Buyer's Agents Pay for Themselves
As a First Time Home Buyer you have options:
1. Work on your own
2. Work with many agents, with no loyalty
3. Contract Darren who is looking out for your best interests
A few questions to ask yourself.... With no contracted REALTOR on your side:
Who is looking out for your best interests? Who is providing you with a complete unbiased evaluation?
Who is negotiating the best possible price, subjects and terms?
The answer would be....
The listing agent who is contractually obligated to get the best price for the seller. The For Sale By Owner. The Developer’s Sales Rep.
An agent who is not contracted to work for you cannot:
- Recommend or suggest a price
- Negotiate on your behalf
- Inform or disclose any information to you about the seller (which typically can put you in a better bargaining position)
For Sale by Owner and Discount Real Estate Services
Who is liable? Who carries the Errors and Omissions Insurance Protection? Is the Seller obligated to disclose any defects?
Typically a Buyer’s Agent will negotiate the real estate commission and have it paid from the seller’s sale proceeds. So why deal directly with the seller?
Dealing Directly with the Listing Agent Equals NO Agencey Relationship
I have seen this time and time again, the buyer hopes to save around $2000 in commission, or is promised with incentives at the risk of perhaps paying $5000 or more for the property because they have to represent themselves in the agreement.
There are so many scenarios where people have opted for a “No Agency” or “Dual Agency” relationship and found themselves over their head with things such as: easements, neighbouring development, compromised structure, pressure from an agent who is not looking out for your best interests, paying too much, the list goes on and on.
As your contracted Buyer’s Agent it is my job to communicate with you on all positive AND negative aspects of the potential property. It only makes sense to contract a Buyer’s Agent as there are no costs to you.
Contracting me as your Buyer’s Agent will save you money and give you peace of mind. This way you have someone on your side hammering out the best deal for you. This way you have someone on your side negotiating the best deal for you! Remember that as your Buyer’s Agent I’m on your team. This means you can confidently disclose information, positions and negotiation tactics you’d like to use with me and know that information will stay between us.
OK, now let’s talk about the process
So here is how we go about buying your property....
We’ll do an initial meeting, keep it casual and grab a coffee or you can come by my office Downtown. This meet and greet takes anywhere from half an hour to an hour. We will go over any questions you may have for me as well as a bunch of questions I will have for you. We will discuss your ideal property, financing options and talk about how to exceed your expectations.
Once I have a good idea as to what you are looking for I will execute a search and send you the best matches to go over. We can discuss potential favorites together and set up showings for the best prospects. This is when it starts to get fun!
If we like something right from the start, great, but chances are we will go back to the drawing board a few times. This process takes as long as it takes, I'll show you many properties until you find the one that meets all your criteria.
You should start brainstorming and prioritize your requirements on two seperate lists.