Open houses and getting ready to Buy a Home

By
Real Estate Broker/Owner with Paul Howard, Broker, Paul Howard Realty 856-488-8444 8639604

It's a new year and you are thinking about buying a home while mortgage rates are still low.  You want to start by going to an open house.  

 

Be prepared before entering!

Some buyers are just starting their search and don't have an agent yet. They are at risk of getting trapped with an agent working for the seller. Don't get trapped.  

(Read up on 'Procuring Cause' at  http://www.procuringcause.com)

Have an agent before entering or you could be trapped into using the seller's agent.

 Forewarned is forearmed.

What to do: When you walk through the door to look at the house you should already have an agent (who doesn't work for the listing company) that you can name as your agent.

That may mean having more than one  agent since you may want to look at a home listed by one of their companies.


There is a way around having multiple agents. Use an agent with a company that exclusively represents buyers. No listings - no conflict.  Full representation.

 

 If you don't know of a company near you google "Exclusive Buyers Agent".

 

Don't assume all the agents that pop up are EBAs. First, look for an experienced agent that will listen to you and knows something about houses. Then, look for membership in the National Association of Exclusive Buyer Agents.

Go to http://www.naeba.org.  This is the same site that you will find if you go to Suze Orman's site to find a buyers agent.  Even HUD in their settlement cost booklet suggests (on page 6) that buyers use an exclusive buyers agent.

 

 

   Happy house hunting!  Be safe and be represented.  Don't get trapped.

 

30 second video 

 

 




 

Posted by

 

Paul Howard, Broker

NJHomeBuyer.com Realty

80 Barclay Center Suite 4A

Cherry Hill NJ 08034

856-488-8444

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Spam prevention
Show All Comments
Rainmaker
856,737
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you Paul

I like the presentation of the blog.  Have a great day.

Jan 24, 2015 04:48 AM #1
Rainmaker
86,612
Paul Howard
Paul Howard, Broker, Paul Howard Realty 856-488-8444 - Cherry Hill, NJ
Paul Howard Realty, 856-488-8444

Thank you.

Jan 24, 2015 05:48 AM #2
Rainmaker
2,082,011
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Paul, hope that you have a successful open house and tks for sharing.

Jan 24, 2015 06:49 AM #3
Rainmaker
86,612
Paul Howard
Paul Howard, Broker, Paul Howard Realty 856-488-8444 - Cherry Hill, NJ
Paul Howard Realty, 856-488-8444

Ronald,  I guess you didn't read the post.  I see how you got all the points.

Jan 24, 2015 06:54 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
86,612

Paul Howard

Paul Howard Realty, 856-488-8444
Ask me a question
*
*
*
*