Posts Tagged ‘Buyer’
Brighton Michigan Real Estate Buyer Agent Receives Wolverine Savings Award
February 12, 2011 | 
Author “The Wolverine Award was created to recognize buyer agency work that greatly exceeds the norm in terms of tenacity and focus. Many real estate agents would have told the buyer to give up on this transaction. What Laura did was explain to the buyer the risks and the effort involved at each milestone and then let the buyer decide. The buyer really liked the home and each time decided to move forward.” said Jon Boyd, Broker for the company. “Laura did an outstanding job and we want to recognize it.”
The transaction reportedly was a short sale and included a home owner who left a large quantity of junk in the home, a listing agent who couldn’t keep his transactions straight, a home that had a major foundation problem, a listing brokerage who routinely misrepresented the terms of the purchase contract, and a selling lender who often seemed misinformed. Any one of these issues could have derailed a normal purchase process.
The Home Buyer’s Agent real estate company serves Brighton Michigan and the surrounding areas including, Howell, Hartland, South Lyon, Novi, and Farmington Hills. They help a broad variety of real estate purchasers from first time condominium owners to luxury home buyers, and they measure their success in dollars saved, not dollars sold.
“In situations like this real estate buyers often end up stressed and frustrated. What Laura did permit the buyer to stay focused, rational and relaxed throughout the process?” Concluded Boyd. The term “exclusive buyer agency” is defined by the National Association of Exclusive Buyer Agents as: A company who only represents home buyers. The company never represents sellers and the company never lists property. The Home Buyer’s Agent of Ann Arbor is Southeastern Michigan’s largest buyer’s real estate company and the oldest Exclusive Buyer’s Agency in the state of Michigan.
How Can I Know If I Real Estate Buyers Agent Is 100% Dedicated To The Buyer
In the last 5 years the real estate market hasn’t been a positive topic of conversation. To be quite truthful, it is tough to know how to go about buying or selling any property. Unfortunately, the market has been negative for buyers and extremely negative for sellers. In all this cheap mess, where do the real estate agents fit and what’s there current reputation? In the following piece, consumers will learn the benefits and disadvantages associated with real estate, especially people who focus in the home buyers arena ; real estate buyers agents.
Real estate Buyers Agents are brokers who work totally with buyers and don’t take other lists. They dedicate their time assisting buyers to find the ideal property at the lowest price. Standard changes inside the real estate market have left even the real estate agents puzzled about whether or not their need should be to the buyer or the vendor. Hence, the specialized position of the real estate Buyers Agent took on greater signification. The base line is that a home buyer doesn’t truly have an advocate unless both parties agree a contract saying so.
If there is doubt in the value of a genuine Estate Buyers Agent, vs. a traditional agent who reports to the vendor, fresh studies prove that buyer’s agents are favorable. Recently, 232 U.S. Sprint employees who found themselves in the position of having to switch discussed the pros and cons of hiring a real estate buyers Agent. Folk who chose a traditional agent paid 96 p.c. Thousands of dollars can be saved by taking the wise route of using a buyer’s agent. Many clients who are busy with everyday life, plenty of whom are working two roles, have found a genuine Estate consumers Agent to be a real lifesaver.
A PRIMER ON EXCLUSIVE BUYER AGENCY
A PRIMER ON EXCLUSIVE BUYER AGENCY
A PRIMER ON EXCLUSIVE BUYER AGENCY
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Home Page > Business > Home Business > A PRIMER ON EXCLUSIVE BUYER AGENCY
A PRIMER ON EXCLUSIVE BUYER AGENCY
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What the heck is an Exclusive Buyer Agent?
Wikipedia says:
“An exclusive buyer agent (or EBA) is a U.S. real estate firm (or an agent or broker who works in such a company) that represents only buyers of real estate. EBA firms never take listings and, therefore, never represent the seller in a real estate transaction. Exclusive buyer agent firms have chosen this business model in order eliminate the conflict of interest that exists when one firm attempts to represent both buyer and seller in the same transaction.”
Does using an exclusive buyer agent matter to me, the buyer?
