Exclusive Buyers Agent


Share |

The Difference between an ordinary agent and an Exclusive Buyers Agent!

   
When most buyers are ready to buy a house they can't wait to find the perfect one.  Sometimes buyers are in such a hurry that they go to open houses or new home subdivision without being accompanied by a real estate agent.  The emotional surge in finding a house that they love can lead buyer to miss important aspects or the property they're excited about or the transaction that results in their quick offer.  This can result in buyers making offers that are too high, not asking for standard concessions form a seller, or not having their interests protected to the degree they deserve.

 Buyers can avoid falling into this trap by finding an agent that they like and trust before starting to look at houses.  Working with an agent met at an open house or a model home may mean that the buyer will be under-represented.  While all real estate licensees are required to treat all parties honestly and fairly, when an agent represents the seller only, the buyer may not be represented in a transaction as completely as would be expected from a buyer agent who knows the buyer's needs and desires before the home search begins.

 

What are the advantages for buyers who have their own representation?  

A buyer's agent or buyer's representative works for and owes fiduciary responsibilities to the buyer and keeps the buyer's interests protected throughout the transaction, looking out for the buyer's interests throughout the inspections and other contract contingencies until closing.  Also, any information that buyers share with their agents is confidential and any information that the seller or seller's agent shared with the buyer's agent must also be disclosed to the buyer by the buyer's agent.  Below are is a comparison of the difference between an ordinary agent and Exclusive Buyers Agent

Ordinary Agent

Exclusive Buyer's Agent 

100% Committed to the Buyer

Can show you all the homes in the MLS (Multiple Listing Service. Will show you all the homes in the MLS, For sale by owner properties, foreclosures, even properties that are not on the market!
Can tell you the price the sellers are asking for homes but cannot suggest an offering price. Will tell you the price the sellers are asking for homes; will calculate the fair market value of the home for you, and assist you in developing an offering price by using comparable sales data!
Can provide "raw" information on comparable homes that have sold in the area.  Not allowed to interpret that data for you Will provide and interpret information on comparable homes that have sold in the area and help you formulate an offering price and negotiating strategy!
Can convey your offer to the seller or their agent and convey their response back to you. Will guide you through the entire negotiation process offering advice and information every step of the way!
Can provide you with a "list" of title companies, home inspectors, and other professionals for you to choose from. Will recommend title companies, inspectors, and other professional services you will need!
Can tell you some general information about the seller. Can tell you everything they can find out about the seller and their motivation for selling!
Must tell the seller everything they know about you, your financial status, and your motivation for buying. Will keep any information about you confidential if it would weaken you negotiating position!
"Thinks" in Seller's terms (i.e.:  Get the highest price possible for the home) "Thinks" in Buyer's terms (i.e.:  Get the lowest possible price and best terms for the Buyer, not the Seller)!

 

 Shouldn't you be using an Exclusive Buyer's Agent?

Click the button for more information about
 Working with Real Estate Agents

 

 

 

 

 

  Ed Price & Associates
  Archdale Office
  118 Trindale Road
  Archdale, NC  27263
 

  Ed Price & Associates
  Main Office
  1220 North Main Street
  High Point, NC  27262

      Ed Price & Associates
    Thomasville Office
    1040 Randolph Street
    Unit 4S
    Thomasville, NC  27360

Phone:  (336) 861-7653
     Fax:  (336) 861-7654


Contact Office

 

Phone:  (336) 812-3161   
   Fax:  (336) 812-3163


Contact Office

 

 Phone:  (336) 474-8320
      Fax:  (336) 474-7717



Contact Office

     
Click for help
Click to login
www.listingbook.com

Click here for more info on using ListingBook!

 



All information provided is deemed reliable but is not guaranteed and should be independently verified.

Share |