Exclusive buyer's agents are professionals who work for real estate companies that do not list properties for sale or represent sellers. Working with these agents will help you avoid conflict of interests that can occur when two property investors are interested in the same property listed for sale. The property may be listed by an established buyer's agent or the company the agent works for.
According to the National Association of Realtors, 9 out of 10 home buyers use real estate agents. Although many people use the terms listing agent and buyer’s agent simultaneously to mean the same thing, there are distinct differences between the two. A listing agent represents the seller, while a buyer’s agent takes care of the buyer’s interest in the negotiation and closing process.
An exclusive buyer’s agent will assist the buyer in filling out necessary paperwork, bargain with the property seller, negotiate contingencies, and facilitate the homes for sale inspection process.
Exclusive vs. Dual
Although an agent can be both a buyer’s agent and a listing agent at the same time, many agents today specialize in various aspects of real estate brokerage. This trend towards specialization led to the rise of the exclusive buyer’s agent.
You can select an agent who represents both sellers and buyers. Nevertheless, beware of dual agents who offer you a house they are also listing to sellers. The agent may have conflicts of interest. Consider working with an exclusive buyer’s agent who will put your interests first.
Important Considerations
It is important to know that not all real estate agents and real estate companies are exclusive buyer’s agents. In addition, home buyers have a right to choose a real estate agent of their choice. Exclusive buyer’s agents can help save you time and energy in the home purchase process.
Sources:
Working with a Buyer's Agent, ct.gov
Real Estate Brokers and Salespeople Consumer Fact Sheet, mass.gov
Monday, August 1, 2016
Wednesday, July 27, 2016
Little Known Home Buying Tips to Consider When Checking Homes for Sale
Buying a home is exciting; however, if you don’t take the time to learn what to do and what to avoid, you may find yourself with a serious case of buyer’s remorse. While there are some common home buying tips that virtually everyone knows and has heard time and time again, there are a few others which are less common. Getting to know these little known tips when searching homes for sale will help you get the house you have always wanted.
Get to Know the Neighborhood
Prior to making a purchase, you should get to know the area. This means you visit morning, noon and night. There are some homebuyers who make a purchase, only to realize the neighborhood wasn’t a good fit after they moved in. Be sure to drive by the house being considered at different hours of the day to see what is going on. Also, drive to work or school from the house to make sure it is a manageable distance day after day.
Give Your Potential House a Check Up
Chances are, you wouldn’t purchase a car without looking under the hood. You shouldn’t buy a home without having it checked out either. While this comes with a cost, it will be well worth it if there is a major issue with the home. The sole responsibility of the home inspector is to provide a home buyer with information so they can make a decision whether or not they should buy it.
Don’t Let Emotions Get in the Way
If you buy a house based on your emotions, it will end up breaking your heart. When you fall in love with the house, you may make some bad financial decisions. Take time to look at a home from a practical point of view to ensure it is really what you want.
When the time comes to begin looking for homes for sale, be sure to keep these lesser known tips in mind. When you are fully informed, you will be able to make an educated decision.
Sources:
10 Things Your Real Estate Agent Won’t Tell You, dailyworth.com
Top 10 Secrets To Successfully Buying A House, enlightenme.com
Get to Know the Neighborhood
Prior to making a purchase, you should get to know the area. This means you visit morning, noon and night. There are some homebuyers who make a purchase, only to realize the neighborhood wasn’t a good fit after they moved in. Be sure to drive by the house being considered at different hours of the day to see what is going on. Also, drive to work or school from the house to make sure it is a manageable distance day after day.
Give Your Potential House a Check Up
Chances are, you wouldn’t purchase a car without looking under the hood. You shouldn’t buy a home without having it checked out either. While this comes with a cost, it will be well worth it if there is a major issue with the home. The sole responsibility of the home inspector is to provide a home buyer with information so they can make a decision whether or not they should buy it.
