Gene Perez Your Real Estate Consultant, Santa Maria Homes: November 2009

Green Bay Packers are so lucky!  They not only won their game today but had one of the most inspiring coaches in the history of football, Vince Lombardi.  After 39 years, Mr. Lombardi's quotes still live on.  Quotes that should be used in any arena, including real estate sales.  Whenever I hear an someone talk about the doom and gloom in real estate, I think of one of Vince's quotes.

"Confidence is contagious. So is lack of confidence."  Who do you align yourself with?

"Winning is not a sometime thing; it's an all time thing. You don't win once in a while, you don't do things right once in a while, you do them right all the time. Winning is habit. Unfortunately, so is losing."  It's about persistence and perseverance.  Establish processes to make your transactions winning ones.  Reveiw them regularly, updating them and improving them.

"People who work together will win, whether it be against complex football defenses, or the problems of modern society."  Work ethically and legally with other agents with a goal of making the touch down and closing the transaction.  Sabotaging a transaction will not result in a win but in animosity. It means we need to provide fellow agents with timely updates, documentation and regular consistent communication.

"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will."  You don't need to be envious of the success of others.  Just keep yourself focused on your own ball/project/responsibilities.  Stop the blame game, you are responsible for your success!

My favorite is, "Perfection is not attainable. But if we chase perfection, we can catch excellence."

Some of my most recent blog posts:
Duel in the Desert

Recipe to Success without working a Gazillion Hours a Day

What does Splinterheads and High Tech Hide and Go Seek Games in Surprise AZ have in common?

A Realtors Secret to Success....One of Many

You Have to Show Your House to Sell It

Taking your Bride Home

Just Listed Home for Sale in Sun City Grand Surprise Arizona

Sun City Grand Real Estate Market Update October 2009

123 EASY STREET

A Realtor's Greatest Compliment

LIGHTS ARE ON, NOBODY'S HOME

411 VOICE RECOGNITION FROM GOOGLE

If you looking to buy a home or sell a home in Sun City Grand in Surprise Arizona, please contact me or visit my website at http://LEOLINDA.com.

I am a year-round Sun City Grand resident and a full-time Associate Broker Realtor®. 

 

 

Sun City Grand ~ I live here, I work here, I know this community!

LEOLINDA BOWERS
ASSOCIATE BROKER
KEN MEADE REALTY
CELL (602) 403-6865
BUSINESS (623) 937-5701

 

 

We are the experts! We spend our professional lives working in Real Estate....with escrow officers, home inspectors, contractors, appraisers, lenders. Yet how can we explain the unexplainable? Every transaction is different, even if the theme is the same. One of the things I love about my job. I love solving the unexpected.

True sales people are rare and valuable. In any economy, they are the last to leave a company....they are the hope. If they have the skills, and they are skills....not merely personality.....they can facilitate the ideal of win-win. That's what we are doing everyday. Looking for the win-win, at least we should be. Somewhere along the line "sales" became another name for "trick" and a salesperson was someone to shy away from. Yet this couldn't be further from the truth....and a skilled salesperson is exactly what Real Estate needs in this unusual market.

Sales technicians (I like this word) are those who can run a sales cycle. This is the searching, finding, and closing of a transaction. Isn't this what our buyers and sellers want to do? It's not forcing a deal through in spite of the obvious defects. It's the ability to detect these defects from the beginning....and if they appear during the transaction, then how to handle them correctly. Sometimes this means walking away and mitigating damages.

For example....a true salesperson who is WORKING for the buyer would never allow that buyer to remove contingencies until they were all truly satisfied. Yes, there are time frames, and we all strive to make sure we meet them, but we've all seen "agents" rush to remove them regardless of whether they have really satisfied the conditions. This does a great disservice to all parties. The buyer might lose their deposit if they cannot complete the transaction and the seller might put detrimental reliance on the soundness of the deal.

A true skilled salesperson, Realtor, is going to answer the phone and email and be there to handle the situations as they come up. There are specific techniques which help facilitate solutions....which can negotiate compromises and allow a deal to continue which might not otherwise. Is this trickery? No....not if both parties want the deal to continue. This leads us back to the win-win where an unprofessional "sales person" might throw up their hands in distress....or worse, yell and scream at the other party (unbelievable).

A strong Realtor is skilled in sales and the methods of sales. They learn the techiniques needed to run a successful real estate transaction.

