ANN ARBOR, MICHIGAN January 19 -- An Ann Arbor real estate Buyer's Agency released data on their 2008 purchases today. The Home Buyer's Agent of Ann Arbor reported that their average savings figures are up 39% to $22,777 per purchase compared to 2007 levels.

Unlike traditional real estate companies who try to sell their listings for the highest price, a buyer's agency works to help purchasers get the lowest possible price.

 

"The economic conditions have certainly brought down the property values and put more foreclosures into the market," stated Jon Boyd, Broker/Manager of The Home Buyer's Agent of Ann Arbor, "but these savings numbers are the product of many conditions coming together, including the skill and passion of our buyer agents. Since many brokerages have moved away from full fiduciary level service into limited designated agency, it gives our more experienced team a greater negotiating advantage."

 

 

Savings for buyer's agencies are typically calculated based on cost reductions in multiple areas, including purchase price, negotiated repairs, mortgage costs, and personal property. These savings numbers include a broad variety of property from luxury homes to vacant land and condominiums. A more detailed explanation of savings calculation is available on the company's website here: Ann Arbor real estate savings calculation

 

 

"Since most real estate licensees in our area work as designated agents and are only involved in a few home purchases a year, the added complications of short-sales and foreclosures makes it hard for them to be as effective in negotiation" concluded Boyd.

 

 

 

 

The Ann Arbor real estate buyer's agent is the oldest Exclusive Buyer's Agency in the state of Michigan and has helped hundreds of home buyers save millions of dollars on their home purchases. Since Exclusive Buyer Agents only represent home buyers and never sellers, these companies avoid the conflicts of interest of traditional real estate companies and offer home buyers 100% loyalty.