1 You have exclusive representation 2 Representation exclusively by a professional realtor shows wisdom and trust of the buyer. Wisdom is never short changed when the details are not overlooked.
I have a shoppinglist for my clients, and search High, and Low to fullfill their wishes. If a good deal comes up, they are the first to get the news. So you see, an agent representing you 100 %, will give you the same, or more. Kapish?
Good luck house hunting.
Unni O. Shelton,Broker, Yuba City, Ca.
Picture looking for a job and being required to put in a full months work without pay before finding out if you or one of the other 5 applicants get the job. How many of these "interviews" could you afford? The better agents find the better way. They don't line up for these "races". They study, practice and perfect their skills. Then they demand the same degree of loyalty that is being demanded of them.
These agents can save you money by being better informed on not only the market, but ways of writing the offer to put you in a better position.
Expect to meet with the agent, listen to them, learn about the process and contract & maybe seeing a few houses before signing up.
When dealing with the largest investment you'll probably make in your life, it's always a good idea to surround yourself with professionals that can guide you along and provide information and direction when you need it.
Having a Realtor on your side makes all the difference. We work on commission and that's why we get so possessive of our clients. But the fact remains, a Realtor can be your best friend and he/she has contacts that can be invaluable to you during the home buying process.
If you are honest with your Realtor, making sure going in that you picked someone who you can trust and someone with the experience you're satisfied with, then the home buying experience can be really fun. After all, it's your home and a Realtor can take most of the buying stress off your back and make it an enjoyable experience.
You are asking this Question, getting responses from Agents/Non- Agents and that is as it should be but isn't your Question a simple one actually?
YOU are considering a Large Financial obligation and YOU are going to be making decisions that had best be wise ones as it is YOU who will have the Obligation if things do not go Positively....
" should we be open?" This is the key to your question in my opinion and is what YOU should Focus on...
You must know what your goals are and how it is you plan to attain them, you must be informed. Working with an Agent who provides Services to assist you may be the wisest path for you to take, but this can only work if you are "open".....You need to decide for yourself what is the Relationship and What Services you feel you need from an Agent and be open,honest just as you wish they would be with you.
Then keep your word, if you buy a Home with the Assistance of an Agent be clear you will pay for those Services and pay for them. If you find an Agent you wish to work with exclusively then Yes, be clear what is offered/expected (Commission/Services) from each other, have it in writing..
The bottom line is You are the Consumer, the one seeking Services which Agents compete to Provide.
Learn your options as a Consumer/Purchaser of Services and YOU Decide which option works best for You then seek and hire the Services you require.
Good luck, Dunes
What Pat said is exactly correct. How can you expect someone to negotiate hard and find you the best deal when they know that you may just go with someone else tomorrow? The point of a buyer's agent is to look out for your best interests.
The reason exclusive agreements exist in the first place is because of people like Journeys. Funny thing about loyalty and service, itâ€™s a two way street. Personally speaking, I don't ask for one exclusive initially. But if I've invested time in taking out a client, educated them and found out what they want, I do expect the same professionalism back. If they are still agent shopping, I will either ask them to sign an exclusive for each house I show them (there is more than one type of Exclusive), or thank them for the opportunity and wish them well. Most often, that's when they find themselves with that lazy agent. I wish you well.
If you have any other questions, please donâ€™t hesitate to call or visit our website shown below.
Forefront Real Estate
Lic Thru CA DRE #01013510
154 W. Foothill Blvd #A308
Upland, CA 91786
Be sure you do your homework before you hire someone, not after so when you do make an exclusive agreeement with someone you feel comfortable they will do a fantastic job for you.
Find out: How long they've been in the business, if they are full time or not, how many properties they have sold over all and how many in the area you are looking, ask for letters of recommendation from prior clients (with contact info) and contact them.
It takes a real focus of hard work and time to find the right property for a client, and any Professional Buyer Agent will want to have a written commitment before they invest their time.
I agree, your agent should be more than a "key" to get into properties. That is why you need to interview your agent to be sure that s/he is knowledgeable about the area and type of home you are seeking.
However, your argument that an agent should not show properties to anybody else doesn't make sense. First, if someone is looking for a house in a particular area, don't you think they will find another agent to show them properties in the same area if your agent refuses? So how does this help you? The other buyer is still out there.
Second, if you find the most knowledgeable agent in the area, wouldn't you be glad that others have found the great agent who is going to find the right home for each of you? This means that all players in the market have better knowledge; therefore making the market more efficient.
While you may be loyal to your agent because s/he is working hard for you, other buyers out there may not be. This is evidenced by Journeysâ€™ post. In this type of case you are likely to get a better response from one good agent if s/he knows that you are not working with 3 other agents. I know that I would refuse a client if they were working with 3 other agents. Why would I want to spend hours searching for properties and taking you to see them and giving all the background, advantages/disadvantages, etc. of the home if you are out with someone else later the same day?
I just think that the entire market would be more efficient if people would properly interview agents and then stick with the best one. Journeys may be getting poor service from the agents s/he has selected because poor agents are the ones who will put up with a client using 3 other agents.
I hope you donâ€™t take offense by any of my posts, I just want to be sure that readers will consider all sides before taking steps that may result in worse service for them. I am glad that you found a good agent and wish you the best. Same for you Joe.
GO to OptHome.com and find the Right Agent for you........
I agree with your statements to some degree. However, just some clarification:
In California agents are allowed to represent more than one buyer, but must disclose this to the buyers. Having your agent represent you and another buyer looking for the same type of home does not give you are the other buyer a disadvantage, because ultimately you are the one who decides how much you are going to offer.
I rarely have my clients sign an exclusive agreement, because almost all of my clients are referrals who know about me and know that I am looking out for their best interests. However, on the rare occasion that someone comes to me saying that they don't really like their existing agent, I find out what it is they don't like and if I can help, I will then ask them to sign an agreement.
I, just as I am sure you and Joe, value my time. It would be unfair if your employer had you and your coworker doing the same job and then only paid one of you. So why would you think that it would be acceptable to mislead an agent?
I consider my clients my employers and if I am unhappy with work I quit them and if they are unhappy with me, they fire me. An exclusive agreement allows for this type of relationship. All it really says is that while I am representing you, you agree to use me and that when one of us no longer wants to work with the other, then we can part ways.
I would recommend that everyone following this thread read the actual contract before making decisions about whether it is suitable for you or not.
Overall, I think the relationship between the buyer and the agent is best left to a good faith. The buyer should interview and select their agent as if they were hiring him/her to do any other type of job. Likewise, the agent should interview the buyer. Having said all this, I have a very good relationship with my agent and have every intention of making sure he gets his commission. But he never asked me to sign a contract, he earned my business based on merit.