No Licensing for Home Inspectors

The home inspection report is the only disclosure report created specifically for the home buyer.  It is a very powerful tool that can be used in several different ways.  Its primary purpose is help the buyer make an informed purchase decision.  While the law says it is designed to report "material defects," it can also be used to identify areas on the home that will require repair or maintenance.  The experience and education of the home inspector will greatly influence the content of the report.

What is a home inspection?  I ask myself this question every time I walk into a home, or any building for that matter.  Home Inspectors are not like the typical professional because we are always surrounded by our jobs.  We might not be on the clock but we are always on the job.  It is impossible for a professional home inspector to ignore material defects, or safety issues.  Whenever we go into a friends house the inspection starts.  Hi Joe! How ya doin?  Oh, by the way did you know your water heater is going to explode if you don't fix the drain?  Sometime this doesn't go over so good.  Joe doesn't always want some guy critiquing his home.   Especially some guy who is dumb enough to lose his doughnut money on an inside straight at the monthly card game.  I learned many years ago to keep my findings private unless someone asked for my opinion.

What is not commonly known is that there are no licensing requirements for home inspectors in the state of California.  Virtually anybody with a business card can go into the business and call himself a home inspector.  This leaves the industry open to many different levels of knowledge and experience.  I have seen men who have recently retired from accounting get into the business for a little extra income and I have seen men devote their whole life to the business.  Accordingly there is a wide range of education, training and experience available to the home buyer.  The problem is the home buyers usually don't even know enough about the business to know, how much they don't know.

"Ring, ring."  "Hello, I need an inspection on my home.  How much do you charge?  That Much!  Joe's friend down the street will do it for THIS MUCH LESS!" 

What I hear is "I want the lowest bid to inspect the most important purchase of my life."  And let me tell you there are some very low bids out there today.  Low bid equates to inexperience; low bids greatly increase the probability of a poor inspection.  The typical person cannot tell the difference between a poor inspection and an outstanding inspection until something goes wrong....

Ring, ring.  "Hello, you did an inspection for me about two years ago and you missed a crack in the foundation...now the FHA appraiser will not approve the loan until the crack is fixeeeddddddd."  Now is that low bid inspection really the low bid?  Or is it just a screw job equivalent to an unlicensed contractor doing a crappy remodel? 

This is the first question you should ask when interviewing potential inspectors.  Ring, ring. "Hi I am buying a home and I want to get a professional home inspection.  What is your background and qualifications?"  The last question that should be asked is how much do you charge?  The difference is usually only a few dollars. These few dollars can be the difference between a happy and successful purchase transaction and a horrible learning experience.

Brad Deal opperates 20/20 Home Inspections and is a very experienced Home Inspector serving the Stanislaus, San Joaquin and Merced  Counties.  Merced, Turlock, Modesto, Tracy and Stockton are target areas.

The unprecedented real estate bubble the nation just experienced was partly created by the credit rating shops that were tasked to value mortgage-backed securities, or MBS. The three large agencies doing that are Fitch Ratings, Moody's Investors Service and Standard & Poor's. The ratings the three arrived at were then attached to MBS issued by Wall Street firms and subsequently offered to investors who were seeking to invest money based on their own risk preferences. Obviously what the large investors world over were seeing made them confident that MBS were sound and worth acquiring, so they bought boatloads of them, stoking the fire under the housing bubble even more.

Las Vegas mortgage recipients, like those in the other seriously mauled areas of Arizona, California and Florida, were caught up in this frenzy and are now paying dearly for it.

Ever since the home loan and real estate market implosion there has been talk about how these ratings actually were sugar-coated and inaccurate, giving investors false impressions on their true value. Naturally the three agencies under scrutiny are adamantly defending their business practices.

Ohio attorney general has now filed a lawsuit against these three agencies on behalf of five Ohio public employee pension and retirement funds, claiming that the MBS ratings were inflated, often giving triple-A scores to mortgage-backed securities that in fact were rather risky. Moreover, the issuers of these bonds themselves, the lovable Wall Street crowd, were paying hefty fees for the ratings, creating an apparent conflict of interest issue. Conceivably the more fees a Wall Street issuer paid, the better an MBS rating would be.

The lawsuit seems to have decent merit now that the housing market has largely tanked and those MBS have lost most of their value, showing that in fact they were not quite triple-A vehicles but rather the high-risk variety. The Ohio attorney general has already filed seven other lawsuits against financial and investment companies since the economy turned sour and has collected thus far $2 billion in damages. This then isn't his first rodeo, so evidently he's onto something everybody should be paying attention to.

