WE'LL NEGOTIATE IN YOUR BEST INTEREST

HOW TO LEVERAGE BUYER AGENCY IN YOUR NEXT MILWAUKEE HOME PURCHASE

Every client should be afforded the opportunity to have an advocate in the purchase of a home with a Buyer’s Agent such as Suzanne Powers

Did you know if you do not have a signed Buyer Agency Agreement ( WB-36 ) with your agent, in the State of Wisconsin your agent is required to work in the best interest of the seller?

Buyer Agency Agreement

Why Buyer Agency?

Every client should be afforded the opportunity to have an advocate in the purchase of a home

Did you know if you do not have a signed Buyer Agency Agreement ( WB-36 ) with your agent, you cannot view properties with them? Every Buyer is required to have a signed agreement with their real estate agent beginning August 15th, 2024.

Powers Realty Group is committed to ensuring that you are well-informed throughout your real estate journey. We will walk you through the new regulations.

Buyer Consultation

Setting the tone for negotiations in your purchase of real estate

We believe at Powers Realty Group that every good client relationship should start with a meeting. So, we strongly suggest your home purchasing journey with us begins with an initial buyer consultation.

It is very important to us that you understand the buying process and your agency relationship with your broker, before we ever show you a home. Most people only purchase a home a handful of times in their lifetime.

The process has changed over time, so whether you are a first-time home buyer or a seasoned purchaser of real estate, this meeting will be very important in educating you on the process and setting the tone for negotiations in your purchase of real estate.

Offer to Purchase

Your agent at Powers Realty Group can negotiate in your best interest

The Offer to Purchase ( WB-11 ) has been recently revised, is 11 pages long, and has a mandatory use date of August 15th, 2024. The changes and the order of the document are significant. Choosing buyer agency affords your agent the ability to negotiate in your best interest, seek out the home of your dreams, and helps you identify details of purchasing you may not fully understand.

Buying an older home in Whitefish Bay? You may need the advice of your buyer’s agent to help you navigate old basement foundations, chimney masonry, and the home’s history.

If you are a first-time home buyer, having an advocate in your process may be critical as you make the most expensive purchase of your lifetime. Make sure you have a sit-down meeting with your agent before you begin the process of buying your first home.

What is BUYER AGENCY?

Buyer Agency is a contract ( WB-36 ) that a buyer signs with a broker to be the exclusive agent for a buyer’s property search

In order for the broker to be able to give opinions or advice in writing an offer and negotiations, there needs to be a signed buyer agency agreement. The Broker, in this capacity, works as the buyer’s fiduciary in the transaction.

NOTE: Without the Buyer Agency agreement, the agent owes allegiance to the seller.

agency law

“When you strip down buyer agency to its bare bones, it’s a buyer’s opportunity to have an agent provide them opinions and advice regarding the properties covered under the agreement.

When the buyer asks, “how much should I write the offer for?” a buyer’s agent can respond with a specific number or advice. This is in contrast to an agent working with a buyer customer, who can only respond in general terms, such as, “submit your best offer.”

It’s all about the client relationship the buyer agency contract creates.”

– Cory Lamont | WRA Attorney

Services

Regardless of the agency agreement, there are certain things ALL agents MUST do for a buyer:

Protect your confidentiality
Treat you honestly and fairly
Respond honestly and accurately to questions concerning the property
Provide community data and current market conditions
Present contract proposals in an objective and unbiased manner
Accompany you to the closing and assist you through the process
Disclose material adverse facts about the property

The additional services you receive by entering into a buyer agency agreement with an agent are:

A professional opinion of the seller’s asking price, based on a comparable market analysis prepared for YOU
Assist YOU in negotiation strategies in your best interest
Critique a seller’s property for you, beyond the required disclosing of defects
Advise on, write the offer, and draft provisions in YOUR best interests

Suzanne's Proven Process Gets Results!

We hope this provided insight for you in the pursuit of your real estate. Powers Realty Group is here to help assist you with any questions you may have regarding the purchase of real estate. Please feel free to reach out us with any questions.

CONTACT SUZANNE

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Buying a Home?

At Powers Realty Group, we understand that Purchasing a Home is one of the Most Significant Financial Decisions a person can make

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POWERS REALTY GROUP OFFICE LOCATIONS

Powers Realty - Shorewood

4214 North Oakland Avenue
Shorewood, WI 53211

Powers Realty - Naples / Marco Island

9056 Cherry Oaks Trail
Naples, FL 34114

414.963.0000

suzanne@powersrealty.com

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Information is supplied by seller and other third parties and has not been verified. Powers Realty Group shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.

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