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Bend Oregon Real Estate

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BEND OREGON REAL ESTATE

 

Which Agent is on your side?

You can be an "un-represented" Buyer if you go to a property and start talking to the "Listing (sellers) agent". He or she doesn't represent you, and so everything you say can (and probably should) be transmitted back to the seller.

Seller agents cannot tell a buyer what price to offer for a property. They cannot even recommend which home to buy if you're deciding between two. They cannot point out the defects of a home, unless they're material and not visible to the naked eye. And finally, seller agents can only provide you with the information you need to make a reasonable offer only if you ask for it. In short, Seller's agents cannot legally give you professional guidance on a real estate purchase if the information provided would jepordize the seller's bargaining position. 

You can see why it's important to know who represents you in the single biggest transaction of your life. Adjust your expectations accordingly.

(NOTE: In order to avoid a conflict of interest with my own client's - I do not accept Bend real estate "Listings" nor do I practice "Dual Agency".  Afterall... can a listing [sellers] agent really represent a buyers best interest - when that same agent has a signed contract with the owner agreeing to obtain the seller the most favorable price & terms?) GB 

 

The Exclusive Buyers Agent

According to the National Association of Realtors® publication 'Agency - Choices, Challenges, and Opportunities', Exclusive Buyer Agency is: "The practice of representing only buyers and never sellers in a transaction. The company never lists a seller's property and thus never has a seller as a client. Agents never accept subagency that is offered by a seller's agent".


Buyer Real Estate Negotiations Should Be Handled by an Exclusive Buyers Agent* 

Home buying assistance from exclusive buyer's agents focus on negotiations since they devote their work to the buying side and are considered home buying experts. They understand that home buyers value their negotiation skills and that 'everything is negotiable' in real estate. Not just price but terms, conditions, contract clauses, disclaimers, exclusions, and dates.

Exclusive buyer's agents will make sure the sellers know about other competitively priced homes on the market competing against theirs. They will attempt to learn the sellers' motivation for selling, bottom line price and any deadlines they are trying to meet. They will ask if there have been other offers or if they have any offers at the present time. They will use clauses and contingencies in the offer to protect your earnest money deposit as well as afford you the time for the appropriate inspections necessary to learn more about the home.

Greg Knows Bend. Greg Is An Exclusive Buyers Agent. Call Greg Broderick If You Are Contemplating a Bend Oregon Real Estate Purchase, Toll Free 1.800.689.BEND(2363)

They may suggest requiring a short window of time for the seller to respond to your offer depending on the type of market. The state of the market, whether it be a seller's market or buyer's market can affect your negotiations dramatically. When there are rising prices, fewer homes, and multiple offers competing against yours, you have must less of a chance of getting a bargain. You may end up in a bidding war when the market is 'hot' and it may even be necessary for you to be likable to the sellers when they must choose from among several offers on the table. On the other hand, when it is a buyer's market, sellers are forced to be more accommodating and you will strike your best deal.

The exclusive buyer's agent will advise you how long the property has been on the market as well as conduct a property value study or prepare a CMA (comparative market analysis) to help you decide the amount of the initial offer. They will encourage you to try to find at least two homes, preferably three homes that satisfy you to improve your bargaining position for your first choice home.

A thorough home inspection will also help you determine if the home is in the condition represented by the seller and the home buying expert will be ready to renegotiate should there be repairs needed or a request for a credit to cover repairs. Be prepared to walk away if you cannot strike a deal. It is a good way to test your resolve about the value of the house. 

"Exclusive Buyer Representation" is essential if you are to get more than your money's worth in Bend Oregon.


As an exclusive Bend Real Estate buyer's agent - I will assist you in this negotiation phase because my sole purpose is to represent your best interests. Before the sale, during the sale, and after the sale.. as your exclusive buyers agent - I am on your side.

Greg Broderick, Exclusive Buyers Agent

Call 1.800.689.2363 to benefit from my 13 years of real estate experience in representing buyers like you in the biggest purchase of their life - or email me at greg@BendRealEstate.com .

 

(*As described by, and taken from, the NAEBA  website in whole or in part).

 

  BEND OREGON HOMES & REAL ESTATE