It just makes people wonder why Washington mortgage industry regulators are still sitting on the sidelines. This appears to be what they should be keeping an eye on and taking corrective action when needed. Does Wall Street have too much influence there? Well, at least some of the states have taken the initiative seeking to make the marketplace more responsible for its greedy and deceptive actions.

 

_______________________________________________________________________________

Provided by: 

Esko Kiuru
Mortgage Consultant, Father, Golfer, Skier, Beer Aficionado

www.eskokiuru.com - complete mortgage platform
www.BluefoxToday.com - syndicated mortgage and real estate blog

esko@eskokiuru.com
My cell: 702-499-1006

Home loans in Southern Nevada - including Las Vegas, Summerlin, Henderson, Green Valley, Mountains Edge, North Las Vegas, Southern Highlands, Anthem, Boulder City, Pahrump and Mesquite - and all of Nevada.

This morning I received an email from a person looking for rent to own home. I am constantly getting emails from people looking for this type of deal. There is a reason I avoid these types of deals!

No matter how badly you want to own a home today, this type of financing is not always the answer. Ask yourself: Why is someone willing to sell me a home in a way that does not benefit them as much as it seems to benefit me? Do you really think they are doing this out of the kindness of their heart?

Talk to Your Lender!

The first step in buying a home is talking with a lender. At least take the time to see what they say! Even if you are unable to obtain a mortgage from a reputable lending institution, you will at least know the reasons why. And then you can work on improving your credit. There is absolutely nothing wrong with renting while working to improve your credit and saving more down payment! It is much better to wait until you are ready than to rush into such a major financial decision and become the victim of a scam.

Heck, some people rent all their lives and there is absolutely nothing wrong with this either. For some people, renting is just a better decision. I rented for many years because I liked the idea that I could quit my job, pack my car and move 1000 miles at the drop of a hat. And I did it several times!

Pretty hard to do that if you must sell a home! But I eventually grew older, a little wiser and settled down. I found the love of my life and an area that I was happy to stay in the rest of my life. So buying made sense, but only after I talked to my lender and investigated my mortgage options.

Low Down Payment?

If you have not saved a down payment that will more than cover the normal sellers expenses, why would they be willing to take a chance on you? As much as I wish the world was a better place and people did not lie, and people did not take advantage of others for their own benefit, it happens. Why let your eagerness to own a home before you are ready be your downfall?

If you do not have more down payment than what the seller would get as deposit from a renter why would they want to sell the home to you? Think about it, if the normal deposit is first and last months rent, and you are not offering a lot more than this as down payment, why would a seller accept it?

The seller may be planning on you NOT being able to keep up your end of the deal so that you lose your downpayment and any extra you have been paying each month.

Monthly Payment

Many rent to own deals will have a monthly payment that is higher than the normal rent for a similar property and the extra you are paying is supposed to apply to the purchase price when you do buy the home. Sounds great as long as you can qualify for a mortgage at the time specified in the contract. Because if you cannot, all the money you overpaid every month may be forfeited! So not just your down payment, but also the extra money you paid every month is gone.

Purchase Price

At one time, in this area, there was a guy doing a boatload of rent to own transactions. Most never closed, and the reason why was the inflated purchase price. Even if you can get a mortgage when it comes time to exercise your option to purchase, if the purchase price of the home you have been "renting" is well above what the property will appraise for, no bank will lend you the money. And then the seller keeps your down payment, all the extra you paid every month, and you have to find a new place to live! And the seller still owns the home and pulls the same scheme again on another buyer that just had to try a rent to own purchase. The seller will of course say they did nothing wring, that the buyer is an adult and read the contracts-but do you really think they did not do anything wrong?

Is Rent to Own a Scam?

So is rent to own always a scam? No! But maybe if you Google Rent to Own Scams and see that what I am saying has been said many many times by other people in other places! It can work, but there are many many problems for both the buyer and the seller with rent to own homes! I could go on and on with the various pitfalls of rent to own but I think it might be better if you hear it from someone else besides just me.

I am sure you have heard of HUD. If you are not familiar with HUD they are a government agency that exists to increase homeownership, support community development and increase access to affordable housing free from discrimination. So is HUD going to lie to you? NO! They are not in the business of selling homes, they are in existence to protect you! Not to make money!

Why not check out the HUD website about buying a home and get some of the best non-biased information about buying a home that you can find anywhere. Did they say anything about how rent to own is a good idea? NO! Did they even mention it? NO! Why would they promote a method to scam people?

