15 Advantages of Buyer Clients VS 2 Advantages of Buyer Customers

By
Real Estate Agent with RE/MAX Realty Group Pittsford, NY
https://activerain.com/droplet/KqF

Home Buyers and sellers in Rochester NY and surrounding areas may be wondering whether they want to be a buyer client or a buyer customer when buying a home. 

15 Advantages of Buyer Clients VS 2 Advantages of Buyer Customers. 

But first some definitions. 

2 Important Real Estate definitions for buyers looking to purchase a home in the Rochester, NY area

When you intially talk to an agent on the phone or meet them at a home or open house to look at you are a:

a.  BUYER CUSTOMER: A person, individuals, corporation or group who want to buy but who have NOT signed a

Buyer Agency Agreement- Exclusive Right to Represent

Everyone starts out as a customer. All agents at this point must represent the best interest of the seller.

 

Honest Abe Lincoln2 Advantages of a Buyer Customer- You are not represented by an agent- The agent must:

1.  Be Fairness

2.  Be honest

 

If you go to meet the agent and sign a Buyer Agency Agreement- Exclusive Right to Represent you are a:

b.  BUYER CLIENT: A person, individuals, corporation or group who want to buy and have SIGNED a Buyer Agency Agreement-

     Exclusive Right to Represent with a real estate brokerage.  The agent assigned ONLY represents the buyer.

So what the 15 Advantages of Buyer Clients better than the 2 Advantages of Buyer Customers?

15 Advantages  of a Buyer Client- The agent will/can or is Required to:

15.  Recommend lower offers

14.  Give my opinion

13.  Skillfully negotiate for the best and lowest price

12.  Do a personalized home search

11.  Preview homes for you in advance

Problem with home10.  Point out structural issues & problems with properties shown

  9.  Seek out For Sale By Owner (FSBO) homes and represent you during the

       transaction

  8.  Provide a Comparative Market Analysis (CMA) with true market data

  7.  Educate, advise & negotiate new builds and contract rights for you

  6.  Dedicate my time soley to your interests and requests

  5.  Owe you Fiduciary Duties: Obedience, Loyalty, Disclosure, Confidentiality,

       Accountability, Reasonable Care

  4.  Disclose seller information found out during my interactions with agent

  Confidential stamp3.  Required by law to keep your information confidential FOREVER, even if we meet again in a

       separate transaction.

  2.  You are actually bringing the money to the table at closing to pay the buyer agent commission

       agreed to by the seller anyways

  1.  The CUSTOMER is NEVER represented and a CLIENT is ALWAYS represented & protected

       under the Buyer Agency Agreement- Exclusive Right to Represent

Remember, when you go to an open house or meet any agent at a home, they are required in the Rochester NY area to work in the best interest of the seller UNLESS you have signed a Buyer Agency Agreement- Exclusive Right to Represent. 

DONT BE A BUYER CUSTOMER....BE A BUYER CLIENT FOR LIFE.  DONT BELIEVE ME?   CALL AN AGENT AND SEE IF THEY DISAGREE.

Make sure you are making the 15 Advantages of Buyer Clients work for you VS the 2 Advantages of Buyer Customers!

IF you're a Buyer and you would like to benefit from Certified Buyer Representation (CBR) or want to discuss exclusive buyer agency in the Rochester, NY area give me a call and I will  gladly support you in your next real estate transaction.

Posted by

Helping Families Make the Right Move!

"OH BY THE WAY...I am never too busy for your Rochester NY Referrals!" 

 

 

BRAD NEWTON

Cell: 585-236-7780  Office: 585-500-4511  

Email: BradNewton@Remax.net

Website: NewtSells.com

 

  • Lic. Real Estate Salesperson
  • Certified Buyer Representative (CBR®)
  • Short Sale & Foreclosure Resource (SFR®)
  • Seniors Real Estate Specialist (SRES®)
  • REALTOR® 
  • Rochester NY's Peak Producing RE/MAX Custom agent serving upstate New York. Qualified and experienced in serving individuals, families, seniors & investors with buying, selling & relocating in Rochester, NY and surrounding counties.

 

If you have questions about buying, selling, renting or investing in the Rochester NY market call/text 585-236-7780 or email Brad at BradNewton@Remax.net.  

 

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Rainmaker
1,006,048
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Bradley:  I agree with most of what you have to say, except #15 on the list of Advantages of Buyer Clients.  Recommending a "lower offer?"  Wow.  So, what happens if you do that, and your buyer's offer loses out to a higher offer... and your buyer really, really wanted that home?  Sounds like you are playing with fire, here.

Oct 22, 2012 12:46 PM #1
Rainer
57,397
BRAD NEWTON-Pittsford NY- CBR®-SFR®-SRES®-Lic. R.E. Salesperson
RE/MAX Realty Group - Pittsford, NY
Helping Rochester Families Make the Right Move !

Karen, You can spin it both ways....when working with Buyer Customers in NYS, I am still working in the best interest of the seller which means I must ask for List Price and anything else is unacceptable.  When I am working with a Buyer Client I can recommend a lower price.  For example  my buyer client has put in an offer, and the offer is then countered.  I recently had clients who just wanted to accept that counter offer.  I advised/recommened for them to put in a lower offer than the counter and it was accepted. IF I had not made that recommendation they would have thrown in another $3000 to the seller.  That is value if you ask me.  So I respect your counter proposal but with that exception.  The later part of your quesion is answered before I even write the offer with my client.  I always call the listing agent and ask if any offers are on the table.  When there is, I also ask if the offer is from within/outside their brokerage, which in NYS they must answer.  If other offers are on the table obviously I am recommending my clients put in their best possible offer. (of course making sure my clients do not overpay for the home).  If this is a customer..."MUM" is the word.  I have to again ask for atleast List price.

 

Thank You for your comment!

Oct 22, 2012 10:45 PM #2
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Rainer
57,397

BRAD NEWTON-Pittsford NY- CBR®-SFR®-SRES®-Lic. R.E. Salesperson

Helping Rochester Families Make the Right Move !
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