Greg Broderick, Broker
Bend, Oregon 97701
1.800.689.2363
greg@BendRealEstate.com
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