Authored by: Laurie Mindnich
September 25th, 2008
Great news for the Hamptons, New York Home Buyer: INTEGRITY HAS ARRIVED!
It was with enthusiasm that I read the recent news offered by Michael Daly, owner of True North Realty Associates in the Hamptons- buyers are now going to be able to navigate the Hamptons and North Fork market with a TRUE ADVOCATE, coming in the form of an exclusive buyers agent.
While Options Realty has been a loud-mouthed proponent of a practice that covers both buyers and sellers on the North Fork, the advent of a long-time (and highly respected)Hamptons broker entering this arena is truly great news.
While this news may be less than exciting for large brokerages focused on scooping up listings (buyer agency is not possible when a buyer purchases a property “in house”- limiting that sought after “double end” for large brokers that choose the buyer agency opportunity), it is, for consumers, a HUGE change in the Hamptons that will likely change the way that business is conducted.
That buyers now have an alternative to sub agency and dual agency in the Hamptons is overdue.
Quite simply, it presents an opportunity for buyers and sellers to proceed in a purchase without that “muddy” who-represents-ME scenario. In the past, it has been as clear as, well, MUD.
To Michael Daly of True North Realty Associates, congratulations on a decision that might (FINALLY) add some consistent clarity and integrity to a transaction on the east end, usurping the often confusing transaction in which a buyer, in hindsight, understands that that “really nice agent” in fact represented the seller all along…leaving the buyer with a sense of unease (and a purchase price dictated by both the listing AND selling agent).
While we may well find ourselves with regret that competition in the form of an exceptional company with experience has nudged into (understatement) a territory in which we’ve found ourselves quite alone in promoting, the end result is a benefit to ALL real estate companies on the east end of Long Island- when consumers are treated with professionalism and honesty, real estate agents benefit. Inherent integrity.
CONGRATULATIONS, MICHAEL, ON YOUR DECISION TO INTRODUCE INTEGRITY TO HAMPTONS AND NORTH FORK REAL ESTATE TRANSACTIONS!
Thank you for recognizing that consumers on the east end have, for too long, encountered too often a “ME, FIRST” attitude from many brokers operating on both the North and South forks of Long Island, when with consumers buying or selling a home.
If you are looking for a home on the North Fork of Long Island, and seeking buyer agency in its least complicated form (no in-house listing issues), call either Options Realty or True North Realty Associates for information:
Options Realty: 631-727-2227 (hey- it’s my blog. I go first) serving the North Fork of Long Island
OR
True North Realty Associates- Michael Daly: 631-725-0554, serving both the Hamptons and North Fork of Long Island
LATE BREAKING NEWS:
WELCOME, ALSO, BUYERS CONNECTIONS REALTY CORP. of Mattituck, NY. Both Joan H. Bischoff van Heemskerck, and Nicholas J. Planamento are also on board with serving buyers on the North Fork with representation! With much experience in real estate, both gentleman agree that a transaction of integrity includes defined lines of representation. We look forward to working with you on the North Fork of Long Island! Joan and Nicholas can be reached at: www.BuyersConnections.com
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Laurie, This is wonderful news--I know how much these issues have been bothering you. It's about time....maybe he heard you :)
Hi Laurie, sounds great news for buyers and buyers agents. Hey Laurie I noticed your photos didn't post correctly. Great news, nice post.
Carole, it is terrific- we've spoken occasionally, and I'm certain that this idea has been brewing since before my incessant whining. Hey- however it came about, it's a great thing for consumers there, as well has here- the more on board, the BETTER for ALL of us (consumers and real estate agents alike). Thanks!
Gary, really? It looks fine right now, but I'll go back and double check- THANK YOU!!
If you're referring to MY photo, I'm orange. That's natural sun exposure, not a fake tan. All I need now is a stem and a grin with only a few teeth...happy early halloween!
Hey, Laurie a ray of light, perhaps this is the beginning of the unraveling out there.
Hey, Laurie a ray of light, perhaps this is the beginning of the unraveling out there.
Miriam, a ray of light, AMONG OTHERS that if they were here, instead of in Westchester, would spread the importance. As always, THANK YOU.
Wow, Laurie!
I appreciate the support and kind words. I didn't expect the type of outpouring and excitement this announcement would make, but I have receieved calls and contacts from buyers, agents, business and real estate pro's all over the US and the GLOBE, thanking me for taking a step towards transparency in real estate practices. With banks and businesses failing due to the 'moral hazaed' that has been so abused, it's comforting to many that we will be dealing with issues around buyers' representation upfront.
Best regards,
Michael Daly
True North Realty Associates
631 725 0554
www.beachamptons.com
Michael, having a legitimate go-to in the Hamptons is great on this end- very tough to refer buyers without knowing that their interests come FIRST- or, more to the point, KNOWING that their interests DON'T come first! To have that certainty is a really great thing, and when BA is promoted by someone of stature, it makes it so much easier for the rest of us out here!
Laurie - That is good news, and this is reallya plus for the consumer. Michael is also craving out a great niche for himeself.
Jennifer, I was just doing a market analysis for a Hamptons property- they are paying (mls cooperation) often 1/2 of the fee offered to the other (sub and broker) agencies, so Michael has his work cut out for him- but fortunately, there are legal routes to take when unethical (or uneducated) practices by other brokers run rampant!
Great news for the Hampton's. Congrats!
Hi, Eugene- the Hamptons has a LOOOOOOOOONG way to go with respect to performing a consistently integrous real estate transaction (imo), but Michael's decision should kick-start some of these reluctant participants!