Honestly, it may or may not. Studies have shown that people working with buyers’ agents see more homes, pay less and buy more quickly than those who do not have this representation. This does not mean the agent had to be an exclusive buyer agent, just one who discloses that he or she is acting as the buyer’s and not the seller’s representative for this transaction. It probably makes it more likely that you will get a good result if you use someone who exclusively represents buyers, but to be absolutely honest about it, there is no guarantee—depends entirely on the agent.
But think about it. If all a company does is represent buyers, won’t that slant their entire process to favor them? Won’t they look for the best houses, the most thorough inspectors, the best lenders with the lowest rates? Won’t their passion for the buyer’s side translate into a better home at a better set of terms?
What do buyers think about exclusive buyers agency?
The whole agency concept is way too complicated for most buyers. Who wants to be bothered trying to figure out how this crazy industry works? Most buyers just want to get into that house they saw on that great street. Sometimes buyers think they have to use a popular company or they won’t see everything. That is not the case—almost every property is available on the local Multiple Listing Service (and by extension, many public websites as well) to be shown by any agent. That is the best way for sellers to get the most exposure and that is the way it is set up.
How is Exclusive Buyers Agency different?
Many companies in this area practice representing both sides of the transaction. This is called “dual agency”. Even though dual agency is permitted in many states, it is widely misunderstood. According to Realtor News, in a national survey conducted by the National Association of Realtors, most agents reported that they did not even understand their obligations under those circumstances and they thought it created “confusion among all the parties”. The magazine further reported that the practice is a constant source of disputes and legal problems.
A typical situation would be to call the phone number on the sign in the yard. You speak with someone at the company and ask the price. They then ask you if you want to go see it. Of course you do! Do they tell you that you can come with your own agent? Of course they don’t. The company gets twice the commission in most cases if you go with their agent. But the seller pays exactly the same amount of commission regardless of whether you bring your own agent in almost all cases.
Buyers deserve true conflict-free representation. If you buy a home and use the seller’s agent or EVEN IF you are referred to another agent in that same office (both agents with the same company), you are at risk that you are not receiving the best representation.
What do the experts say about exclusive buyers’ agency?
One financial writer at bankrate.com, says:
“Any licensed real estate agent in the United States can legally act as a “buyer’s agent,” although not all have experience doing so. You can also engage what’s called an “exclusive buyer’s agent.” This is the purest form of buyer representation, but unfortunately, few firms are able to make a go of representing only buyers, since listings are the lifeblood of real estate, and listings are what make the phone ring.”
And the National Association of Exclusive Buyers Agents suggests:
“As your advocate, an EBA works solely on your side of the transaction. You can put your trust in an EBA. An EBA will advise you on deal-breakers as well as positives. In most states, this is something a non-EBA Realtor isn’t required to do. Only when you have complete disclosure, the kind you get from an EBA, will you be satisfied that your deal is the right deal for you.”
Or listen to Money Magazine:
“The best buyer brokers are so-called exclusive agents – that is, they represent only buyers, never sellers…”
Consider what other financial writers have suggested:
“Only an exclusive buyer agent can give the buyer an objective, experienced opinion of the homes viewed to ensure the buyer gets the right home, in the right location, at the right price.”
Mobility
“Exclusive Buyer’s Agents only work for consumers and often can save them money – and they don’t cost more to hire”
Los Angeles Times
“Your goal should be to engage an agent who will represent your interests. Not just a buyer broker, but an exclusive buyer broker. Make sure that is what you are getting.”
Joseph Eamon Cummins, Author, NOT ONE DOLLAR MORE!
How do other agents feel about exclusive buyer agency?
Actually, that is a good question. You might be surprised to learn that most are vehemently against it. Why? It threatens a very lucrative practice that is misunderstood and they want it to stay that way. An honest, successful agent in the Mid-Atlantic region is one of the few to speak out, saying:
“Here’s what I think about that GRAND OXYMORON OF REAL ESTATE, a dual agent: What I have observed over the many years is that dual agency permits the seller to get their price, terms, conditions through representation under the dual agency disclosure. The buyer gets. . . . the house.”
