HUD to Buyers: "If you want someone to represent only your interests, consider hiring an 'exclusive buyer’s agent', who will be working for you."

A little more info on my recent post....  Newly revised for 2010, HUD's latest publication related to buying a home is titled, "Shopping for Your Home Loan: HUD's Settlement Cost Booklet." It is a must-read for anyone who will be buying a home in 2010 (or beyond).

In spite of the title, the booklet doesn't just contain information on how to shop for a home loan using new forms and an explanation of the settlement costs involved in a real estate transaction.

The guide also contains valuable information on a variety of other topics related to purchasing a home. (4 Megabyte PDF download!)

Massive reforms in the real estate and mortgage industries took place in 2009.

Many of these major changes take effect on January 1, 2010.

There are a lot of changes that affect home buyers, and this guide will make it apparent that the way to buy a home has changed. 

On page 6, it explains the role of a real estate agent or broker, making clear that "although... agents and brokers provide helpful advice, they may legally be representing the interests of the seller and not yours."

It goes on to say, "It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an 'exclusive buyer’s agent', who will be working for you." (Emphasis is included in the guide itself, not added)

To download the new guide, simply click click here.

If you are a home buyer or investor in the Chicago area - you can have the peace of mind in using my expert negotiation services.

I only work for buyers - never sellers (meaning - I am an "exclusive buyer agent"). (Typical "buyer agents" can't say that. They and their companies list property for sale.) As such - I am a specialist - not a generalist - and you can never get into the dual agency conflict of interest situations that you can get into - with a "buyer agent."

Feel free to call me to learn more or set up an appointment for a complimentary initial consultation -- 847-566-7558.

I'm a "Certified Negotiation Expert" (CNE Designation) - and Past Board member and Central Region Director of the National Association of Exclusive Buyer Agents.

You can count on me to be fully on your side - telling you about the negatives of any given property - not "selling you" on a property.

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As Exclusive Buyer Agents - we provide expert research and negotiation for home buyers and investors in the Chicago area. Unlike "buyer agents" - we are specialists, not generalists, and we are always 100% on the home buyer's side....

If you are thinking about buying / purchasing a home in the Chicago Illinois area, you should ensure that you have an agent that is on your side – looking out for your best interests.

Feel free to visit the Buyer Broker Chicagoland web site for more information.

Or call 847-566-7558 or Toll Free at 866-493-2842 or e-mail us to schedule a complimentary initial consultation – where we can determine if we can take you as a client.