Does Buyers Exclusively have access to all resources like the Multiple Listing Service?
Absolutely! We belong to the Chattanooga area MLS, and you can search the MLS. We can show you homes listed for sale in the Chattanooga metro and surrounding areas. Remember, we represent you. We never represent sellers.
Can a Buyer's Agent tell me if I am paying the right price for a home in Chattanooga?
Your Buyer's Agent can research previous sales to determine the value of a particular home in a given Chattanooga neighborhood. Completing a competitive market analysis will help determine the price you should pay.
Why would a Buyer Broker work for a better price for the buyer if the agent is working on commission?
In the usual commission split between a broker and an agent, a $5,000 difference in price only results in a minimal difference in the commission the agent receives. Good will and word of mouth advertising are much more valuable to Buyers Exclusively. In addition, the agent has a legal obligation to represent the buyer's best interests.
Can a Buyer's Agent represent me if I buy a "For Sale By Owner"?
Yes. The Buyer's Agent discloses to the seller that he or she is representing the buyer. Normally the seller is receptive to paying our fee. is be?
Won't it cost me more to use a "Buyer's Agent" than a traditional agent?
Not at all. In fact, you are much more likely to save money due to several important factors, including experienced negotiating and recommendations for the best lenders and inspectors. Also, since we are very experienced buyer's agents, we help you recognize and avoid many costly problems.
Isn't the agent who shows me the house always representing me by law?
Not unless you have a written Buyer Agency Agreement. Agents who list property enter into a signed contract with sellers to represent them in the sale of their property. Unless you have a signed Buyer Agency Agreement with a real estate agent promising to represent only your best interests, you may find yourself working with an agent who is obligated to act in the best interests of the seller.
Some agents say they can represent both me and the seller. How can this be?
You be the judge. If you were selling a home, would you want to list it with an agent who represents the buyer? Of course you wouldn't, no more than you would want to be put in a position of having to divulge your personal finances to the agent representing the seller. What buyers sometimes don't understand is that you may start out with an agent representing only you, but later if you become interested in a property listed with the agent's firm your agency status could change. Your agent might become a Designated Agent (named by the Broker), a Facilitator (representing the interests of neither the buyer nor seller), or a Disclosed Dual Agent (representing the interests of both the buyer and seller) in showings, negotiations, or transactions involving the property. Do you want to have no representation, a designated agent, or a dedicated agent? Exclusive Buyer Agents are dedicated agents representing only you - the buyer.