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Exclusive Buyers Agent - Tampa Bay
Is it truly the best form of representation for
Tampa homebuyers?
If you want to make your home a
good investment, you need to make sure you buy low and
sell high. Worried about home sellers and their agents
looking out for their own interest and taking advantage
of you? Here is how you can protect yourself and
make sure you get the best deal possible. You'll get
a home of your dreams at the best possible price in
a matter of days.
You want a cozy, clean home in a
nice, safe neighborhood with great schools, and you
want it at a great price. We are here to help you find
it. Together, we will look at all the available choices,
narrow them down to match your ideal, drive around and
see your favorites, and then we will negotiate the best
possible price on the home of your choice and make
sure you are not paying over the fair market value.
"I would like to take this opportunity
to commend Lance Mohr for the outstanding job he has
done in working with my husband and me in our quest
to find a home. Lance has exhibited all the qualities
we had anticipated in searching for the right real estate
consultant to represent us in coordinating efforts to
find a home. His integrity along with his professionalism,
honesty, patience and consistent follow through is definitely
a quality Keller Williams should be proud of with Lance.
I feel confident that I would recommend Lance to any
prospective buyer or seller that needs a consultant
that will represent them with quality service.
Sincerely, Bernadine Eberle"
Become a VIP Home Buyer
First of all, what does "exclusive
buyers agent" mean? "Exclusive buyers agent" is
simply someone who will work solely for you, the home
buyer. Here is a little history: In 1983, a Federal
Trade Commission study revealed that over 72% of all
home buyers mistakenly believed that they were represented
by the agent who was showing them homes. The fact was
that most agents showing homes were representing sellers.
And by legal requirements of agency representation,
agents must negotiate in the best interest of their
clients (the sellers) by not withholding any information
from them (possibly meaning they would reveal such important
information as buyer's motivation, financial qualification
etc.) and presenting their property in most favorable
way. When consumers became aware of this, they demanded
their own representation, and as a result, laws requiring
disclosing representation were passed all over the country...
An exclusive buyer agent does not have a conflict of
interest since he or she only represents the buyer
in a transaction. Exclusive buyers agent will negotiate
in buyer's best interest, and will not have to disclose
buyer's confidential information to the seller.
You may also wonder: how do exclusive
buyers agents get paid? There are several ways to go
about it, and you are the one to make the choice. The
most common way is to divide the typical commission
between the listing agent and the buyers agent at closing.
Including words "buyers agent gets paid on behalf of
the buyer from the transaction proceeds" in the contract
secures the representation. And since the payment comes
from the proceeds at closing, there is no cost to use
an exclusive buyers agent upfront!
In the state of Florida there are
many different types of representation. The term "single
agency" sometimes is used instead of "exclusive
buyer agency" but they essentially mean the same - the
agent will solely represent you, the home buyer. The
most common representation however is "transaction
broker" (in fact, approximately 95% or all REALTORs
would fall into this category). The reason for this
is that most real estate companies such as Re/Max, Keller
Williams, Coldwell Banker or Prudential prefer building
long term relationships with their clients by helping
them not only buy homes but also sell them when the
time comes. Therefore, these companies work with
home buyers AND sellers thus creating a possibility
for conflict of interest from the legal stand point.
But in reality the conflict only occurs when agent shows
the buyer one of OWN listings, and the chances of your
buying his/her OWN listing are slim simply due to the
fact that there are hundreds times more listings in
the market that are NOT his/hers. As an Exclusive buyer
agent, the Transaction broker is bound by Florida
law to represent buyer´s best interest. For example,
when using a Transaction broker the Florida Law requires
that real estate licensees will NOT disclose: that the
buyer will pay a price greater than the price submitted
in a written offer, the motivation of the buyer, that
a buyer will agree to financing terms other than those
offered, or any other information requested by the buyer
to remain confidential, use skill, care and diligence
in the transaction. These are just some of the duties
a real estate licensee must provide. The point here
is that Transation Broker as well can protect your best
interest.
If you open up to the idea of using
a Transaction Broker, you open up to 95% more agents
who could qualify for the job. This is a much bigger
pool to choose from! Now, the best way to find a solid
representation is to find an experienced, knowledgeable
real estate professional with integrity (unfortunately,
a rarity in the reality of Florida's lax licensing laws!)...
We always encourage people to interview REALTORs as
they would any other professional. In fact, we love
interviews, as they usually lead to jobs we love most
- helping people realize their dreams of homeownership!
We look forward to helping you through
the home buying process, making sure you will ultimately
maximize the return on your investment. Having
worked with hundreds of home buyers over 10+ years,
we learned a lot – including lessons that will help
you find a special peace of mind, the peace of mind
that comes when you look at your home and smile.
Call today 813-317-4009 and let us explain how
we can help you find the home you want to find. We'll
also explain our tailored home-matching system that
will save you time and money. We look forward
to hearing from you!
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