What is the value of using an Exclusive Buyer Agent? What makes them different than other real estate agents?
An Exclusive Buyer Agent in Chicago, IL, Rich, has a background in the construction industry. He worked in construction for over 30 years. Having this professional history has raised his value as an Exclusive Buyer Agent.
When Rich shows a buyer a home, he can show them the issues he can see from his eye as a skilled construction worker. He knows it is important for the home buyer to be aware of the good and the bad things about the home they are shown.
The majority of Exclusive Buyer Agents are paid out of the commission at closing. This means that they do not get compensation if the buyer does not find a home to purchase. It is in the buyer agent’s best interests to make the buyer aware of every detail of the home so the deal does not collapse later. Good Exclusive Buyer Agents will also counsel when to walk away from a deal.
Rich will point out flaws such as paint that is peeling, windows that are old or need replacement, places where water is or has been leaking into the home, etc. He has the advantage of being able to estimate general repair costs for the home buyer from his history in construction.
Being able to estimate costs of repairs can be of great value when making negotiations with the seller. Having an Exclusive Buyer Agent who is well-versed in this industry, along with a reliable home inspection report, can be an asset when making negotiations which are repair related.
According to Money Magazine Joseph Eamon Cummings, a study done by US Sprint found that over 200 of their employees who relocated using buyer’s brokers paid on average 91% of the listing price on their homes.
Buyers who use a traditional real estate agent normally pay around 96% of the listed price. So by buying a $200,000 house, the buyer would end up saving somewhere around $10,000 with a buyer’s agent!
Not only does Rich have history in the construction trade, but he also belongs to the National Association of Exclusive Buyer Agents as an Exclusive Buyer Agent. This means there are never any listings in his office. He has no catalyst to sell a buyer any specific property. He is there to protect the well-being of the buyers interests the entire time. Being an Exclusive Buyer Agent, Rich has access to all MLS listings, foreclosures, and for sale by owner properties.
Based on client feedback, Rich’s work is above and beyond what most people expect from their buyer agents. They love him and rave about their experiences.
It may be a smart decision to work with an Exclusive Buyer Agent out of the huge group of “buyer agents” in the real estate field. Many Exclusive Buyer Agents have hidden talents and backgrounds in professions that aid in their ability to assist buyers.
Want to find out more about how to find an exclusive buyer agent, then visit Kathleen Chiras’s site on how to choose the best buyer’s agent for your needs.
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