So after checking out these websites, and researching rent to own, you have decided that you still are going to go ahead with one a rent to own home? Then I have one last suggestion:

Hire an Attorney to Represent You!

When I say hire an attorney, I mean do not use the seller's attorneys! You must hire an attorney to work for you and make sure you are not taken advantage of. Also do not sign the paperwork or contracts and then have the attorney look at it! Do not sign anything until after your attorney says it is OK!

But Why is Mark Telling Me This?

I am a REALTOR so it goes without saying that I think that buying a home is a great idea. But I am also honest that if you are not ready to take on this huge financial step, you cannot rush it! Sure I get paid when I sell real estate. My ability to sleep soundly at night because I know I have not taken advantage of anyone will always be more important than making a commission check. But you need to know the ugly but honest truth about rent to own deals. They are not always as good as they sound!

Plus I am tired of getting the emails and feeling bad for these people. I know they will not believe me and are determined to own, no matter what. Well with this blog, I have officially warned the world. If you choose to hang yourself, I am not handing you the rope! From now on when people email me about rent to own homes, my reply will always be a link to this blog.

Sure, rent to own might work out in everybody's favor sometimes. But the truth is if a deal sounds too good to be true, it is. If you are not financially ready to buy a home then maybe owning a home is not right for you today. There is a world of difference between owning a home and renting.

We were all babies once and we all had to learn to crawl before we walked. It is no different with real estate.

 

Mark Brian  Silver Star Real Estate

Cell 864-353-1253 Office 864-225-1883

Email

View South Carolina Real Estate

 

What Is A Reverse Mortgage? (Part 4)
A 12 Part Series

Part 4 - Pros and Cons of a Reverse Mortgage

Why Should You Consider a Reverse Mortgage

• Allows the homeowners to stay in their home permanently.
• Pays off existing mortgages on the home.
• Simple to qualify for because credit score and income are not considered.
• No monthly payments are due for as long as the homeowner lives in the home.
• The homeowner receives payments on flexible terms:
• Credit line for emergencies
• Monthly income
• Lump sum distribution
• Any combination of the above
• A reverse mortgage can not get "upside down" so the heirs will never owe more than the home is worth.
• Heirs inherit the home and keep the remaining equity after the balance of the reverse mortgage is paid off.
• Proceeds are not taxable.
• The interest rate is lower than traditional mortgages and home equity loans.  

Reasons Why You Shouldn't Do a Reverse Mortgage

The fees on a reverse mortgage are the same as a traditional FHA mortgage. But, the fees are higher than a conventional mortgage because of the insurance premium. The largest costs are:

• Upfront FHA Mortgage Insurance Premium of 2% of the maximum loan amount
• Origination fee - 2% of the first $200,000, then 1% of the remaining maximum mortgage amount, but not to exceed $6,000
• Although Social Security and Medicare are not affected, Medicaid and other need-based government assistance can be affected if too much funds are withdrawn (and not spent) in one month.
• Counseling. The program is not well understood by most individuals, and all borrowers must get counseling on reverse mortgages. However, the availability of independent reverse mortgage counseling helps.

Next: Part 5 - Reverse Mortgages, Income and Taxes
  

Part 1 - Definition of a Reverse Mortgage
Part 2 - Reverse Mortgage Eligibility Requirements
Part 3 - Myths and Frequently Asked Questions of Reverse Mortgages
 

If you're 62 or older and are looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, to pay for healthcare expenses, or even to buy your retirement home, then consider getting a reverse mortgage. Find out how a reverse mortgage can use the equity in your home to pay you.

 

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	Lew Corcoran, Sr. Mortgage Consultant Reverse Mortgages / FHA Loans / VA Loans USDA Rural Development Loans in Massachusetts and Florida ActiveRain Blog / Localism / New England Properties The Mortgage Market Watch and Interest Rate Lock Advisory

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Now is a great time to buy real estate. I was quoted 3.75% on a 7/1 ARM today (great if you are putting a lot down and plan to move in 5 years or less), and 30 year fixed are getting deliciously close to 5%. The high inventory and low prices are all in the buyer's favor. I see homes off 25-30% from their peak in some very nice areas, and even more in some parts. Sellers want to make a deal too, and I am seeing them do things they never would have done even 2 years ago: include furniture, help with closing costs, eating the difference in low appraisals, and even agree to significant repairs. All this points to a strong buyer's market. 

