When you are ready to make an offer on a home in Real Estate in Kerala , it is really the ideal time to know the process so you can get the best bang for your buck. Lets just say that you want to find a home and make an offer in the Boise real estate market. Should you make an offer directly through the seller's real estate agent?
In the current real estate market, you will typically see two agents or brokers involved in any one transaction. There is a "listing" agent that represents the seller and their best interests and a selling or buyer's agent represents the buyer and their best interests throughout the offer process. The commissions typically are already in the purchase price and are split between the listing and buyer's agent which is contractual through the MLS system.If you do want make an offer directly through the listing agent, there will only be one agent involved in the transaction. This puts a little different spin on things and now you need to think about something called dual agency. This is when one agent represents both parties.
Agency and Disclosure:If you do write up an offer directly through the listing agent, the agent will disclose the potential working relationships that exist - which is whether they are representing the seller and you, just the seller, or neither party. There will be a document you sign called an "Idaho agency disclosure" that spells out the relationship. Remember, if you want to be represented in a transaction, you must have an agency agreement in writing.When representing both sides, an honorable agent becomes more of a transaction facilitator or perhaps a "dual" agent, which is what they are called in the Real Estatemarket. So, they cannot be a 100% advocate for either party, but have to play the role of middle man a bit more.
The real estate agent will deliver and explain offers and counter-offers to each party, but they can't tell you as the buyer that the seller is willing to take less money or different terms, or they can't tell the seller that you are willing to pay more for the property. It can get a bit touchy. I would recommend that every buyer gets their own "buyer agent" to help them find a home and work through the transaction. It makes things go much more smoothly and can potentially help you save thousands on your home.