Wednesday, October 10, 2012

A SMART Home Buyer

A SMART Home Buyer


A Smart Home Buyer
A Smart home buyer doesn't have anything to do with IQ.  It does have a lot to do with common sense.  There are a lot of opinions out there on what NOT to do as well as opinions of what to do. A smart home buyer uses their common sense to determine what best serves their needs. 

Years ago,  back in the 1950s, companies that were looking to purchase property decided what they needed was a Real Estate professional that had the company's and only the company's best interest as their goal.  So companies began hiring their own real estate professionals.  They would put this individual on the companies payroll with the single task of finding the properties that met the company's needs, researching them thoroughly and negotiating the very best purchase.  The thinking was these real estate buyer specialists would save the company more then enough money to pay their salary.  Companies wanted an experienced agent that had enough sales experience to understand the seller's perspective but not the driving influence of a sales organization. This person would not only be the companies employee but, would also have the legal duties and responsibilities as their AGENT.

Today, the vast majority of real estate brokerages are sales organizations.  They contract with property owners to sell their property.  Their loyalty is to the seller as it should be, with the primary objective of selling the property for the highest possible price. 

So, common sense tells us we should look for one of these buyer specialists to work for us.  Today these specialists are called "Exclusive Buyer Agents". They do NOT work in your typical "sales orientated" Brokerage, they work in Buyer Only Brokerages or as Buyer Brokers. They never have listings they must sell or the sales obligations Traditional Brokerages have that go along with listings.  Their loyalty and commitment is to the buyer only.  Perhaps the best thing about getting your own buyer agent is that there is no payroll,  there is typically no cost at all to buyers.

So, common sense tells us. . . . . . just,  Get Your Own Buyer Agent.