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Real Estate Tips
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 "Freddie Mac", and why is he a big name in real estate?

A 
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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Joe Dueñas, REALTOR®, real estate agent and broker for Laguna Niguel, Aliso Viejo and Mission Viejo, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Joe Dueñas
First Team Real Estate

24050 Aliso Creek Road #100
Laguna Niguel, CA 92677
949-632-3819
Fax: 866-828-9610
joe@joeduenas.com

Having been invovled in over 2000 home sales I have been blessed to come across many different scenarios and situations to make sure your needs are met! "Specializing in Today's Market!"

Equal Housing MLS REALTOR RELO


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