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representation: What should a buyer look for before choosing an agent to represent them? - 04/17/08 12:47 PM
What should a buyer look for before choosing an agent to represent them? 1. Ability to help a buyer evaluate homes 2. Skill in negotiation 3. Undivided Loyalty 4. Proof of savings and past client satisfaction.
An Exclusive Buyer Agent covers the negative aspects of a home as well as the positive - in a consultative role - versus a "sales" role.  We give them the pros and cons of a property rather than trying to sell them one. I might show my buyer a number of homes in a given day - and it might be that I would … (7 comments)

representation: Builders in the Chicago Area Offering Nice Price Off Discounts - 03/04/08 05:19 PM
It has been our experience in the Chicago area that builders are offering some very nice discounts off of "list price" as well as extra incentives.  Unfortunately for home buyers that"just happen to be driving by" one day - they go into a builder's development - non-the-wiser that they shouldn't be signing in without the agent along with them - that they want to represent them.Having an agent to protect you (negotiation, running comps, knowing what the past and recent deep-discounts were in a given development (so you can get the same thing or better), referring a good inspector for "pre-drywall … (1 comments)

representation: "The Nest" - Provides a Nice Page of Home Buying Tips... - 01/24/08 11:19 PM
The Nest Article -- Home Buying Tips -- They give good advice - stating that you should interview three agents if you can -- and remember there are real estate companies that work for just sellers, some that work for sellers or buyers, some that try to work for both at the same time, and others that just work for buyers. "The latter companies are called Exclusive Buyer Agent Companies (EBA), and it is worth making sure one of your interviews is with an EBA. Visit NAEBA.org for more info."We couldn't have stated it any better.... _____________________________________________________________________
As Exclusive Buyer Agents … (1 comments)

representation: CNN Money Article on Why Representation by an Exclusive Buyer Agent is Best for Consumers - 05/13/07 12:24 PM
A new article on CNN Money talks about how people should use an Exclusive Buyer Agent.... Unfortunately - the terminology they used was "buyer agent" in this article at CNN Money
But the point is clear... use an agent that is on your side - and the only type of agent that you can be assured of that does that - is an agent that doesn't list properties - so they can give you unbiased home showing, no conflicts of interest, and always be on your side 100% of the time.
I think most people get confused - as there are … (0 comments)

representation: Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent - 04/17/07 11:54 AM
Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent in this March, 2007 article. (They have written many along the same lines in previous years..) Consumer Reports, Money Magazine, CNN Money, the Wall Street Journal, Medical Economics Magazine, the Consumer Federation of America, and many others have all done the same..
An Exclusive Buyer Agent is an agent that never lists company for sale - nor does their company.  They never represent sellers - ever.  On the other hand a "buyer's agent" works for a company that lists property for sale - and they themselves usually list property for sale.  Whether … (1 comments)

representation: The National Association of Exclusive Buyer Agents (NAEBA) - 03/30/07 01:31 PM
There is an association for Exclusive Buyer Agents - called The National Association of Exclusive Buyer Agents (NAEBA)
Not all Exclusive Buyer Agents are members however.  NAEBA has certain ethical guidelines that it enforces within it's ranks - so that the public can be assured that they are dealing with a true Exclusive Buyer Agent (versus the "fake" variety....someone naming themselves that - when they really aren't....for example - having had a few listings..)
 You can read more about the benefits of Exclusive Buyer Agency representation on that web site.
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As Exclusive Buyer Agents - we provide expert research and negotiation … (1 comments)

representation: Questions Every Home Buyer Should Ask When Interviewing Agents to Represent Them on a Home Purchase - 03/30/07 11:18 AM
--How long have you been representing buyers? What Real Estate designations do you have? Which ones are buyer-related?--(IF they have an ABR designation) -- Do you have any additional training beyond just the ABR designation? If so - what?--Do you have any credentials in research and analysis and information gathering? If so - what?--Do you call yourself a "buyer's agent" only when you are working with a buyer? In other words - do you also list property for sale?--What percentage of your transactions have been buyers versus listings? Can you please print out your buyer and seller statistics from the MLS … (7 comments)

representation: The Types of Representation Available to You in Real Estate - 02/08/07 01:47 PM
Traditional Agent: (Listing or Seller’s Agent)  Works on behalf of the seller and represents their interests during the sale. When you walk into an Open House - that agent is fully on the sellers side - and not yours. They will try to gain as much information about you (the potential buyer) and your situation as they possibly can - to assist their seller in negotiations. (Information is power in negotiations.)
Buyer's Agent:  A Traditional Agent who also lists property for sale - and who assists the buyer during a transaction. They may get into a "Dual Agency" situation - or … (2 comments)

representation: Home Buyers Aren't Properly Educated About the Forms of Representation Available to Them in Real Estate - 02/08/07 01:32 PM
One study showed that 77% of Buyers Pick the Listing Agent of a Home They are Interested in (many times, on the Internet) to represent them for their purchase.  This is one of the WORST things a buyer could do! The buyer is typically raked over the coals by the listing agent. The agent gathers all the information they can about the buyer and their situation to give their seller the upper hand.Listing agents are represent THE SELLER - not the buyer. Unfortunately - "agency disclosure" (letting the buyer know how they are really being represented (or not)) is being provided … (0 comments)

 
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