What do we think about it?
Dual agency is a no-win situation. It is impossible to decide how to be “fair” to two parties on opposite sides of a deal.
Exclusive agency, by contrast, is a win-win. We never represent both sides because it cannot be done. Home buyers need an advocate for them, instead of the way the industry has it set up, which is to get the deal done regardless. Here is the real test—we are willing to forego the income from listings to do this—that is how strongly we feel about it. We “put our money where our mouth is” for YOU, the buyer.
For more information about exclusive buyers agency please visit us at www.findahomeinpa.com; call us at 610-687-4000, or email us at lindawalters@findahomeinpa.com.
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HUD Institutes All New Regulations To Guard Home Purchasers And Tenants First Time Home Buyer Programs
HUD Institutes All New Regulations To Guard Home Purchasers And Tenants First Time Home Buyer Programs
HUD Institutes All New Regulations To Guard Home Purchasers And Tenants First Time Home Buyer Programs
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Home Page > Business > HUD Institutes All New Regulations To Guard Home Purchasers And Tenants First Time Home Buyer Programs
HUD Institutes All New Regulations To Guard Home Purchasers And Tenants First Time Home Buyer Programs
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From this time forward, the United States. Division of Real estate and City Improvement will need all those looking for grants from HUD to abide by all nearby as nicely as express anti-discrimination regulations which safeguard lesbian, homosexual, bi-lovemaking, and trans-gender (L.G.B.T.) people. HUD has released a new edict describing the general specs intended to impact every of the Agency”s competitively granted award programs.
“We’re utilizing every avenue to shut the door in opposition to discrimination,” explained HUD Secretary Shaun Donovan. “Today, we take an essential step to insist that people who seek federal funding must show that they are meeting nearby and state civil rights laws that prohibit discrimination based mostly on sexual orientation or gender identification.”
Usually, H.U.D. calls for nearly all candidates applying for competitive grants to conform to all related authorities fair real estate as properly as civil rights laws. This new requirement indicates that from now on the Office is heading to in addition express that candidates as effectively as their subcontractors require to conform to neighborhood and condition pointers prohibiting accommodation discrimination simply because of sexual preference or gender identification. It”s thought there are really roughly twenty condition governments in inclusion to the District of Columbia that have enacted laws barring discrimination influenced by lovemaking orientation. In addition, twelve says and the District of Columbia do not let discrimination primarily based on gender identification.
The Division of Property and City Advancement Common Section won”t give consideration to an applicant’s software need to they not fulfill minimal benchmarks that will now contain having the ability to illustrate that they have not been concerned in a endemic breach of express or nearby regulation prohibiting discrimination in accommodations simply because of sexual orientation or gender identification.
In October of 2009, the Secretary of the Section of Real estate and Urban Improvement launched a set of procedures to make certain the agency’s main real estate packages would be available to all U.S. residents, irrespective of sexual desire or gender identification. Apart from the new directive, the Section of Real estate and City Growth will suggest new principles which will make clear that the expression “family” as employed to distinguish appropriate beneficiaries linked with HUD’s companies integrate normally certified L.G.B.T. folks as nicely as companions. HUD”s intention through the recommendation of various guidelines is to simplify loved ones standing to make specific their main lodging companies are accessible to all households, no matter their sexual preference or gender identification.
The Federal Housing Administration (FHA) will in add-on advise their financing partners that FHA-insured residence mortgages need to be determined by the credit-worthiness of customers and by no means upon unrelated variables or attributes which include sexual choice or gender identification. In supplement, the Division of Real estate and Urban Growth has embarked upon an unprecedented nationwide evaluation into discrimination towards folks from the L.G.B.T. local community in the leasing and acquiring of real estate. HUD takes place to be soliciting on-line neighborhood opinion from anybody with an awareness approximately the way it could quite possibly structure this kind of an innovative investigation.
