Exclusive Buyers Agency
There are good reasons why you, as a buyer, should be represented under our “Buyer Agency Contract”. The process of buying real estate is relatively complex and for this reason many home buyers seek the help and professional expertise of a licensed real estate agent. A buyer who understands their options will typically want to select their real estate representative EARLY in the transaction in order to avoid potential conflicts of interest should they be making many calls to various Realtors. Contracting an Exclusive Buyers Agent they can save you time and money by researching properties based on your criteria. That agent can help you secure the best mortgage rates, counsel you on the offer amount and terms most favorable to you, and negotiate on your behalf.
Many buyers are reluctant to use Exclusive Buyer’s Agency. They feel they can find, negotiate, and buy a home for less by themselves. Generally speaking that’s not true. The fair market value includes the commission and every seller will not sell for less than fair market value. Nine times out ten, the commission is paid for out of the transaction. However, if the commission is less than has been contracted for or if no commission is being offered there are negotiating strategies that can be employed, under these circumstances. In this situation you can be offered a couple of choices: the commission can be negotiated into the contract or you could pay the difference, as stipulated in the Exclusive Buyers Agency Contract. However, with a knowledgeable Buyer Agent, who has the ability to negotiate on your behalf to obtain the lowest price, you will have the best chance of purchasing a property and investment to meet your needs at a price acceptable to you.
At Coast Realty Group, under Exclusive Buyers Agency, we work with a limited number of clients at any given time. Our representatives make a significant commitment to each of them to find the right property for them. All we ask in return is that you make a commitment to us. While acting as your “exclusive” agent we can provide you with details on what’s currently for sale, along with what’s sold and for what price. This information, along with all related details and facts we supply, allows you to make an informed decision when buying. We deal with many listed properties, however; we also sell many unlisted properties to buyers who are under Exclusive Buyer’s Agency with us and others. However, if you want to find out more about the way we work in this capacity, we offer the opportunity to spend some time together to ensure that this dynamic working relationship is going to be in your best interest. In this way all parties involved can get a good idea of what you’re looking for, you get a better feel for the market, and we both can determine whether there’s a basis for an ongoing relationship.
Once you are ready to sign an Exclusive Buyers Agency and choose to have a Coast Realty Group REALTOR® represent you, we will enter into a written contract that clearly establishes both parties’ obligations.