Kiplingers Personal Finance - Use an Exclusive Buyer Agent

A recently Kiplingers article talks about the benefits of consumers using an Exclusive Buyer Agent.

Another Kiplingers article interviews five Exclusive Buyer Agents from around the country - on what the "buyers market" looks like in their area.

And the Kiplinger link to negotiating a good purcahse contract with a home builder.

We don't ever have our buyer clients accept builder financing for goodies. They get the goodies - and we help our clients shop for the best loan - which may or may not be the lender that the builder is tied to (usually not.)

Unlike other agents - we know how to analyze a Good Faith Estimate for our buyer clients - and we take the time to shop for the best loan for our client. On average - we save our clients $30,000 or more over the life of the loan.

Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent

Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent in this March, 2007 article. (They have written many along the same lines in previous years..) Consumer Reports, Money Magazine, CNN Money, the Wall Street Journal, Medical Economics Magazine, the Consumer Federation of America, and many others have all done the same..

An Exclusive Buyer Agent is an agent that never lists company for sale - nor does their company. They never represent sellers - ever. On the other hand a "buyer's agent" works for a company that lists property for sale - and they themselves usually list property for sale. Whether they are practicing designated agency or dual agency - those are not good things for the buyer...

I like the fact that the article points out that "Agents are paid a cut of the selling price, so the higher the price, the better for them -- but not for their clients." As Exclusive Buyer Agents - we ensure that "the higher the price - the worse for us" - which puts us in alignment with out buyer client's interests.

The definition of insanity is hiring someone with financial interests that are in opposition with yours. When you purchase a used car - the used car saleman's interests are just that.

Like a dog - we "work hard for our scraps" - and we believe that everyone does in this world... So when consumers hire a so-called buyer agent that makes more when their price goes up - they are really doing themselves a dis-service....

When I bought a home when coming in for a position at Motorola in the 90's - the "company referred agent" (read relo company) I had - kept trying to work me over to come up in price - and it really teed me off. She was acting like she was representing the seller and not me. She also referred an awful home inspector - who glossed over many things that should have been found. Many agents refer inspectors that "won't blow the deal" which is really a disservice to the buyer.

I realized then that home buyers needed much better protection than what they were getting - which is why I started this company.... to provide the best possible protection and representation to home buyers... I feel great about what I do for a living - becuase it has the most integrity to buyers in the Real Estate industry....

Press About Exclusive Buyer Agents ./ National Association of Exclusive Buyer Agents

Once again some very reputable publications (in the past, Consumer Reports, the Wall Street Journal, Money, Smart Money, CNN Money etc.) are recommending that consumers use an Exclusive Buyer Agent when they purchase property.

Here is a new article from Kiplingers

Past NAEBA President Leo Berard was interviewed in an article just published in the Novato Advance.

The Nest

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