Localism: Frisco, TX

The Commitment That Goes Both Ways

Mon, 01 Dec 2008 17:37:41 -0600

Question: I am beginning my house-hunting process. What type of real estate agent should I work with to ensure my interest is protected in this transaction?

Answer:

Congratulations to your first step in home ownership. There are many financial, tax and emotional benefits to owning your own home. Something you call your own. I remembered when I first became a home owner, the first thing I did was to paint the walls - simply because I can! I remembered that feeling as if it was yesterday. Your question/ concern is valid and justifiable so because:

ALL real estate agents represented the seller by default - even if they had never met or talked to the seller. That means they have a legal responsibility to disclose to the seller any information given to them by the buyer.

So, as a buyer, how do you protect your interest in the transaction?

Your answer is simply with a written exclusivity agreement to work with a real estate agent. The paperwork is called the Buyer's Representation Agreement. In this document, it clearly defines both parties' obligations to one another. COMMITMENT TO BUYER: Hence, your buyer's interests are contractually protected, above the interests of the seller. Your agent will not disclose any information you do not wish to share with the sellers and if he/she feels that sharing some important information will put you in a better negotiation position will first ask for your permission.

Here in Texas, the Buyer's representation must be created in writing to be lawful. It must also have a time period: when this relationship begins and more importantly, when this relationship ends. If during this time you are not satisfied with the service you have been given, you may request for a Termination. Discuss with your agent if there are any fees involved. All real estate agents are independent contractors and each company have a different policy about this issue.

COMMITMENT TO AGENT: Having this agreement in writing also protects the agent who has been working hard for you, spending countless hours on research, showing you - the buyer the properties.

If you are interested in understanding the importance of the Exclusivity Agreement from the real estate agent's perspective, read also, Working Exclusively Is an Important Message Your Client Needs To Know.

Note: All contents are original. I write consumer-related real estate blogs based on my experiences with other real estate clients. They make the best teachers. Consider subscribing to my blog.

*************************************************************

I proudly serve and sell real estate in the northern suburb cities of the Dallas metroplex. If you are thinking about purchasing or selling your home in neighborhoods of Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area and other surrounding areas and more importantly, want to work with a local area expert, contact me immediately.

It is a competitive market, hence it is important that you choose to work with the realtor who knows these communities like none other. I employ a systematic market approach in selling your home - an intentionally unique proposal that most real estate agents do not use. If you care to be on your way to a successful closing, contact me immediately to see how different my proposition will be.

Contact:
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

Copyright © 2008 by Loreena Yeo (3:16 team REALTY). The Commitment That Goes Both Ways.
Do Not Copy. Serious actions will be taken. Re-blog is allowed for Active Rain members on the Active Rain platform when the content is taken in its entirety and credit be given to Loreena Yeo and 3:16 team REALTY.

Are you Evite Smart?

Mon, 01 Dec 2008 10:31:11 -0600

I need help. Just made and sent an Evite for a holiday lunch we are setting up for my cycling club here in Frisco, TX. I did what they said and brought over all the names from Outlook into an address book in my Evite account. But you can't see the names of who is invited and what they respond. You can see the space the names make and when you roll your mouse over it lets you know there is something there to click on. I don't think it is a background issue but can think of nothing else.

help- aside from an e-mail you can send to the Evite folks, that I already sent over the weekend- have any ideas?

Thanks in advance,

Geoffrey Davis 214-529-9622-

Past Web Sites:

Mon, 01 Dec 2008 10:20:31 -0600

I keep a folder on my computer that I store ideas and web sites for this Weekly. Here are a few sites I either listed and thought you might like to see again or that never made it to a story here. Hope you enjoy:

Not sure what to get the person who has everything- Kinetic Coffee
Who owns Cole-Haan? My favorite show of all time!
An overly smart computer guy with a talent for calculators and charts
Is your favorite bicycle shop among the Nations Top 100?
Yield to Life takes on a huge task- protecting our children as they ride bicycles
Need a job and want to stay in Frisco?
I am reading this book now called Traffic; How We Drive- would make a great gift
A Article from Ann Marie about the City of Frisco Hike and Bicycle Master Plan re work
Texas Fallen Soldiers Project, just a great idea
Always end with a funny site- go dance with Matt

Drive to Frisco this Holiday Season

Mon, 01 Dec 2008 10:18:34 -0600

Frisco Square has Texas' largest choreographed music and light display! November 28th - January 1st Every Night- FREE!!!

Christmas in the square has been going for years and so cool to drive by, turn on your radio to the set station and be in sync with the lights. They have an event this Saturday called Merry main Street that my Rotary group will be at. Great crowd of people all night long!

Geoffrey Davis

Wow- it is December

Mon, 01 Dec 2008 09:55:10 -0600

The best part about going away for Thanksgiving is your kids get to wreck havoc on someone else's home. The worst part is you end up a weekend behind with your daunting list of Christmas "to do list". What is your responsibility? Mine is lights outside the house, the tree in the alcove above the door, driving the "man van" to get a tree and put it up. I know, does not sound like a huge list but overwhelming for some reason.

One year I want to have a Christmas light party over here with lots of "Holiday Spirits" and have help hanging the lights but fear the liability insurance I would need to carry. Save travels for you up the latter this year.