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Most home buyers underestimate the importance of having an Exclusive Buyers Agent look after their best interest when purchasing a home. People get scared when they hear words like "exclusive".The main point is to realize that all features of exclusive agency are available to you without you paying additional money! Exclusive Buyers Agents are paid at closing out of the proceeds of the transaction just like any agent except they are there to help you and keep in mind your best interests! Just like you get the protection of their services and experience without any extra fees! Why do I need an agent in the first place, why can't I do this all by myself?We negotiate the best price possible since we aren't working for the seller. We sign a contract to represent only you and your best interests . Using the criteria you provide we search all possible listings and properties. With our experience we can point out the strengths and weaknesses of each property. Give you the truth about a property value, not its perceived value in the eyes of the seller or listing agent. Help guide you for property inspection and warranties. Offer advice on how to make offers on properties. Submit offers promptly and professionally. Provide honest and complete financial information about neighborhood properties and how this can affect your future. Respond honestly and accurately to your questions. Negotiate solely on your behalf. Assist in choosing the closing authority. Perform loan analysis from multiple lenders to find the most favorable loan for your particular situation. Review HUD-1 settlement statement for accuracy. We keep your personal information private from the seller and other agents, something listing agents are not obligated to do! How do you get paid for your wonderful service?There are several options. Most buyers pay the same way sellers pay their agents with the commission paid at time of closing which is divided between the listing agent and their agent.So commission split it is. Buyer will not pay any additional cost or fees for their services. The main difference being is that the buyers agent's portion of the commission is paid on behalf of the buyer and comes from the proceeds of the transaction. This is clearly stated in your contract and secures your representation. Â Why and how can you save me money?By law we must negotiate the lowest price for our clients and reveal any information about how low the seller is willing to go, if we know it. We provide all facts about the sellers urgency to dispose of the property and any other favorable information to the buyer ,that is available and disclosed. Note,that a good listing agent is not obligated to disclose this kind of information to the buyer! What kind of savings could I recieve?Even 1% savings when buying a home or hunting for the best loan option out there could equal to thousands of dollars. Can't the seller agent working at the open house represent me?Not always! An agent who lists properties usually signs a contract to represent the seller and help them sell their property. Therefore the agent hosting an open house presentation, showing the home is likely working for the seller. To protect your interests you should have a written "Agency Agreement" signed by you and the agent that makes the agent accountable to you - legally! end faq |
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Purchase Buyer Services Buyers Asking Us
Purchase Buyer Services Buyers Asking Us
Sunday May 20, 2012
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