We all know that when we want to sell our home through a Realtor, we sign a listing contract. Only recently has it been more recently acknowledged that the buyer should also have buyers contract. Realtors have traditionally dedicated their loyalty to the seller due to a sense of duty since they are the ones who are paying their fees. Well that is not totally true either since it is the buyer’s money that pays the seller who then pays the Realtor. Since then it takes the buyers money to make the sale, is seems only right that they have the same rights equivalent to the sellers.
Here are some benefits to having a buyer’s exclusive buyer agency agreement:
- When you work with a Realtor to purchase a home, you too want commitment and loyalty to their time and professional knowledge of the area you are interested in buying in.
- You expect to receive new listings as they show up in your area with details like the title documents, strata documents.
- Your Realtor should bring you sold comparables, other homes that have sold in the region so you can do a responsible comparison when deciding on your offer price.
- They have the ability to negotiate a private sale on your behalf that may contain specific requests.
The bottom line here is that you the buyer can get some protection when your time and interest for purchase are priorities to your life needs, and also indicates to the Realtor that you are serious about moving forward with a purchase. Having your bargaining position protected by dealing with only one Realtor will give you his/her undivided attention in meeting your purchasing needs. This also make a statement to you that the Realtor you have chosen has put in writing that they will be loyal and focused on finding you a home that meets your personal requirements.
With homes now ranging in the mid $200,000 to $400,000 dollar range in the North Okanagan areas, within B.C. Canada, this technique will be a great asset to anyone beginning the home shopping process. Please contact me and I will walk you through the benefits of Loyalty Realtor Attention.
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