What should a buyer look for before choosing an agent to represent them?
What should a buyer look for before choosing an agent to represent them?
1. Ability to help a buyer evaluate homes
2. Skill in negotiation
3. Undivided Loyalty
4. Proof of savings and past client satisfaction.
An Exclusive Buyer Agent covers the negative aspects of a home as well as the positive - in a consultative role - versus a "sales" role. We give them the pros and cons of a property rather than trying to sell them one. I might show my buyer a number of homes in a given day - and it might be that I would not recommend any one of them (or unless the price came down to an acceptable level - as price fixes everything at some point.)
A couple of people who were referred to us - said that a past client (or past clients) - told them that we had told them when "not to buy a property" and that is what they were looking for.
An Exclusive Buyer Agent buyer agent is focused on:
1. Finding the best home for the buyer
2. Helping the buyer buy it at the best possible value (frequently aligning their compensation with the buyer's interests vs. adverse to their interests as is typical - ie - an agent representing the buyer getting paid more when the buyer's price goes up.)
3. Helping the buyer save money on a loan (shopping lenders) - vs. referring them to an "in-house" lender.
An Exclusive Buyer Agent's role is to consult and counsel and protect a buyer.
They typically have:
1. A higher level of experience serving buyers and better negotiation skills.
2. They also have unwavering/undivided loyalty to buyers - never having any "dual agency" conflicts of interest.
Questions to Ask Any Agent Before You Hire Them
Labels: agent, ask, exclusive buyer agent, hire, questions, real estate, representation


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