Every Buyer Needs His/Her Own Representation To Be Treated Fairly!!!

Reblogger Fernando Herboso - Broker for Maxus Realty Group
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO
Do you need representation when buying a new home?

Please understand. .
Your agent is giving you INDEPENDENT advice that could save thousands of dollars when purchasing your new home

In general, your agent can  help you. .
Deciding how to proceed when you begin your search. 
What to know before buying a new home?
Could you have additional options for financing?
Do builders negotiate on your behalf. .or their own

A new home buyer ready to buy . .
walking to a builder's office unrepresented. .
is like
An open wallet that just stepped in. .

Original content by Barbara Todaro 104763

This morning I read a post written by Mona Gersky titled “Buyer Agency Explained-Working with Real Estate Agents in NC” and I thought I’d share my thoughts on this topic.  Mona mentioned and I quote All agents (Seller's Agents & Subagents included) owe Buyers honesty, fairness and material facts about properties.”

We are listing agents, and much of our focus is on new construction.  We often have visitors to our open house events who do not have and do not want to use a buyers’ agent.  Those are the buyers who will be paying full list price and top dollar for all extras and upgrades. 

It’s the listing agent’s job to “sell extras.”  It’s the listing agent’s responsibility to make as much money for the builder as possible.  It’s the listing agent’s duty to make sure that builder has received top dollar for each and every extra. 

There is “NO FAIRNESS” to the buyer if the buyer is working without proper representation.  There is “NO FAIRNESS” if the buyer does not want to include a buyers’ agent in the equation.  There is “NO FAIRNESS” to the buyer by a listing agent.  The listing agent’s loyalty is to the seller and only the seller. 

Any buyer who thinks the listing agent will be fair is mistaken, if the listing agent is doing his/her job properly.  The listing agent’s job is to make sure the seller/builder has received the most money in the shortest period of time.  Period!!  This is not a gray area.  All buyers need their own representation. 


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Maryland Montgomery County Clarksburg
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Tags:
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Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Fernando.... thank you for the reblog.... I hope your buyers understand that they will be spending much more than they wanted or expected to spend if they are not in you care....you will give them guidance....the guidance they will NOT receive from the listing agent.... I hope they understand.

Jul 23, 2013 11:30 PM #1
Rainmaker
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Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

This is such great advise!  I have had this exact conversation many times with would be buyers.

Jul 23, 2013 11:46 PM #2
Rainmaker
350,582
ReadySetLoan Condo Approval Team
ReadySetLoan Condo Team LLC - South Windsor, CT
The FHA/VA Condo Project Approval Specialists

Buyer agency is so important on so many levels.  Thank you for posting this very valuable content.

Jul 23, 2013 11:57 PM #3
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Jon Sigler
Keller Williams - Greater Hartford - South Windsor, CT
South Windsor Homes for Sale 860-306-8029

Buyers and sellers look at agents as "costs" in a transaction far to often.  They don't understand the value the agent brings to them.  Reading a few blog posts and talking to the armchair quarterbacks at work does not make you an expert.

Jul 24, 2013 12:41 AM #4
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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