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About Appraisals >Best Interests of the Buyer

Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.

Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.

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Real Estate Trivia
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Who is considered the world's most renowned living architect?

A 
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).
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Red Bank, NJ
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Rosaleen Light-Newby, REALTOR®, real estate agent and broker for Summit, New Providence and Berkeley Heights New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

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Summit, NJ. 07901
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Let Rosaleen be your guide through Summit, Berkeley Heights, New Providence, Chatham, Madison, Short Hills, Basking Ridge, Warren, Watchung & surrounding towns. Rosaleen has been a successful realtor with over 30 years of experience, America's #1 Expert. When asked what is the most important to her in real estate, she stated "the ability to listen", "flexibility", "strive for excellence", "integrity" & "trust". Isn't this what we are all looking for? A person who represents old fashion service with the state of the art technology.

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