Suppose you find a home of interest and the Listing Agent tells you they will reduce the price of the home by 3% if you choose not to use the Buyer's Agent you have spoken to, but have not yet signed a written agreement with.
What have you benefitted if you "save" 3%, but still end up over-paying for the home by 5%? Absolutely nothing. You have, in reality, lost.
Listing Agents Represent the Seller. When you need to sell your home, hire one. When you need to Buy a home, hire a Buyer's Agent who will work solely on YOUR behalf.
There are many Buyers who may not even know they overpaid for their home because the comparables they were shown by a Seller or a Listing Agent justified the higher price.
Remember who the Listing Agent represents. Comparable sales provided by a Listing Agent should always be verified by an independent agent, preferrably your Exclusive Buyer's Agent.
I have seen comparables used for non-similar properties, sometimes miles away, when there are 2 or 3 of the same floor plan, in the same neighborhood that have sold within the past 30-60 days.
Make sure you hire an agent who is legally obligated to protect your rights as a Buyer. To get you the best price and terms, not the Seller.
Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage serving Salt Lake and surrounding areas. We do not list homes and we don't represent Sellers. We work for you on the Buying side of the transaction at all times.
For more information, just call us at (801) 969-8989 or contact us via the link on this page.
 |
|
|
Are you BUYING a $250,000-$750,000 Home in the Salt Lake area within 90 days? WE WORK FOR YOU on YOUR side! We evaluate homes, loans, & prices, and we counsel & negotiate FOR BUYERS ONLY! 801-969-8989
Exclusive Buyer's Agent: The Purest Form of Real Estate Buyer Representation
Wasatch Front Home Price Historical Data for the past 5 years
Most homes sold in Salt Lake County (July 2008) were priced $300,000 or less
Salt Lake Real Estate Market Update
Salt Lake City Real Estate - 2nd strongest metro price increase in the west
Why fewer housing starts in Salt Lake is a good thing.
What You May Not Hear About The Housing And Economic Recovery Act of 2008
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Benjamin,
I really enjoy your attitude; you put it out on the table. Salt Lake City is lucky to have you!
Sincerely
Tom Braatz
It is impossible to make an informed decision when you haven't been informed.
I also want to add that there is nothing nefarious about the Seller's agent squeezing the highest possible price out of the buyers... that is what they were hired to do! That is their legal obligation!
If Buyer's want to level the playing field, they need an agent whose job is to protect the Buyer's interest. This is exactly what Exclusive Buyers Agents offer to Buyers. 100% Buyer Representation.
Benjamin,
I was looking through the "exclusive buyer agent" posts and ran across a few of yours, all of them good. I'm impressed with your ability to get ideas across in a concise and informative manner. Keep up the good work.
Benjamin, excellent post in regards to buyers agents. Buyers need to understand that a seller agent represents the seller. When I work as a buyers agent in a transaction. I represent them 100% and intend to save them the most $$$ money $$$. You couldn't have said it better.