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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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| Q |
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?
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| A |
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street. |
 See More Real Estate Trivia > |
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Ginger Belland and Hal Stark
Long and Foster Real Estate
1415 Route 70 East
Cherry Hill, NJ 08034
856-857-2239
856-857-2157
stark@lnf.com
gingerb@lnf.com
We work with buyers and sellers of Homes and Condos Burlington County: Evesham, Marlton, Medford, Medford Lakes, Moorestown, Mount Laurel, and Southampton. Camden County: Cherry Hill, Collingswood, Voorhees, Berlin, Haddonfield, Winslow. Gloucester County: Deptford, Mantua, Mullica Hill, Sewell, Woolwich Township. Gloucester Township, Washington Township, Mullica Hill, Blackwood. Our specialty is First Time Home Buyers, Military Relocation and Government Employees: Hainesport, Westhampton, Pemberton, Shamong, Mount Holly, and Lumberton. We assist buyers in getting the best Mortgages.    
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