Here is an excerpt from the latest NAEBA press release that I found very insightful. Pay close attention to the statistics on appreciation and foreclosures.
Working with an EBA offers more than a dedicated representative. Data validates that buyers actually get better results. An EBA promises to work toward a better price and terms for buyers. A study conducted by Chandler & Chandler confirms that property purchased through an alliance with an EBA shows a 67% greater appreciation in value. Additionally, a survey conducted by the National Association of Exclusive Buyers Agents (NAEBA) found that among survey respondents, there were only 15 foreclosures out of 1,849 closings. That represents a foreclosure rate of just 0.8%, compared to the nationwide rate of 1.84% in 2008.
NAEBA views HUD’s advice to consider an exclusive buyer agent as very timely given current market conditions. Clark agrees, “We are encouraged by an increased movement among consumers to seek out Exclusive Buyer Agents. Working on behalf of buyers is extremely rewarding. Consumers who hire an Exclusive Buyer Agent find that the whole process is more enjoyable because of the incredible trust between the buyer and their agent that doesn’t always exist in the traditional buyer/agent relationship.”
To read more about NAEBA or this press release click here.
HomeBuyer Experts, representing People not Properties.
If you are in the market for a home and would like to experience the protection and advise that an Exclusive Buyer Agent provides please email me at cwhitehead@hbexperts.com or you can call us at 330-315-2552.
