Why Hire Me as your Buyer's Agent.
Why Hire Me as your Buyer's Agent.
Representing your best interest without paying a dime!!!!!!*
All real estate agents represent the interest of the seller until there is
a
Buyer's Agent Agreement
. Listing Agents Represent the Interest of the Buyer--it does not mean you
get a better deal.
Many buyers have the idea that going to the listing agent will get a
better deal. This is not true. Commissions are determined by a contract
between the seller and the listing company--not the agent. Keep in mind
also that the listing agent only has a fiduciary responsibility to the
seller--and anything you discuss with that agent, he has the obligation to
discuss it with the seller if it is to the advantage of the seller. Lets
say for instance you mention you just won the lottery-or anything that
talks about your financial situation--well that compromises your
negotiation position.
Some buyers have the idea that since so much of the searching can be done
on line--including on this site, then what more could we do. For one, I
have a tremendous amount of time and money invested to make this site easy
for you to find properties and to expose my seller's homes on this very
successful waterfront targeted site.
Searching and showing properties is only the tip of the ice burg of what a
buyer's agent does. Like a fingerprint, every buyer is different, every
house is different, every situation is different.
Below are some of the extra things that I have done as a
Buyer's Agent
that benefited the buyer--even saved them from making the biggest mistake
in their life, or made them the most money for their investment.
Educating Buyers made me Teachers pet.
My fourth transaction dealt with a property that I had a buyer for and
discovered out not to even owned by the seller who had signed the
disclosures nor was it disclosed. The agent was a top producer in a
reputable company. Furthermore, the rightful owner was an elderly lady in
Florida who was being hoodwinked. A little bit of due diligence prevented
unknown amounts of time and trouble and litigation, not to mention a poor
seller who was being ripped off. As a result of this act of extra
credit--and 4 deals from these buyers.
First Time Buyer on Structurally Challenged House and unscrupulous
lender.
Another buyer could not read or write and I found out that he was being
taken to the cleaners from unscrupulous lenders trying to get him to sign
contracts and pay over $1000 just to check his credit. I arranged for a
friend of this buyer to witness all contracts.
On top of this challenge, the house was structurally unsound and needed
work in order to get financing and the seller had no money. So I arranged
for the buyer who was qualified to do the work at a reduced rate, for
which he was compensated as a reduction in price. It was to his best
interest to do it right and the only way the house could be sold.
Saving buyer $10,000 on bad mortgage deal
Another one of my buyers had a lender she had used to secure a home equity
loan to purchase a home was charging over $32,000 in points and fees and
immediately found a mortgage broker who immediately saved her $10,000.
Absent Buyer with Baby on the Way
Bill was a buyer had was looking for a multiple unit and never met the
buyer who lived in California, but was there at the showings with a camera
taking at least 50 photos of the property to email, was then there on his
cell phone during the inspection to the buyer who was in the delivery room
of his wife who was about to give birth.
French Buyers and a $600,000 idea
Another buyer came from a different part of the world altogether looking
for a place that could remind them of their place on Lake Geneva. They
knew nothing about New Hampshire much less the Lakes Region.
That transaction also involved knowing what to expect when dealing with
the transfer of funds from France which is on a totally different mind set
for "deadlines"
In negotiation of this transaction, I did a market analysis of the
property to show its real value and discussed things to do to improve the
value. The advise increased the appraisal by $600,000.
Husband and Wife Buyers in different countries and different time zones.
The Mr. was in Denver. The Mrs was in England. So their dream was to have a place near the ocen omewere inbetween--and to take advantage of the best that New Hampshire has to offer. I first gave them a piture of the best areas to consder of the 13 miles of coast line. Then found a new condo to be finished and negotiated teh model unit to become their unit--furniture and all-and for the developer to pay the buyers rent back for months. They now own the best unit in teh complex and can enjoy a nice rental income when they choose not to be there while flying back and forth to Denver and England.
Turning a half a million dollar man into a million dollar man
I had worked with one buyer for Four years when I found a property of his
dreams--but it was higher than he thought he wanted to spend. I
negotiated a price for a house that was first listed at $3.5 million and
with time was listed at $1.7 million and he snatched it at $1.3 million.
To sweeten the pot, I told him the opportunities were huge for the
investment to pay him back. I arranged for a top lake rental company to
meet with him who showed that this dream property could snatch another
$8500 a week in summer rental.
Greener Acres of sorts
A family were transferring to the seacoast. They needed a place near
shopping, schools that could handle a child with special needs, and of
course be close to his new job. They knew nothing about New Hampshire.
The first thing I did was to send a packet of brochures of businesses and
amenities of the area. Then when they purchased their home, I found them a
decorator, and contractor to transform their home into the home of their
dreams.
Free Gas for the Masses
Michael was a buyer from California who I hadnt met yet. He wanted to
purchase a waterfront in Newington with a pier. He fell in love with it
online. His parents fell in love with it in person. Later, I went back to
the house to find an obvious gas smell in the air. talked with the
neighbor and found that it was next to the gigantic fuel storage tanks for
the east coast along with a major power plant nearby. I called Michael
back and told him the good news was that there were no mosquitos in the
area, the bad news was that you could ignite a gas grill with what was in
the air when the wind was blowing east. Got him out of a potential health
risk and stigmatized house.
Selling a waterfront from a different lake in a different state.
I had a buyer I never met call me from my web site
www.WaterfrontAgent.net
for a house I never saw in NH. The only problem was that I was in
Michigan--on Lake Michigan--or was it? I went to a Prudential office in
Grand Rapids, arranged for showings, did a market analysis, and then wrote
up an offer. Then I arranged for inspectors and discussed all of their
options. I met them after a 15 hour drive to the home they wanted.
Amazingly they had talked to three other local agents including the one
who sold their own home, but they apparently didnt want to do the 45
minute drive.
Making a perfect match for firefighters
Mike and Manda were proof that two firefighters could make a perfect
match. Of course their schedules dont match up in any way. I sat at the
fire house during 4 emergencies and was able to get both to sign their
papers as they were available, completing the task just in time for 2
simultaneous emergencies which took them both away in opposite directions.
I promise I didnt have any of the donuts left behind.
There are so many stories, for which I will continue to add.
These stories are just a few examples of the Life and Times of a buyers
agent in the real estate business. I would be happy to discuss your
options over some coffee and donuts.
Buyer agency
is one of the most misunderstood agreements it seems. In general without
a buyers agent agreement, technically we all work for only the sellers.
The State Brokerage Relationship Disclosure forms states:
*
You Are A Customer
Unless or until you enter into a written agreement for agency
representation, you are considered a Customer and the real estate broker
or salesperson will not act as your agent. As a Customer, you should not
expect the real estate broker or salesperson to promote your best
interest, or to keep your bargaining information confidential.
You become a client with a written agreement
In accordance with RSA 331-A:25- a the duties of an agent to a client
are:
Loyalty, Lawful, Obedience, Disclosure, Confidentiality, Reasonable
Care, Diligence, Accounting
Client-level services also include advice, counsel and assistance in
negotiations
*A buyer agency agreement is between the buyer and the real estate
company. It is a contract. In most cases the commission is paid by the
seller, and an acceptable commission split is negotiated by the listing
and buyer's agent. That is how we do business.







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