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28 Comments on No Hard Feelings, I Work For The Buyer!
Raine, excellent points and congrats on the feature! It is so important that all of us continue to educate our buyers and sellers on agency relationships and what they mean. Have a happy Easter.
Thanks for all your responses. I appreciate the feedback and how agency is done in your part of the U.S.
@Agent Aaron, Thanks for the new nickname. Love it!!!
Very smart. I think it's also really important for agents to know these contracts inside and out because once they do, they will be more comfortable.
As my old Dad used to say, you dance with the one that brung ya.
Being knowledgeable of the contract language is imperative. I am surprised by agents who just fill in the blanks and do not know what the parts without blanks actually says.
Here in Georgia many builders use their own contracts and as an agent representing the buyer, I always try to get a copy of the contract the day before my client actually signs it. SO I CAN READ IT and make notes regarding areas of interest or concern.
Raine, this is a very important aspect of buyer representation. Buyers need to know exactly what they are signing. Thanks for the reminder.
Hi Raine, Great reminder that we represent one side of the transaction or the other and should make sure our representation is complete and professional.
A great refresher ---- Thank you.
Raine, as business professionals, we can't let our "feelings" and emotions get in the way of good business decisions. Thanks for this great blog post, you are a true pro!
Regina Brown
When the agent of the seller or builder gives the buyer's agent a hard time, it's got to make you wonder if there is more to it than meets the eye. Excellent representation of your client, for being their bulldog!
Excellent advice. I just mentioned in one of my other blogs for buyers to bring their own representation with them when they go to a model home. They do not understand the builder's rep represents the builder.
Right on. I can't tell you how many times a buyer has told me to just tell them what it says so they can sign it. I always encourage them to read everything thoroughly but some people just don't work that way. In those cases you better have your client's best interests at heart when you put the offer together. Karma can go either way.
Raine (great name and spelling, btw) good for you. While I had occasions where it might be frustrating to feel as though the buyers agent bringing THEIR BUYER to a new home site was a tad intrusive with the builder contracts (that oversight was sadly rare), it was a respected bit of participation- and your buyers surely had that same appreciation.
If you get resistance with on site people, it's largely due to the fact that once the contract is signed, the buyers (as they should) visit "their" house frequently, are accommodated by the on site person (not their Realtor) for months on end...and the on site person *sometimes* doesn't get so much as a thank you from a participating Realtor when it's all said and done. Can you tell I sold on site in a past life? :)
The builder's contracts we see here are so one-sided! I frequently cross things out and negotiate points on the contract rather than allow a buyer to just sign. They mandate who does title and where settlement will be, and sometimes that is an hour from the house. It's probuilder so it is good to have your own rep.
I concur with Erica. After working for a new home builder for a while, I know that the builders contracts are constructed in their favor.
Builders will use the incentives and "in-house" lenders to make the buyers think that they are getting a great deal. When in actuality, it's the same money, but they they just allocate it in ways that make it look appealing.
Any agent worth their salt will not only go to the new home communities with their clients, but assist them with understanding the incentives, the closing cost and of course that one-sided contract.
I concur with Erica. After working for a new home builder for a while, I know that the builders contracts are constructed in their favor.
Builders will use the incentives and "in-house" lenders to make the buyers think that they are getting a great deal. When in actuality, it's the same money, but they they just allocate it in ways that make it look appealing.
Any agent worth their salt will not only go to the new home communities with their clients, but assist them with understanding the incentives, the closing cost and of course that one-sided contract.
Neither the seller, the seller's agent nor the builder's rep should have hurt feelings just because you're representing your client. They should be doing the same.
Raine..........great post! I had a couple call me that would close on their contract and ask if I could help. I had never met them, but they were smart enough not to sign the 12%/30yr mtg. The first thing I asked the sales person was "Would you advise your own kids to sign the...........better yet...........would you sign it"? Needless to say, one of the lenders I sent them to got them 6%/30year.
Right as Raine.......excellent post and good subject to bring up now and then. Thank you
@Pat - Love the bulldog comment. I actually have a past client that refers to me as a 'pitbull in a skirt'...love it!
@Laurie - I feel there should be some level of expectation from both agents, and it should be communicated at the time of contract. It never dawned on me that the builder's rep expected a Thank you from the Realtor, when most times the Realtor is left out the loop, and purposely it seems. I will keep that in mind.
Thank you all again for your feedback.
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