Don’t Let Emotions Get in the Way
If you buy a house based on your emotions, it will end up breaking your heart. When you fall in love with the house, you may make some bad financial decisions. Take time to look at a home from a practical point of view to ensure it is really what you want.
When the time comes to begin looking for homes for sale, be sure to keep these lesser known tips in mind. When you are fully informed, you will be able to make an educated decision.
Sources:
10 Things Your Real Estate Agent Won’t Tell You, dailyworth.com
Top 10 Secrets To Successfully Buying A House, enlightenme.com
Friday, June 17, 2016
Top Three Reasons Why You Should Hire an Exclusive Real Estate Agent
When you begin your search for the perfect home, you will need some assistance. Real estate is a complex market, and without the necessary knowledge and tools, you could make a bad purchase. To ensure you get the best investment, you will need to work with an exclusive buyer’s agent.
Thursday, June 16, 2016
What to Do to Ensure Home Buying Success in the Blue Springs, MO Area
The atmosphere in Blue Springs, Missouri, is wrapped around nature. Residents and newcomers alike are enthralled with descriptive tidbits of their town. The homes for sale usually have trees and bushes that are also intriguing to potential buyers. Selecting an exclusive buyer’s agent who is knowledgeable with points of interest can be very rewarding.
Monday, May 23, 2016
Why do Buyers Need an Exclusive Buyer's Agent to Find a Great Deal
In today’s housing market, many homebuyers are choosing to handle their own real estate transactions without the assistance of an exclusive buyer’s agent. However, real estate is an intricate business with legal nuances that overwhelm the average buyer.
Oftentimes, choosing not to use an exclusive buyer’s agent can cost the homebuyer thousands of dollars at the closing table. It's important to seek their help when buying a home, as they have extensive experience and a deep knowledge in all matters related to purchasing real estate properties.
Oftentimes, choosing not to use an exclusive buyer’s agent can cost the homebuyer thousands of dollars at the closing table. It's important to seek their help when buying a home, as they have extensive experience and a deep knowledge in all matters related to purchasing real estate properties.
Monday, May 16, 2016
Blue Springs, MO Revitalization Presents Opportunities For Buyers And Investors
The allure of suburban living has taken the Kansas City area by storm. More families and investors are finding an interest in the outlying areas of Kansas City. The need for real estate professionals who know how to match buyers with perfect homes for sale is in high demand. Places like Blue Springs have an abundance of investment properties that are perfect for buyers, and the best way to discover these properties is through a local real estate firm with a pulse on the area.
Friday, May 6, 2016
The Importance of Finding A Real Estate Agent for the Discerning Buyer
When you're looking for a home to buy,
you might not know of ways to talk to a seller to get a lower price. There are
certain areas of the home you need to look at to make sure no work needs to be
done in the future. Paperwork needs to be completed, and you need to know how
to complete the closing with the seller and any financial institutions that
might be involved.
Exclusive Buyer Agent Help
Exclusive Buyer Agent Help
An
exclusive buyer's agent can help with all of these factors, but you need to
know how to choose an agent who will work for you and your family. One of the
easiest ways to find the best agent is to talk with other clients. Find out
what the real estate agent has
sold in either the past six months or the past year.
This can give you an idea as to the
prices the agent has been able to get for buyers and if the agent is willing to
work with the buyer and the seller in order to get someone in a home. If the
list of homes that are sold with the agent is short, then it could mean that
little work has been done to try to find a buyer the right home for the family.
Reviews
Clients will often give a truthful account to the buying experience, especially if it's a negative one as they usually don't want others to deal with the same mistakes they went through. Find out about the asking price from the seller and the actual price the buyer paid to see how well the agent could be at negotiating.
Clients will often give a truthful account to the buying experience, especially if it's a negative one as they usually don't want others to deal with the same mistakes they went through. Find out about the asking price from the seller and the actual price the buyer paid to see how well the agent could be at negotiating.
Sources:
5 Questions to
Ask Before Choosing a Real Estate Agent. US News Money.
7 Tips for
Picking a Real Estate Agent. BankRate.
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