Bucks County Real Estate Web Resource

Understanding What a Bucks County Agent Does For You

Before you can answer the question do you need an agent for a Bucks County transaction, lets place in detail what one does for you. Most states an agent can represent both a buyer and seller as a dual agent and can individually represent the buyer or seller. Generally to represent both parties in a single transaction, written consent is needed to be a dual agent in Bucks County.

To be involved with an agent as a buyer or seller, most states require signed consent, otherwise a contract between the agent and buyer/seller. This helps avoid issues in the future, but be careful, because when a contract is signed, you are often times obligated to use that Bucks County agent for any transaction identified within the contract.

A Bucks County agent representing a seller tends to be simpler for the agent than their representation for a buyer. A Bucks County seller’s agent is called the listing agent and is responsible for selling the homeowner’s property during a given time period, identified in the contract. The seller’s agent will represent the homeowner through the whole process from listing to closing.

Breakdown of Seller’s Agent Participation
· Represents seller and is both parties are required to sign contract
· The home seller is responsible for paying the Seller’s Agent commission and in most cases the Buyer’s Agent
· Agent will market the home under the terms outlined in the listing contract
· Agent will negotiate terms of the sale on behalf of the seller
· Agent will assist with escrow requirements

Cautions
· Look over contract terms closely
· Long term contracts, over 90-120 days can backfire if the market turns south
· Try to keep contract in 60-90 day timeframe
· Make sure they have a solid marketing plan
· Make sure you are using an experienced successful agent and not a “friend” or “family member”

A Bucks County Buyer’s Agent
A buyer’s agent will search the local MLS and will help find the ideal property for the buyer. This process can be drawn out and take awhile, depending on how particular the buyer is about the property they desire, how much they can afford and overall market conditions.

Breakdown of Buyer’s Agent Participation
· Represents the buyer
· Locates properties to view
· Places bid on property and negotiates terms on behalf of buyer
· Assist with escrow requirements
· Ensures buyer takes proper steps to getting a loan and ensuring quality of purchase

Cautions
· If you sign a contract, be sure to outline terms and identify expiration
· If contract is signed, do not use another agent without the other agent being aware