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"We urge consumers who are purchasing a home to first consider an Exclusive Buyer Broker relationship.” - Consumer Federation of America |
The majority of independent real estate experts and consumer advocates agree,
if you're going to buy a home, the smartest decision you can make is that of utilizing the services of an
Exclusive Buyer's Agent (EBA) - the true Home Buyer specialist.
"Your goal should be to engage an agent who will represent only your interests. Not just a 'buyer broker', but an exclusive buyer broker . Make sure that is what you are getting."
Not One Dollar More / by Joseph Eamon Cummings
"When buyers do not use an exclusive buyer broker, they are generally dealing with a professional, trained selling agent who has pledged to get the best price and terms possible for the seller."
"If you ever doubted the value of real estate agents who work solely for Homebuyers (as opposed to traditional agents who report to sellers), consider this: a recent study by U.S. Sprint found that 232 relocating Sprint employees who hired buyer’s brokers paid an average of 91% of a homes list price. People who use traditional agents typically pay about 96%. On a house originally priced at $150,000, that’s a difference of $7,500."
HOUSE HUNTING? SAVE BY HIRING YOUR OWN BROKER / by Carla A. Fried
"A conflict of interest is more likely when a real estate firm that represents Sellers assigns you one of its Brokers as a Buyers Agent. That's why many people believe an "Exclusive" Buyer Broker is preferable."
SMART MONEY: A PERSONAL SHOPPER FOR YOUR DREAM HOUSE / by Pam Black
"Exclusive Buyer’s Brokers work only with buyers and don’t take listings. They’re obligated to help you find the best deals and lowest price. Unfortunately, agency standards have changed so much in the past ten years that real estate agents themselves are likely to be confused about their obligations to buyers and sellers, even though in most places they are supposed to give you a disclosure form explaining your relationship. Bottom line: You don’t truly have an advocate in your corner unless you both sign a contract saying so."
BUYING A HOME / by Elizabeth Razzi
Kiplinger Personal Finance Magazine
"Should you use a buyers agent? The vast majority of buyers don't and that's unfortunate. The only way to get an agent really on your side is to use an Exclusive Buyer's Agent. I wholeheartedly suggest you look for one when you get ready to buy."
Tips And Traps When Buying A Home/ by Robert Irwin
"Any licensed real estate agent in the United States can legally act as a "buyer's agent," although not all have experience doing so. You can also engage what's called an "exclusive buyer's agent." This is the purest form of buyer representation . . . "
IS "YOUR" AGENT REALLY WORKING FOR YOU? / by Christopher Cruise
"Ralph Nader, head of the Center for Responsive Law, heralded one recent industry development, buyer brokers, and derided another - duel agents. He said the industry needs more buyer brokers, who represent consumers negotiating real estate deals and help them get the lowest possible price . . . "you’ve got to have someone representing you who only represents you" Nader said."
NADER RAPS REAL ESTATE INDUSTRY / by Robert W. Trott
"Question: Do I need a broker to help me when I’m buying? That depends on how informed and assertive a buyer you are. Unlike the traditional agent who looks out for the seller, a buyer-broker acts as your advocate, helping you find the home you want and then negotiate the lowest possible price. The best buyer-brokers are so called exclusive agents - that is they represent only buyers, never sellers."
TODAY’S BEST IDEAS FOR HOMEBUYERS AND SELLERS
For a confidential, no obligation, no cost discussion of your home buying needs contact
7 West Square Lake Rd., Bloomfield Hills, MI. 48302
Phone: 248-483-9500 • Toll Free: 888- 802-FREE ( 7283 ) • Fax: 248-544-1410
E-Mail: info@BuyersRealEstateCo.com