4 Most Important Issues for Kansas City Home Buyers
“Why do I need a Buyer Agent?”
Marjorie is a great client. We worked hard to sell her $750,000+ short sale two years’ ago, and she doesn’t hesitate to ask interesting questions on behalf of herself and her friends and family.
“Martin, my sister is working on a lease to purchase on an out-of-area home, how should we write the agreement so that if the value declines, she doesn’t lose her earnest funds?”
Happy to help Marjorie by referring her to an attorney....yet her sister didn’t hire a Buyer Agent. Why? This will blow you away....
The buyer was told that, “....not using a Buyer Agent meant that the price wouldn’t be increased to accommodate commissions.” Huh? Truth is, the price wasn’t reduced a dime.
In that state, just as in Missouri and Kansas, the Seller pays the commissions, the Seller pays for your representation.
Do you believe she knew the Listing Agent works ONLY FOR THE SELLER? Yep, every time. With very few exceptions, the Listing Agent works ONLY for the Seller.
Marjorie's sister would have saved $4500 in attorney’s fees. Instead, she found out AFTER she paid the attorney that the language used in the lease to purchase contract didn’t allow for the contingency that the value could fall....In this economy, you bet it could fall!
Had she used a Buyer Agent who was familiar with this type of transaction, she would have avoided the problem with no out of pocket expense.“Why do I need a Buyer Agent?”
Marjorie is a great client. We worked hard to sell her $750,000+ short sale two years’ ago, and she doesn’t hesitate to ask interesting questions on behalf of herself and her friends and family.
“Martin, my sister is working on a lease to purchase on an out-of-area home, how should we write the agreement so that if the value declines, she doesn’t lose her earnest funds?”
Happy to help Marjorie by referring her to an attorney....yet her sister didn’t hire a Buyer Agent. Why? This will blow you away....
The buyer was told that, “....not using a Buyer Agent meant that the price wouldn’t be increased to accommodate commissions.” Huh? Truth is, the price wasn’t reduced a dime.
In that state, just as in Missouri and Kansas, the Seller pays the commissions, the Seller pays for your representation.
Do you believe she knew the Listing Agent works ONLY FOR THE SELLER? Yep, every time. With very few exceptions, the Listing Agent works ONLY for the Seller.
Marjorie's sister would have saved $4500 in attorney’s fees. Instead, she found out AFTER she paid the attorney that the language used in the lease to purchase contract didn’t allow for the contingency that the value could fall....In this economy, you bet it could fall!
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?
Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty
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