In Cache Valley, we have two types of real estate agents; Listing Agents and Buyer's Agents. The listing agent contracts with the seller to market and help them sell their house. Their duty is to help the seller sell their home for the most money possible. They have a fiduciary responsibility towards the seller, and will not reveal anything that could hinder the sellers negotiating position. A listing agent will tend to be more "salesman like." They are going to push to try and get you to buy their listing.
A Buyers Agent's role is to help a potential buyer find the most suitable home possible at the best possible price. They have freedom, and will make a commisssion from the sale of any home listed on the MLS. It doesn't matter which home the buyer chooses. A buying agent serves as a transaction facilitator. They share their expert market knowledge too aid the home buyer. You are will likely save money and make a better decision by using an exclusive buyers agent.
As a buyers agent, my loyalty is to you. I want help you get the best home and the best deal possible. As a Realtor, I know how much the seller paid for their home, how long it's been on the market, and other factor's that can help us determine how motivated the seller is, and what they might be willing to accept.
According to Peter Miller of the Realty Times: One reason for the growing use of buyer representatives is that the concept has gained greater public acceptance. Consumers increasingly understand that if a seller has a broker, then a buyer without representation has a substantial disadvantage.
Each year the buying and selling process becomes more complex. Here's an example: The first real estate contract I saw fitted nicely on a single page. In my last transaction there were some 65 pages of documentation.
If you had asked about self-selling or self-buying 20 years ago it would have made sense to say that such choices were viable marketplace options. But today that's not the case. Forget some paperwork and you could be out thousands of dollars or have a deal that's void or voidable. Go into a transaction unrepresented and the odds of success very much favor the other party.
I know the market -- As a full time Realtor, my life is devoted to real estate. I visit every home listed, and pay attention to new homes listed dailey. I am constantly on the look out for homes that match your criteria.
I know more than just the Market -- In addition to being able to sell you MLS listings, I actively contact and make deals with homes being sold by owner. This gives you a greater pool to select from.
Availability -- I am a full time buyers agent and am there when you need me. I am easy to reach by phone, and when I'm in the office I reply to most e-mails instantly. I mostly work from home, and can usually be of assistance any time of day.
Absolutely No Cost to You -- Many buyers agents will charge a "transaction fee" when your new home closes. Not me. You pay nothing for my services as a buyers agent.
Free Home Warranty -- If you sign a buyers representation agreement with me prior too looking for homes. I will pay for a home warranty for your new home.
No Obligation -- If you don't like the services I provide, or the way I conduct my business you are free to cancel with me at any time with no objections or hassel. Unlike some agents who are more concerned about making a commission, I'm more concerned about doing the right thing.
When you make an offer on a house, the seller can accept it, reject it, or counter it. If the offer is too low, the seller may reject it outright. Usually, the seller will counter the offer, naming a price or other specifications that are more in line with his or her expectations. If the property has little demand and has been on the market for a long time, the seller may be willing to accept much less than their asking price. Selling now for less, can often save them money over selling for more later. If a property is in strong demand, it may receive several offers. Then the seller may choose to accept the highest one or the one from the most qualified buyer.Here are some tips to make sure your offer is accepted in any market:* Be pre-approved by a lender, not just prequalified. This strengthens your position.
* Provide a substantial earnest money deposit. This is “good faith” money that shows the seller you are serious about the property.
* Limit your contingencies to those most important to you, such as financing, inspections, and the sale of your current home if necessary.When you are ready to purchase a home, I will negotiate on your behalf to help you get the best house your dollar can buy. I can act as a buffer to minimize the emotional elements and numerous technicalities of the home buying process so you can better enjoy the experience.I'll be happy to answer any questions you might have about the property, the offer, negotiating, or the buying process. Part of my expertise is negotiating. I will work diligently to help you find and purchase your new home. Call or email me when you are ready.