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Poconos Real Estate
The Pocono Mountains, PA
1-570-517-2428
39 Years of Local Real Estate
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Poconos Real Estate
Questions ?
Chat With A Local Agent.
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Why
Use a Pocono Buyer's Agent
It is important
that you choose an experienced agent who is there for you. Your
agent should be actively finding you potential homes, keeping you
informed of the entire process, negotiating furiously on your behalf,
and answering all of your questions with competence and speed.
First, find
an agent who represents you and not the seller. This is beneficial
during the negotiation process. If you are working with a buyer's
agent, he or she is required not to tell the seller of your top
choice. In addition, he or she is also focused on getting you the
lowest asking price.
Also,
when you use a buyer's agent, you will see more properties.
Not only are they plugged into their Multiple Listing Service,
but also they are actively finding homes that are listed
as FSBO, or homes that sellers are thinking about listing.
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Some tips on
working with a real estate agent:
1. Understand
Buyer's Agents Work on Commission
- Very few
real estate buyer's agents work on salary.
- Most real
estate buyer's agents are paid commission. If an buyer's agent
does not close a sale, the agent does not get paid.
- Buyer's aAgents
are not public servants and do not work for free. Do not ask an
agent to work for you if you intend to cut the agent out of a
commission.
2. Please Keep
Appointments and Be On Time
- Be respectful,
use common courtesy and don't expect a buyer's agent to drop what
she is doing to run out to show you a home.
- Do not make
an appointment with an buyer's agent and then forget to show up.
- If you are
going to be late ofr an appointment, call and let your buyer's
agent know when you expect to arrive.
3. Choosing
A Real Estate Buyer's Agent
- If you decide
to hire your own buyer's agent, interview agents to find an agent
with whom you are comfortable.
- If you are
interviewing buyer's agents, let each agent know you are in the
interview stage.
- Please do
not interview two different buyer's agents from the same company.
4. Do Not Call
The Listing Agent if You Are Working With a Buying Agent
- Listing agents
work for the seller, not the buyer. If you hire the listing agent
to represent you, that agent will now be working under dual agency.
- If listing
agents show you the property, the listing agent will expect to
represent you.
- Listing agents
do not want to do the buying agent's job. Let your buyer's agent
do her job.
5. Open House
Protocol
- Ask your
buyer's agent if it's considered proper for you to attend open
houses alone.
- Hand your
buyer's agent's business card to the agent hosting the open house.
Letting them know you are represented protects you.
- Do not ask
the open house host questions about the seller or the seller's
motivation. Let your buyer's agent ask those questions.
6.
Sign a Buyer's Broker Agreement with a Buying Agent
- Expect
to sign a buyer's broker agreement . It creates a relationship
between you and the agent, and explains the agent's duties
to you and vice versa.
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- Ask about
the difference between an Exclusive and Non-Exclusive Buyer's
Broker Agreement.
- If you're
not ready to sign a buyer's broker, do not ask that agent to show
you homes.
- Ask your
buyer's agent to release you from the contract if you become dissatisfied.
7. Always Ask
For and Sign an Agency Agreement
- By law, agents
are required to give buyers an Agency Disclosure.
- Signing an
agency disclosure is your proof of receipt. It is solely a disclosure.
It is not an agreement to agency. Read it.
- The best
and most practiced type of agency is the single agency. This mean
you are represented by your own agent who owes you a fiduciary
responsibility.
8. Make Your
Expectations Known
- If you expect
your agent to pick you up at your front door and drive you home
after showing homes, tell them. Many will provide that service.
If not, they will ask you to meet at the office.
- Let your
agent know how you want them to communicate with you and how often.
Do you want phone calls, e-mails, text messages, IM's or all of
the above?
- Set realistic
goals and a time frame to find your home. Ask your agent how you
can help by supplying feedback.
9. Be Ready
To Buy
- If you aren't
ready to buy, you don't need a real estate agent. You can go to
open houses by yourself; call listing agents for showings -- but
be honest, say you are "only shopping"; look at homes online;
but don't waste an agent's time if you aren't ready to act.
- Bring your
checkbook. You'll need it to write an offer because an earnest
money deposit may be required to accompany any purchase offer.
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©2020
USARealty PA Licensed Real Estate Broker RB 066233 - 3076 Valhalla
View, East Stroudsburg, PA 18301 570-517-2428 All Rights Reserved.
A division of Golden Interests, inc. Reproduction in whole or
in part of any text, photograph or illustration without written
permission from the publisher is strictly prohibited.
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