Furthermore, the Division of Housing and City Growth will supply enhanced buyer solutions to citizens that file truthful house grievances to the HUD”s consciousness primarily based on L.G.B.T. standing. Specifically, in locales exactly where nearby or express laws at present forbid L.G.B.T.-connected property discrimination, client targeted personnel in the Department”s Workplace of Truthful Housing & Equal Opportunity will assure that these varieties of grievances are sent straight to the correct local or condition anti-discrimination offices. Section personnel will also understand to recognize any specific accusations that HUD possesses present authority by means of the Truthful Real estate Act, like HIV/AIDS-associated discrimination, that could be regarded as good reasons for administrative measures according to the regulation”s current rights, for instance guidelines forbidding discrimination versus persons with disabilities.
To find more info on grants from the Section of Property and City Improvement and other Federal government Grants pay a visit to the Top Government Grants Website.
Of distinct curiosity may possibly be an exceptional resource on first time home buyer programs from HUD and says around the nation.
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Should I Sell my Home to a Professional Home Buyer? -We Buy Houses Fast in Charleston South Carolina
Should I Sell my Home to a Professional Home Buyer? -We Buy Houses Fast in Charleston South Carolina
Should I Sell my Home to a Professional Home Buyer? -We Buy Houses Fast in Charleston South Carolina
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Home Page > Finance > Real Estate > Should I Sell my Home to a Professional Home Buyer? -We Buy Houses Fast in Charleston South Carolina
Should I Sell my Home to a Professional Home Buyer? -We Buy Houses Fast in Charleston South Carolina
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Posted: Mar 31, 2009 |Comments: 1
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Due to the current down market, more and more people are looking for alternate, non-traditional ways to sell their home. The days of sticking a FSBO (For Sale By Owner) sign in the yard or simply listing it with the realtor that your friend at work used, just isn’t having much effect these days. Depending on your selling situation, selling your home to a professional home buyer can be the right selling decision. As with other home selling options, selling your home to a real estate investor has benefits.
Working with an experienced investor can really simplify and expedite the process. Some of the great benefits of selling your house to a professional property buyer are: you are able to sell your house fast, “as is” on the date or your choice, you do not have to pay large real estate commissions to a Realtor, you do not have to spend your time, energy and money updating and making repairs and you only have to have one showing. There are many other benefits that an honest, experienced and well trained Charleston real estate investor can provide, such as knowing exactly how to handle problem properties or situations where Low Country folks are taking the brunt of the current economy on the chin and are facing many of the more and more common financial problems like foreclosure that need short sales in order to sell their over leveraged home and avoid foreclosure.
I would recommend selling your house to a local real estate investor if you are in any of the following selling situations:
I am behind on monthly mortgage payments I need to sell my home fast I am moving out of state or out of my local area and can’t afford two mortgage payments I have been transferred by my job I am going through a Divorce and need to sell my house My home is 100% financed and I do not have enough equity to list my home with a Realtor I need to Stop Foreclosure and avoid ruining my credit I am currently in Bankruptcy Someone in our family has health problems and can not work, therefore we can not pay our bills I am tired of being a Landlord and do not want to deal with tenants anymore My home needs lots of repairs and I do not have the time or money to fix it up My home is in pre-forclosure I want to cash out of my investment property My home has been on the market with a realtor for many months and my listing agreement is now expired, I want to sell my house fast, now We recently inherited a property and want to sell it quickly and want someone familiar with an estate sale and the probate process I own my house free and clear and am willing to wait for the market to turn around but would consider taking payments for my equity if I can get my asking price now
As you can see there are many reasons why you should consider selling your home to a local home buyer, and these are not all of them. Simply put, listing your home with a Realtor or trying to sell your home FSBO cost you money and time, it also does not get you offers within just a few hours/days. If you do not have time, do not have money, or simply do not want to deal with the hassles of selling your home, then sell it to a real estate investor. You may be happily surprised by the offer you get.
Before calling some random number on the side of the road off one of those “We Buy Houses” signs, it is important to make sure you know who you are dealing with. Unfortunately, there are a few unethical investors, like in any business, and currently the real estate market is a prime target. Thanks to the Internet it is relatively easy to locate information about a legItimate business. South Carolina business owners are required to register with the South Carolina Secretary of State and you can see if they the business you are calling has bypassed even that basic requirement. The Attorney General’s office handles consumer complaints, as does the Better Business Bureau. Realtors and brokers are licensed through the Real Estate Commission. These agencies can help to ensure you are working with a licensed, legitimate, complaint-free business or real estate investor.
