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FAQs

 

Isn't the agent who shows me homes representing me?

Probably not!

Westford Home Buyers Real Estate Agents

Westford MA successful savings on a real estate contract.

 

Unless you have an agency agreement with a promise of representation, the agent showing you homes will be acting on behalf of the seller. Sellers who "list" their home for sale have signed a listing contract with the real estate company, which obligates the real estate company, and all of its agents to represent the seller in the transaction. This same contract permits the listing agent to use "sub-agents" to help find a buyer. The sub-agent may even be from a different real estate company. The sub-agent's role - just like the listing agent's role - is to get the highest possible price and best terms for the seller.

 

Can real estate firms that list homes for sale represent home buyers?

With increasing demands for buyer representation, traditional listing companies are attempting to find a way to represent buyers. However, they are already obligated to represent the seller on all company listings. One of their obligations is to get the highest price and best terms for the seller. Therefore, the traditional real estate company simply cannot obtain the highest price for the seller - and still get the lowest cost for the buyer. Because Buyers are demanding representation, some real estate companies are offering "disclosed dual agency." BUYER BEWARE!! If you were being sued, would you hire the plaintiff's attorney to represent YOU??

 

I recall an agent that claimed to represent both the buyer and seller. Is that a "dual agent"?

Yes, beware of any agent who offers to be a "dual agent" or "double agent". Undisclosed dual agency is ILLEGAL!! Disclosed dual agency is legal if the agent explains in detail that he will represent BOTH the buyer and seller in the same transaction! Everyone knows you cannot serve two masters. The agent should also explain in detail the possible effects and potential conflicts of interest of dual agency. If you consent to dual agency you are giving up your right to undivided loyalty. A dual agent cannot negotiate for you...you are on your own!!

 

How much does it cost to have the services of Buyer One?

There is NO EXTRA COST!! As a buyer, you can choose a company to work FOR YOU, or you can choose a company to work AGAINST YOU...the fee will be the same. Our compensation comes from the proceeds of the transaction unless you choose otherwise.At Buyer One, the Buyer's Resource for Real Estate, our agents protect ONLY buyers, and at no additional cost. Our future business depends on your satisfaction and subsequent referrals to your friends and neighbors. If you are pleased with our services, please tell someone about us.

 

What is an Exclusive Buyer's Agent?

An Exclusive Buyer's Agent works ONLY FOR THE BUYER. The agent and the company the agent is affiliated with NEVER list property, or represent the seller, so there is not a conflict of interest. An Exclusive Buyer's Agent's only job is to represent the buyer, EXCLUSIVELY, never the seller.At Buyer One, the Buyer's Resource for Real Estate, we protect buyers, 100% of the time, at no additional cost. Representation becomes equal, the Seller has representation, don't Buyers deserve the same?

 

How can an Exclusive Buyer's Agent show me all available property?

Many home buyers think that they will not see all the property available with an Exclusive Buyer's Agent, when in reality the buyer will have access to more properties. Exclusive Buyer's Agents search all possibilities, distressed and bank owned properties, for sale by owner properties and all listed properties on the market offered through the Multiple Listing Service. Several times we have even been able to locate property not yet on the market!

 

When should I call an Exclusive Buyer's Agent?

Call BEFORE you begin looking for a home. Remember, home advertisements are placed by real estate companies that represent the Seller, so the agent showing you property will represent the seller or be a dual agent. Once again, BUYER BEWARE!AS A HOME BUYER, YOU'VE WORKED HARD FOR YOUR MONEY...SPEND IT WISELY! Do your homework before you begin house hunting. Can you afford to do it alone? (See Buyer's Options)

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