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Why use an EBA
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To give you a better understanding of why this is important, I'd like to tell you a little story. It's called: One day John and Sally LaSale decided to
sell their home. When they bought the house a few years ago from the listing
agent, their best interests weren't represented and they paid too much.
Now that they are selling they are quite excited because they feel it's
their turn to get the highest price.
Across town at that very moment a young
couple, Peter and Joan DeBier are reading a real estate magazine
and thinking about buying their first home. They see an ad for a buyer
agent, his name is... you guessed it, Moe Munee. The ad states that
as a buyer agent Moe can help the buyers every step of the way. Peter turns
to Joan and says, "Gee Joan this guy really seems to know his stuff he
should be a big help in negotiating the lowest price for the purchase of
our home". Joan
So Moe Munee takes Peter and Joan DeBier over to see John and Sally LaSale's house, they like it and ask Moe to help them negotiate the purchase. Moe says, "I'm sorry even though you still have to pay my full commission the dual agency disclosure states I can't fully represent your interests on this purchase“. Peter and Joan are more than a little annoyed but they like the house and come up with an offer for Moe to present. Now Moe takes the offer over to John and Sally and presents it. John and Sally are happy to have an offer and ask Moe to help them negotiate the sale. Moe says, "I'm sorry even though you still have to pay my full commission the dual agency disclosure states I can't fully represent your interests on this sale“. What just happened?
Moral of the story:
Buyer's Trust Real Estate
Inc. is your Real Estate purchasing expert.
We represent your interests. We work for you, and we will assist you in purchasing the home of your Dreams at the best possible price. If the agent is not working for you as a buyer broker, that agent is working as a transaction broker or for the seller as a seller's agent, not for you. You are the agent's customer not his client. A seller's agent must treat you fairly and can't misrepresent any material facts about the property, but he must try to get the most money and the best terms for the seller, not you. He must, by law, tell the seller everything he has been able to find out about you. Here's what an Exclusive Buyer Broker can do for you. We have no other Loyalties Even if an agent says he will be your buyer's agent there will still be conflicts if that agent or his office also lists property for seller's. Lawyers in the same office will not represent both parties in a transaction. Agents in the same real estate office shouldn't either. You have a choice If the agent is not working for you as a buyer agent, he can not help you determine that the property is over priced. He can not give you advice on offering less than full price. He can not reveal the seller's motives. If it doesn't cost more, why settle for less Our
commission is paid at closing from the fee the listing broker receives
from the seller, it doesn't cost more to have me on your side. Here are
a few more reasons to choose
an Exclusive Buyer Broker, provided by the National Association of Exclusive
Buyer Brokers.
“Until recently all residential real estate agents and brokers represented the seller a fact lost on many home buyers. Now... a new breed of brokers has emerged to fend for them.” Christi Harlan The Wall Street Journal “Most agents who show you homes don’t represent your interests. They work for the seller, and their object is to sell the house at the highest possible price. ”USA TODAY “ Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place.” Kiplinger's CHANGING TIMES "Only an EBA can guarantee to represent you in your home purchase and guarantee to negotiate on your behalf" Tom Early, President of the National Association of Exclusive Buyer Agents
Finding the home that is just right for you is no easy task, but it becomes easier when you order your customized area info pack. This pack is chock full of valuable information on the area, such as schools, employment, homes in your price range and mortgage pre-qualifying. E-Mail us today and begin your search with a little help from "Your Exclusive Buyer Brokerage", Buyer's Trust Real Estate. |
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