Charleston Home Buyers, LLC is an Accredited Member of the Better Business Bureau, a registered LLC with the South Carolina Secretary of State, and an active member of the Charleston Real Estate Investors Association. “We pride ourselves on our integrity and conduct business under strict ethical principles. We say what we mean and do what we say!” Many references and testimonials are available upon request and some of which are posted on our website. We buy houses in Charleston, Dorchester and Berkeley County and work with a group of nationwide investors. We currently are looking to buy more real estate in Summerville, Goose Creek, North Charleston, Ladson, Hanahan, West Ashley, James Island, Johns Island, Mt. Pleasant, Downtown and all other area in the tri-county area.
If you need to sell your house quick, submit your property information via the “Sell My House” form at our website today for a Free, Confidential, No-obligation offer or call our toll free 24 hour recorded message at 888-52-BUYER (888-522-8937) for more information about selling your home to a professional house buyer. You can also always call us direct 843-72-BUYER (843-722-8937), however it is usually better to take 5 minutes to fill out our property information form first so that we can save you time by having the information already and do some research so that we can get an offer to you right away.
Here’s what some of our sellers have had to say:
“I had been trying unsuccessfully to sell my house for 9 months with a realtor…tired of having the house perfect… we closed the following week” Frank P. – North Charleston
“In less than a week’s time, all of my headaches were over… I would recommend anyone who needs to sell their house to this group of caring people…” Rev L. Greene – Summerville
“My experience with Charleston Home Buyers began and ended with extreme kindness, genuine concern, and sympathetic professionalism…” Brenda M. – West Ashley
“Selling a house can be quite difficult and stressful unless you can find someone like Charleston Home Buyers …… They saved me from losing my house to foreclosure and I was able to make some money and not lose everything.” B. Harvey – West Ashley
“….selling our home to Charleston Home Buyers was the best decision we made. They handled our affairs with the utmost care and efficiency…..” The Daniels Family” – Charleston
Copyright © 2009 Charleston Home Buyers, LLC. All rights reserved.
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Charleston Home Buyers, LLC, SC’s Premier Professional Homebuyers, are an Accredited Member of the BBB. If you need to sell your house fast for a fair price without any hassles, we have solutions for you. We buy houses all over Charleston, Dorchester & Berkeley County. “Whether your house is in foreclosure, needs repairs, bankruptcy, divorce, behind on payments, or you inherited a house, we can help!
Tell us about your house by filling out our Sell My House Fast form or call us directly for a FREE 10 minute no-obligation, completely confidential consultation. Charleston Home Buyers, LLC – Fast, Friendly, Honest and Fair – Call Right Now! 843-72-BUYER (843-722-8937), 24 Hour Info: 888-52-BUYER; FREE REPORT on “How to Sell Your House Fast!”
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1. gavinstevens 28/07/2010
Yes….Some of the great benefits of selling your house to a professional property buyer. If you are seriously considering selling your property anywhere in the UK quickly and efficiently,then you have come to the right place.
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Charleston Home Buyers, LLC, SC’s Premier Professional Homebuyers, are an Accredited Member of the BBB. If you need to sell your house fast for a fair price without any hassles, we have solutions for you. We buy houses all over Charleston, Dorchester & Berkeley County. “Whether your house is in foreclosure, needs repairs, bankruptcy, divorce, behind on payments, or you inherited a house, we can help!
Tell us about your house by filling out our Sell My House Fast form or call us directly for a FREE 10 minute no-obligation, completely confidential consultation. Charleston Home Buyers, LLC – Fast, Friendly, Honest and Fair – Call Right Now! 843-72-BUYER (843-722-8937), 24 Hour Info: 888-52-BUYER; FREE REPORT on “How to Sell Your House Fast!”
Posted in Business | Tags: Buyer, Carolina, Charleston, Fast, Home, Houses, Professional, sell, Should, South | No Comments »