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Why a Buyer's Agent is a must !
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For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing your new home. To protect your interests and assure that you make the best possible decisions, it's important that you have an agent on your side who is an expert in the local real estate market. |
As your agent, my focus is on getting you the best possible home at the best possible price. I will work hard not only in finding you potential new homes to see, but also in keeping you informed of everything that takes place. As your agent and a top expert in the local market, I'll negotiate the best prices and terms for you and answer all of your questions as they arise. I'll be representing you, not the seller. This assures that my experience and expertise in the local market will be used in your best interests during the negotiation process.
Before you can make an informed choice about the kind of real estate representative you are comfortable with, you need to understand the history of Buyer Agency in New York State, and what Buyer representation means for you in the purchase of a new home.
Buyer Agency is one of the most significant changes in the real estate industry in the last 25 years. Historically, all agents have been legally working for the seller. The listing agent or office is the one the seller hired personally to represent them. Other agents and offices worked as “sub-agents” of the listing office also working solely in the best interests of the seller. It truly was "buyer beware!"
Here are some excerpts from the New York State Disclosure Law regarding real estate agency relationships:
Buyer’s Agent section
“A buyer’s agent acts solely on behalf of the buyer.”
“A buyer’s agent has, without limitation, the following fiduciary duties to the buyer; reasonable care, undivided loyalty,
confidentiality, full disclosure, obedience and a duty to
account.”
Agent Representing Both Seller and Buyer section
“In such a dual agency situation, the agent will not be able to provide the full range of fiduciary duties to the buyer…”
“An agent acting as a dual agent must explain carefully to both buyer and seller that the agent is acting for the other party as well.”
“The agent should also explain the possible effects of dual representation, including that by consenting to the dual agency relationship, the buyer and seller are giving up their right to undivided loyalty.”
"A buyer or seller should carefully consider the possible consequences of a dual agency relationship before agreeing to such representation.”
Acknowledgement of Prospective Buyer section
“I understand that I may engage my own agent to be my buyer’s broker.”
Acknowledgement of Prospective Buyer and Seller to Dual Agency section
“I understand that I am giving up my right to the agent’s undivided loyalty”
Now, here’s my personal pledge to you:
I will be there for you every step of the way, whether the needs are transactional or emotional.
Transactional
Ø Provide a choice of the most highly regarded (free) loan pre-approval officers.*
Ø Locate the ideal home.
Ø Negotiate the best price.
Ø Provide a choice of attorneys whose primary practice is real estate
Ø Provide a choice of the most competitive home inspection engineers, with the
highest credentials
Ø Provide a choice of the most competitive real estate appraisers.*
Ø Provide a choice of the most competitive and trustworthy mortgage providers.*
Ø Provide a choice of the most competitive Title Insurance companies.*
Ø Provide a choice of the most competitive and trustworthy Home Insurance
companies.*
Ø Provide the best (free) one-stop move-in details service company.*
Ø Provide Home Depot gift certificate and GE Appliances discounts.*
* Weichert Gold Service… one stop shopping.
Emotional
Ø I will not take your business for granted.
Ø I will inform you of your options.
Ø I will give you my best-reasoned expert counsel and advice, with your best
interests in mind.
Ø I will clarify your goals and motivation, so that you can decide if moving is the
wisest choice at this time.
Ø I will provide recommendations and information to help your kids through all the
changes.
Ø I will protect your interests during the process, keeping a detailed record of the
transaction.
Ø I will be your level-headed sounding board.
Ø I will alert you ahead of time to every possibility, so you feel more in control.
Ø I will be available to you frequently during the last 10 days of the transaction, to
serve your needs.
Ø I will be by your side at the Closing.
Ø I will continue to give you information of value after the transaction…for life.
No other agent can do all this, except a top BUYER’S AGENT, from Weichert Realtors
Let me help you find your dream home and ensure that your best interests are protected throughout the entire process. Feel free to call or e-mail me with any questions you may have at any time. Fill out this form and I'll get back to you right away.
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