A very wise Buyers Agent explains why a Buyer Broker Agreement is essential to success!
I'm a buyer's agent not a set of keys, and yup, there's a difference.
Let me start off by saying, I'm not a high pressure sales person. It is not my intention to talk you in to purchasing a home you don't want so I can pick up my check. It IS my intention to make sure that we don't waste each other's time.
Requesting a meeting prior to showing you properties isn't just because "I'm a people person."
This meeting is to explain the home buying process to you: Even if you have done your homework (and it's great if you have!), there is information that comes with my experience and you might just find it valuable. This meeting is also to do what we call a "need assessment": This is where we talk about your needs and wants in a home, your timeline for purchasing, your price range and anything else that's important to you in the purchase of your new home. This meeting is to go over important disclosures that I am legally obligated to provide you with: At this meeting I will present you with the Agency Disclosure that I am obligated by law to provide you with. This is a two page document that explains the different types of agency that can be provided to individuals in a real estate transaction. I will also present you with a disclosure that explains the home inspection process (which can be daunting, particularly for first time home buyers) and the different types of inspections offered.
While the internet is an invaluable tool in finding the homes you want to see, I can help!
As a local real estate professional, I have probably been inside some of these houses already. Which means, that I can tell you why there are no pictures of the third bedroom (because it's an 8x8 cell with no light and a pet stained carpet that you are only going to be able to use for storage). Because I understand the type of financing you will be using, I knowthis foreclosure property isn't worth looking at (because it will never qualify for FHA financing.... and since we sat down together to go over your financing needs, I already know you are going FHA).
Presenting you with a buyer agency agreement doesn't mean that I want to trap you into working with me and then stop working hard to keep you as a client.
The buyer agency form is a committment from BOTH OF US. It commits me to represent you and find you a property, and it commits you to not use another agent in purchasing a property. We can make this commitment for as long or short a period of time as you like. Does it help me out to know that you are serious about purchasing a home and that my time isn't wasted? Sure. Exclusive agreements have been used by on the seller's side for a long time, because we recognize that in order to sell a house in the quickest amount of time and with the best terms possible, that requires a commitment from both the seller and their agent. The same principals apply to the buying side of the transaction.
Bottom line, I don't want to work with you if you don't want to work with me.
Let's face it, you are going to be spending your free time with me looking at homes, that's a pretty big deal and I don't want to be a part of it if I am not going to improve that process for you.
If you'd like to know more about how I can help you as a buyer's agent in buying a home in Waltham, MA or the surrounding area, call me (781-799-9267) or email me firstname.lastname@example.org.
About the author: This blog is provided by Lori Liveston, a Realtor with Virtual Homes Real Estate. Lori can be reached via email at email@example.com or by phone at 781-799-9267. Follow me on Twitter @loriliveston
If you are thinking of buying or selling your home, contact me today! I would love to put my enthusiasm, marketing expertise and dedication to customer service to work for you.
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I service the following towns in Metrowest MA: Waltham, Lexington, Watertown, Billerica, Burlington, Woburn, Newton, Needham, Dedham, Framingham, Ashland, Natick, Hopkinton, Upton, Arlington, Weston, Wayland, Belmont, Concord, Lincoln, Bedford and Winchester..
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