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PARTIES TO A REAL ESTATE

TRANSACTION

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BUYER’S AGENT

SELLER’S AGENT

As a buyer, your agent represents you. They negotiate with the seller’s agent on your behalf with your best interest in mind.

The seller’s agent represents the seller. Negotiating on the seller’s behalf the seller’s agent is responsible for keeping the seller’s best interest in mind.

BUYER

SELLER

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Runs Comparables to Determine Home Value

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LENDER

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The lender is selected by the buyer and is responsible for financing the loan.

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INSPECTOR

Makes Recommendations on Repairs and Updates

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Markets Home

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Reviews Offers and Negotiates on Seller’s Behalf

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Negotiates Inspection Items

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The inspector is hired and paid for by the buyer and responsible for inspecting the home and providing you a report of their findings.

Verifies That Timelines are Being Met by Both Parties

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Negotiates Appraisal When Needed

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Communicates with Title Company and Buyer’s Agent Throughout Transaction

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Coordinates Closing

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APPRAISER

The appraiser is a non-bias 3rd party hired by the lender and paid for by the buyer. They’re responsible for providing the lender an opinion of value of the home you’re purchasing. This value is the most that the lender will finance the home for.

TITLE COMPANY

Either party can select the title company. Who selects the title company is determined during the negotiation of purchase. The title company is responsible for conducting a title search on the property as well as offers settlement services to close the transaction.