Yet some buyers are frustrated. Why? Because all this talk in the media has them thinking that if they offer $400,000 on a gorgeous $500,000 home in a prime location that the seller will fall down and kiss their feet! Worse, when someone outbids them for that gorgeous, well appointed home in a prime location they are perplexed! Prices are down 50% in Shamokin! I should be able to get something in White Plains or Scarsdale for 25% off! Isn't a buyer's market a license to steal?

Of course it isn't. A buyer's market isn't a flea market. That $500,000 house was selling for $650,000 4 years ago. That's your discount. If I am your buyer agent, you might get it for $460,000 or $475,000. And the seller may throw in the deck furniture, the snow blower and the breakfront you liked. But a market, by its very definition, is not where theft occurs. It is only a good deal if the seller goes for it. And until we are able to hypnotize the seller, their agent, their lawyer and Uncle Vinny, you aren't gonna raid the neighborhood like an invading Visigoth. 

Moreover, in those perplexing cases where you are outbid, you have to understand that if you adore a fantastic place that is aggressively priced, then someone else will probably love it too! Hot properties still have a larger audience. So happy househunting for you brave, smart people out there actually looking in earnest, and do remember that a buyer's market is distinct from a hold up.  

 

J. Philip Faranda, Broker-owner, J. Philip Real Estate, LLC. Reach Phil at (914) 723-8900. Search the MLS like an agent here. Read my short sale bog here. J. Philip Serves Briarcliff Manor, Ossining, the River Towns, Westchester County, and the bedroom counties of New York City. 

 

The market always heals from the bottom up" according to Paul Bishop, National Association of Realtors Vice President of Research. According to the recently released sales numbers 47% of buyers this past year were first time home buyers.  Surpassing the previous high record of first time purchasers set back in 1991

 "These buyers are critical to housing and a general economic recovery ...they absorb inventory, free existing owners to make a trade and stimulate related goods and services " said Bishop.  He compared this rise to the last recession in 1991, where the same dynamic played out "first time home buyers started the chain reaction that led the nation out of recession" he said.   Bishop credits tax incentives,record high affordability, and pent up buyer demand to this spike in recent sales.   Economists would also credit the FED with suppressing any immediate rise in interest rates affecting home mortgages while the economy is still so fragile.  

BUYER PROFILES ARE ALSO DIFFERENT THAN ONE WOULD EXPECT  

The median age of a first time home buyer is 30 indicating that some are younger and some are older. They are planning to live in their homes for at least ten years. The typical cost Nationwide was $156,000 down 7% from last years figure of $165,000. 87% of First time Home Buyers surveyed consider their home to be a good investment."   Single Family homes sold a higher rate than other forms of housing.  In fact 78% of the home achieved were single family homes

HOW ARE BUYERS PAYING FOR HOMES?   96% Chose a fixed rate mortgage.  (55% used FHA compared to 8% Using VA Programs) 61% of First time buyers used their savings as a down payment. 22% received down payment assistance as a gift from family.      6% received loans for down payments from family 6% tapped into a 401 (k) program  

WHAT IS OLD IS NEW AGAIN- SAVING MONEY FOR A DOWN PAYMENT ON A HOME

39% of home buyers have cut back on luxury items, 38% cut back on entertainment and 30% cut back spending on clothing according to the study.

And a staggering 80% of first time home buyers are using the Internet.  

HOW HAVE RECENT CHANGES IN REAL ESTATE AFFECTED SALES?  

13% Experienced a Purchase Agreement that was canceled, terminated or fell through "This raises the question of how many potential buyers were unsuccessful because of problems with appraisals or loan qualifications. The market would be stronger without these problems" Bishop added.

Only 8% of applicants were rejected for loans (a 92% success rate) 12% of applicants said that financing their first home was more difficult than they expected. 8% of all buyers paid cash.  

85% of Successful Home Sellers used a Real Estate Professional. Sellers surveyed want agents to price their homes competitively, find a buyer, market the property and sell within a specific time frame.     

THE TAX CREDIT  EXPANSION INTO 2010   

The expansion of the tax incentive program will extend to homes placed under purchase agreements by April 30, 2010  and will include home buyers who have owned a home in the past 5 years.

  Repeat Buyers  surveyed  had an average age of  48, earning $88,100 and plan to stay in the homes they purchased on average for 12 years.  These buyers typically bought more expensive housing. The median price on a National level was  $224,500  

RECORD DECLINE IN FOR SALE BY OWNER PROPERTIES.  

In the actual number of homes sold without representation was a record low according the most recent survey only 6%. Declining for the second year in row. 

