I have something very important to share with you. Some may call this a secret, but really, its common knowledge. Not all real estate agents are the same.
Hiring an agent to assist you with a home purchase could save or cost you thousands. Earlier this year, I was hired as a buyer’s agent to find and negotiate their home purchase. Both the buyer and I were burning the midnight oil to find just the right home. Weeks went by. Mainly because by the time we saw or got to the property it had multiple offers on it. Finally, at 7 am on a Sunday morning I was looking through the MLS and came across a home that met ALL the buyer’s needs… except it was in a different location than what they were looking in. I emailed them the property any way explaining why I was sending them this property. Several hours later I got word from the buyers that this was the perfect house and they wanted to make an offer. Naturally, I met them at the house so they could see the inside (which really is a must.)
You may ask why I sent a client a home in an area which they didn’t think they wanted to be in. There were several reasons: The property had everything they wanted (size of lot, size of home, and additional amenities they were going to pay to have built on the property), it was basically the same distance for commuting to work as where they had decided to seek a home, lastly, I knew this listing was under priced for the area it was located in. After receiving the appraisal, the home was significantly under priced, which meant the buyers had equity in the home they just purchased and, unfortunately, the sellers failed to make that extra profit.
It’s critical to any home buyer to interview real estate agents to find the one who will be best suited for you and hire them by signing a Buyer’s Representation Agreement. This document typically doesn’t cost the buyer anything. What this contract represents is a binding fiduciary duty to you, the client. Some question you’ll want to think about are:
Is the agent making the decisions for you? The answer should be no. A Buyer’s Agent is there to assist you through the process of finding the right lender if you need assistance, create a custom search for you so you can decide if you want to see a property. When you drive past a property and want to view it, your agent will arrange a showing for you. There should not be pressure to purchase that home. You, the buyer, should be making that decision.
What happens when you find the home you want? Your agent helps you to prepare your offer, presents the offer on your behalf, negotiates terms and conditions of the offer in your best interest. These services should not cost you anything extra (some brokerages charge a “buyer processing fee” at closing up to $400!)
How you benefit from hiring the right agent? You can afford the home you’re purchasing. You may be able to beat out other offers by your agent’s expertise in presenting and negotiating your offer. You get the home for a price that you feel is reasonable in the current market conditions.
How does your Buyer’s Agent get compensated for their services? Typically, the listing agent or home builder pays a percentage of their listing commission at closing to your agent who brought the contract their seller accepts.
What are the agent’s expectations of the buyer? Loyalty. Honestly. Trust.
Purchasing a home is stressful. Your agent should be helping to relieve the stress so the transaction moves smoothly and as hassle free as possible. There will be things that come up that just have to be done or overcome which may be stressful or inconvenient. Interview potential buyer agents with questions that are important to you. When you find a Realtor you want to work with, hire them.
As a Home Buying Specialist…I will help you:
1.Find the best home for your needs
2. Negotiate the lowest price
3. Meet your home buying needs with the least amount of hassle
And none of my services will cost you a penny!
Author:Shapley Realty Phone: 512-380-1823 Dated: December 21st 2015 Views: 633 About Shapley: ...
Shapley Realty is a full service real estate company dedicated to doing business differently and setting a new standard for service in the real estate industry. The company was founded by Ray Shapley, a top-producing agent who wanted to bring a consistent, customer-centric level of service to an industry of "hit or miss" service. Shapley Realty is focused on proactive, results based service for our clients.
High Standards, Results, Great Service, Happy Clients
We are building a business in which high standards permeate all aspects of our company. Our motto — High Standards, Results, Great Service, Happy Clients — emphasizes that our vision reaches far beyond any single transaction.
Our ability to instill a clear sense of client–centric service among our team and service is contingent upon our efforts to communicate more often and more openly. Better communication equals better understanding and more trust.
Service Begins With Results
Our clients are the most important piece in our business. Therefore, we go to extraordinary lengths to deliver results, because results are why our clients hired us in the first place.
• Clients are the lifeblood of our business and we are interdependent on each other.
• Clients are the primary motivation for our work — they are not an interruption of our work.
• Clients are people who require a service from us and our primary objective is to satisfy them as best we can — they are not just another transaction.
We seek to deliver results for our clients as well as an experience that is fun, unique, comfortable and educational.
We continually experiment and innovate in order to raise our service standards.
We want to deliver a new level of service, knowledge, communication, results and respect to our clients.
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There was a time not long ago when the feasibility of owning a home i
"We had a tremendous experience with Shapley Realty. They are an experienced team that knows market conditions and how to negotiate the best deal. In the Austin market it is critical to have an experienced team, due to the rapid pace of homes coming for sell and being sold. We were moving from Maryland to Austin and had a very small window to look for houses and to get a contract on one. The Shapley Realty team took the time to learn about us and what we were looking for in a new home and neighborhood. They helped us to quickly find a neighborhood and home that more than met our needs/expectations. Within a few days we had enough knowledge about different neighborhoods, schools, and access to shopping that we were able to pick a great house in a fantastic neighborhood. Our time constraints were met by the Shapley Realty team and we found a house and closed on it within our timeframe. The whole process went without a hitch and Shapley Realty was there to answer any questions we may have had. In addition, since we were so far away, they offered to assist with anything local that we may need before we got to Austin. The whole experience was great and we would highly recommend Shapley Realty to anyone interested in buying/selling/renting a home."