| | Exclusive Buyers Agent - Tampa BayIs 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! | |