The most difficult tasks reported by owners attempting to sell homes themselves were,; preparing and fixing the home, understanding and performing the paperwork and selling within the planned length of time.

The overwhelming majority of successful sellers used a Real Estate Professional full service brokerage.

 

 

St. Cloud Florida  Real Estate Broker/Associate,         

St. Cloud Florida Homes For Sale, Buying HOMES In St. Cloud Florida, Real Estate Agent specializing in Osceola County Homes ,Townhomes, vacation properties, land, & Investment Properties-Allison Knows Osceola County, Fl.

 

Is It Wrong to Work With More Then One Realtor?

Home buyer: " Is it wrong to work with more then one Realtor at the same time? I'm trying to follow proper home-buying etiquette. My friends tell me it's O.k. as long as I keep track of which Realtor showed which property. That way, if you end up purchasing, the correct Realtor is compensated. I've not signed any exclusive contracts with any Realtor.

Is it OK as long as I make sure both Realtors realize I'm working with another agent as well? Some people have told me that Realtors know customers might be working with others, and it's not a big deal."

                                                   

Isn't that a good question? As a Realtor,  I definitely have a 'biased' perpective and answer to that question.  But since the question involves 'working with a Realtor' - who better to answer it? :) 

1.)Yes - if you're working with Realtor's in two different Cities - where each has their own area of expertise! Go ahead and Use 2 Different Realtors! As a matter of fact your local Realtor can probably refer you to a Realtor in the city you're moving to.

2.)If you are Selling Your Home and Buying again - it is possible to work with a Listing Agent to sell your home and a Buyer's Agent in the purchase of your new home.  Often these 2 Realtors can even be a part of a team where they tag-team each other.

More importantly however, is the Buyer asking about this from a legal or moral/ethical perspective?

First of all I want to say that Real Estate Associations in each Province and State have their own rules.  There used to be 'threshold' rights in British Columbia.  This is where the Realtor who introduces you to the house - is the Realtor who gets the commission.  However it's not so cut and dried anymore.

If you signed a Buyer's Agency Agreement - then you are under 'contract' to work with that and only that Realtor.  If for some reason you choose not to - then your new Realtor may very well end up getting paid by YOU or not at all!  And YOU will be breaching a contract to work with another agent. This can get ugly ... and no one wants "ugly" ...

However if you have No Contract - Let  me Tell you You some Reasons Why it is NOT a good idea to work with more then One Realtor!

Home Buyers often call on signs and advertisements and talk with MANY real estate agents until they find a home that they want to buy ... and then just work with the listing agent to buy the home. Sometimes this is not a good idea, as the home buyer may not get the best deal if  the listing agent is looking out for the best interest of the seller ... not the buyer.

Or the Buyer may work with several different Buyer Agents to see who will find them the best deal. This is ALSO not a very good idea for a couple reasons ...

 

                               

1.  First of all all Agents have the same access to the same homes for sale via the local MLS.  They all have the potential of finding the "best deal".

However Agents only get paid when they successfully find a home for a home buyer ... and it closes. All the up front work of finding the home is done without pay and in good faith that the home buyer that they are working with is using them to represent them. If a home buyer is not disclosing that they are potentially working with other agents, then the Buyer Agent does not have the ability to fairly weigh out the situation and determine whether or not they want to work with that home buyer.

There Are some exceptions though:

1. If a home buyer wants to work with more than one agent (for whatever reason), the right thing to do is to NOT sign a Buyer Agency Agreement and to notify each agent of this decision.
2. If a home buyer is considering buying different types of property or different areas, they may consider hiring an "expert" for each area. 
3. If you're still not sure and don't know if you will like being 'married' to just one agent - Consider  signing a week long Buyer Agency agreement - If after that week, the agent is not a good fit, then the home buyer can move on and find a new agent. Win Win right?

Finding ONE agent to work with is generally going to be your best bet.

  

                                             

 

If you or someone you know is thinking of Buying or Selling property in Cultus Lake, Chilliwack, Hope, Abbotsford, Langley or anywhere in the Fraser Valley Area of B.C. - or if you would like more information please give Liz  Moras of Landmark Realty Chilliwack a call at- 604-799-0459 or e-mail at lizmoras@gmail.com.     

Copyright © 2009 By Liz Moras, All Rights Reserved. All photos by Liz Moras ( except the one's I'm in!). All information provided by this author is only an opinion, it is not guaranteed, may be based on information collected from several sources, and may be time sensitive.  It is not necessarily representative of the opinions of Landmark Realty Chwk. Ltd..