Agent

Understanding real estate agency

Who really represents the home buyer?

With house and condo buyers now out of their winter hibernation, and with fears of mortgage interest rate increases causing buyer panic in some areas, we're now in the traditional spring peak home-buying season. But it's not easy being a smart buyer this year, especially if you are buying your first home. In communities with more qualified buyers than there are home sellers, it's known as a "seller's market." But in areas with more homes for sale than there are qualified buyers, it's called a "buyer's market." Purchase Bob Bruss reports online. Whether you plan to buy a home in a seller's or buyer's market, before starting the purchase quest, this is a good time to ask yourself, "Who really represents me in the home purchase?" WHAT IS A BUYER'S AGENT? Just as home sellers hire listing agents to market their homes to the largest number of potential buyers, such as through the local multiple listing service and on the Internet at www.realtor.com, home buyers also need somebody looking ...

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