily need a buyer agency agreement to start looking at homes. However, if you`re serious about buying a home and want an agent to represent your interests, then it`s a good idea to sign one before you start actively searching for properties. This will ensure that your agent is legally bound to work on your behalf.

2. When you`ve found an agent you like

Not all real estate agents are created equal. Some are more experienced, knowledgeable, and trustworthy than others. Take the time to interview several agents and find one who you feel comfortable working with. Once you`ve found an agent who you like, it`s time to sign a buyer agency agreement.

3. When you`re ready to make an offer

If you`ve found a home that you love and are ready to make an offer, then it`s definitely time to sign a buyer agency agreement. This will ensure that your agent can negotiate on your behalf and help you get the best possible deal.

4. When you`re ready to move forward with the transaction

Once you`ve signed a buyer agency agreement, you`ll be working closely with your agent to complete the transaction. This includes things like negotiating the contract, arranging for inspections, and coordinating with the lender. If you`re serious about buying a home, then signing a buyer agency agreement is an important step in the process.

In conclusion, signing a buyer agency agreement is an important step in the homebuying process. It establishes a working relationship between you and your agent and outlines the terms and conditions of your agreement. If you`re serious about buying a home, then it`s a good idea to sign a buyer agency agreement as soon as possible.

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