Working with a Seller's Agent
(Your status is "CUSTOMER") |
Representation by an
Exclusive Buyer's Agent
(Your legal status is "CLIENT") |
- Would prefer to show you his / her own listings. Can show you all the homes in the MLS (Multiple Listing Service). Represents the Seller for every home shown.
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Never lists homes. Represents Buyer’s interests only! Will show you EVERY HOME ON THE MARKET! - and sometimes even properties that are not on the market! |
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Can tell you the price Sellers are asking for homes but cannot suggest an offering price. |
Will calculate the fair market value of the home for you, and assist you in developing an offering price by using comparable sales data. |
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Can provide "raw" information on comparable homes that have sold in the area. Not allowed to interpret that data for you. |
Will provide and interpret information on comparable homes that have sold in the area and help you formulate an offering price and negotiating strategy.
Will perform Due Diligence Research on all properties under consideration. |
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Can convey your offer to the seller or their agent and convey their response back to you. |
Will negotiate on your behalf throughout the entire home buying process offering advice and information every step of the way! |
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Can provide you with a "list" of title companies, home inspectors, and other professionals for you to choose from but cannot recommend any particular company or professional. |
Will recommend the best home inspectors and other professional services you will need! |
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May tell you some general information about the seller. |
Can tell you everything they can find out about the seller and their motivation for selling! |
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Must tell the seller everything they know about you, your financial status, and your motivation for buying. |
Will keep any information about you confidential if it would weaken your negotiating position! |
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"Thinks" in Seller's terms (i.e.: Get the highest price possible for the home) |
"Thinks" in Buyer's terms (i.e. Getting the lowest possible price and best terms for the Buyer, not the Seller).
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