Purchasing a home is becoming a reality for more Americans each year. Government statistics indicate that the home ownership rate peaked at 67.7% in the year 2000.
However, purchasing Real Estate is a major transaction which includes several details that require attention. There are many factors that come to play during the transaction – legal, financial and emotional.
Most first time buyers tend to recruit a licensed Real Estate Agent to represent them. However, depending on the laws in your state and the agreement you have with your agent, he/she may be working in the best interest of the seller on not the buyer.
To ensure that your agent is working in your best interest, you ought to consider engaging your agent with a buyer representative agreement.