3 Reasons to Work with an Exclusive Buyer's Agent on Your Next Home Purchase
REASON #1: True Representation: Your real estate agent should be working for you (not for the seller).
True Representation is the original reason that exclusive buyer agency became an option for homebuyers (in the 1980's). Understanding how agency works is simple...
A Seller's Agent represents the seller (and is obligated to work for the seller's best interests).
Will a seller's agent show homes to a buyer? Often YES (preferably their own listings or their brokerage's listings).
Will the seller's agent represent the buyer's interests, protect the buyer's confidentiality, and negotiate on the buyer's behalf? NO. They cannot, because they already represent the seller.
What is Dual Agency? Dual Agency occurs when a San Diego real estate company represents BOTH the buyer and seller in the same transaction.
A dual agent CANNOT possibly represent the best interests of the buyer AND the seller at the same time. How can one agent work to get the seller the highest price and best terms while also working to get the buyer the lowest price and best terms? It's impossible.
The same holds true if you hire a buyer's agent who works for a traditional brokerage. If the buyer writes an offer on one of that brokerage's listings, the brokerage (the company) is acting as a dual agent, representing both sides of the transaction.
The only interest fully protected in a dual agency transaction is that of the real estate agent and their broker - they 'double-end' the transaction and pocket both sides of the commission.
Exclusive Buyer Agency is the best option for home buyers who want an agent who represents buyers only.
An exclusive buyer's agent never takes listings and never represents sellers, eliminating the dual agency conflict of interest.
As a San Diego exclusive buyer agent, I can show my clients any property for sale in San Diego, including properties listed for sale in the Sandicor MLS, unlisted properties, for-sale-by-owners, bank-owned foreclosures, short sales, etc.
An exclusive buyer agent's job is to represent homebuyers only, and I am legally obligated to look out for the best interests of the buyer (your interests) throughout your transaction.
REASON #2: Loyalty: Your real estate agent should be loyal to you from the beginning to the end of your home buying journey.
When I commit to taking on a new client, I am pledging to go above and beyond the usual REALTOR® call of duty (see Globella's Code of Ethics).
When you hire me as your exclusive buyer agent, you are hiring an experienced counselor and teammate who will help guide you through each phase of your home buying journey. Your goals are my goals. Your schedule is my schedule. Your purchase is my purchase.
I take extra measures to make sure I am working with qualified, motivated, and loyal buyers, which enables me to commit to you 100% and offer you impeccable buyer representation services.
REASON #3: Specialization: Your real estate agent should have special experience and skills to help you achieve your home-buying goals.
Would you have a dentist perform your back surgery? Or would you hire a diesel mechanic to fix your flat screen T.V.? NO, it would make the most sense for you to hire the expert that specializes in the task to be performed...
Buying a home in San Diego will be one of the largest purchases you make in your life, and it makes sense to hire an Expert Home Buying Specialist to help you purchase your next San Diego home.
Every year, I find new ways to hone my buyer representation skills (such as negotiation skills), attending courses and training to become a better buyer's broker, formulating agreements that protect the buyer's best interests, and networking with the top professionals in the area and around the country, etc.
Because I specialize in representing buyers-only, you can rest assured that you will maximize your savings of time and money while avoiding frustrating hassles - and ultimately find the property that's right for you!
To start the process, contact me to request a free buyer strategy session. I look forward to hearing from you!
Also Read: Salesperson vs. Trusted Guide
Also Read: Buyer's Agent vs. Exclusive Buyer's Agent
Also Read: How Exactly Does a Buyer's Agent Get Paid?