Home Buying in 23117>Question Details

Liz Wilson, Real Estate Pro in Spotsylvania, VA

How are your clients dealing with the mandatory Buyer's Agency agreement?

Asked by Liz Wilson, Spotsylvania, VA Wed Aug 15, 2012

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Connie McMaugh’s answer
Hello Liz: Clients here seem to think the added "protection" and confidentiality offered by the buyers agency agreement is a plus for them. Older clients need a little more explanation of it as it is very unfamiliar to them. Still, the abovementioned protection does resonate once they have a chance to review the document and ask questions. It's just a bit of fear that must be dispelled and explanation/education on the document does that. Just mentioning that it is "mandatory" or "the law" actually does nothing to dispell the fear...understanding the terms of it and making sure that buyers know that they can sign for just one day really helps!
0 votes Thank Flag Link Mon Oct 14, 2013
No real issues, my clients accept it as just part of the home buying process.
0 votes Thank Flag Link Sat Feb 9, 2013
Hi Liz,

You can have them sign the agreement for the specific property they are viewing, and if they
are still reluctant to sign, they can limit the agreement for that day.

So far, no refusals to sign.
0 votes Thank Flag Link Thu Aug 16, 2012
I'm finding clients have been very good and understanding about it as long as it is explained properly. Thanks for your feedback! Liz
Flag Fri Sep 14, 2012
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