SHOULD YOU SIGN AN EXCLUSIVE BUYER’S AGREEMENT? – –

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Real Estate Agent with (909) 476-9600 ~ WeLoveSellingRealEstate.com BRE# 01169000

SIGNING THE EXCLUSIVE BUYER’S AGREEMENT

 

Buying any home, especially your first home,  is a fairly complicated and stressful undertaking.  But if you’re armed with the proper knowledge, an experienced Realtor and you have a solid plan, it can be a whole lot easier. It all starts with understanding the home buying process and knowing what can happen to the typical unprepared homebuyer.

Let's start with a Buyer apprehension that tops most HomeBuyer's list . . . SHOULD I SIGN AN EXCLUSIVE BUYER’S AGREEMENT? 

SHOULD YOU SIGN AN EXCLUSIVE BUYER’S AGREEMENTJust as Listing Agents sign formal listing agreements with sellers, Buyer’s Agents expect formal agreements, too. Like Listing Agreements, Buyer’s Broker Agreements are typically bilateral, which spell out the rights and duties of both parties, the Buyer and the Agent. Because bilateral contracts are essentially a promise for a promise, if the Buyer’s Agents doesn’t perform, Buyer’s have the right to fire the agent.

SHOULD YOU SIGN AN EXCLUSIVE BUYER’S AGREEMENT?  – – – – – 

Little turns off buyers faster than an Agent from the Internet who e-mail a Buyer’s Broker Agreement before meeting in person. It’s common for Agents to expect a Buyer to sign a Buyer’s Broker Agreement, but we know that Buyers need to feel comfortable with an Agent before signing and agreeing to work with them exclusively.

 

Should you sign an Exclusive Buyers AgreementThe TCR Group knows that Buyers are leery when signing these agreements because they are concerned that the relationship might not work out, and that’s understandable.  That is why we strongly believe in the Buyer Consultation.  We like to sit down over a cup of coffee and allow you to interview us to ease your uncertainty and we also interview our Buyers to analyze their needs, discuss expectations and educate them to the buying process.  Once we establish a working relationship, we sign a Buyer Commitment to you detailing what we will do to help you meet your real estate goals and we ask that you give us a 60-Day commitment at minimum to allow us the opportunity to perform. We take every precaution to relieve your anxiety prior to having you sign the Buyer – Broker Agreement.

 

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Topic:
Home Buying
Location:
California San Bernardino County Rancho Cucamonga
Groups:
Advice for Buyers
Tags:
buyer
buyer agent
exclusive buyers agreement
real estate
homebuyer

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Rainer
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Ted Glover
Alderman Classic Realty, LLC - Moultrie, GA
ABR in Moultrie, Georgia 229-854-5422

Hi Mykel, I have found it to be a good topic to discuss with a potential buyer. I give them the information about the agreement. And let them know that they can fire me as I can them as well. It must be a mutual agreement. Both sides win. 

Oct 01, 2014 01:47 PM #1
Rainmaker
570,359
Mykel Martin
(909) 476-9600 ~ WeLoveSellingRealEstate.com - Rancho Cucamonga, CA
Realty Masters & Associates

Thanks for stopping by Ted.  I agree, once I meet a Buyer and they realize that it is mutual, they do relax and feel comfortable signing.

Oct 01, 2014 01:50 PM #2
Ambassador
1,148,188
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Mykel. The Buyer's Consultation is always a good idea to break the ice about signing those Buyer's Agreements. People are comfortable doing business with folks they know. I have only presented them face to face, so I can explain my services, and How I can meet their expectations.

Oct 01, 2014 01:59 PM #3
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Rainmaker
570,359

Mykel Martin

Realty Masters & Associates
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