Hi everyone, it’s Stephanie here (with the RiverWILD Real Estate Team)! I want to share some crucial news for anyone looking to buy a home in North Carolina. Beginning in mid-August, there’s a significant change for home buyers: you will need a buyer agency agreement in place before you can view any home.
Watch this video so you are ready to tour homes with confidence!
What is a Buyer Agency Agreement?
A buyer agency agreement is a contract that formalizes the relationship between you and your real estate agent. This change ensures that you are fully represented and have professional guidance throughout the home-buying process.
Why This Change Matters?
- Representation – Having a buyer agency agreement means your agent is legally obligated to act in your best interest. This ensures you receive expert advice and guidance from start to finish.
- Access – Without this agreement, you won’t be able to view any homes. This new rule ensures that only serious buyers are viewing properties, making the process smoother and more efficient for everyone involved.
- Commitment – Signing a buyer agency agreement solidifies your commitment to your chosen agent. This leads to a more focused and productive home search, with your agent dedicated to finding the perfect home that fits your needs and budget.
- Benefits of Signing a Buyer Agency Agreement – When you sign a buyer agency agreement, you’re not just gaining access to homes. You’re also gaining a dedicated advocate who will negotiate on your behalf and help you navigate the complexities of home buying.
- What You Need to Do – Before you start viewing homes, choose a real estate agent you trust. Sit down with them to review and sign the buyer agency agreement. The process is straightforward, and your agent will explain all the details so you know exactly what to expect. As your local Johnston County real estate expert, I’m here to help you every step of the way. If you have any questions about the buyer agency agreement or the home buying process in general, don’t hesitate to reach out via email: stephanie@staywild.com.
- Open Houses – You will still be able to attend open houses to view homes, but you will likely be asked to sign a form to view the home on that specific day.
- Key Takeaway – Remember, starting mid-August, no agent can show you a home without a written and signed buyer agency agreement. If you choose not to sign, you won’t be able to see the home.
Thanks for watching this video! Be sure to like, comment, and subscribe to my YouTube videos for more Johnston County real estate tips and updates. Let’s make your home buying journey a success!