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Currently in the market for a new home? Get the answers to all your questions regarding buyer's agents and agency contracts!
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What is a "Buyer's Agent"?
This is a Realtor that represents you, and ONLY you. Buyer Agency is an
exclusive homebuyer representation that ensures that the buyer's best
interests are always served throughout the real estate transaction. There is no
question where the agent's loyalty lies. The buyer's agent does not
represent the seller. The buyer's agent makes you, the client, a priority.
The buyer's agent helps you interpret all of the data on the housing market.
You get honest opinions and evaluations. He negotiates for you. (He can even negotiate for you with
FSBO's.) When you want information, you have someone to contact who promptly
responds. Remember, it takes a special Realtor talent to be a Buyer's
agent. Of 12,000 licensed Real estate agents in Wisconsin, less than 400
hold the certification of ABR, "Accredited Buyer's Agent." Art Luetke is one
of these 400.
Why use a "Buyer's Agent"?
First, ask yourself what you really want from a Realtor? The answer usually
is "service." Service by way of prompt responses, attention to details, strong
representation. Service is an understanding of your specific housing needs
and wants, sharing my understanding of the market-place, locating the right
home, successfully negotiating a contract, and finally closing the
transaction. Well, THIS, all this, is what Art Luetke provides, and then some! He's just like no
other Realtor!
Do I need to sign a Buyers' agency contract?
First of all, you should know that if you sign today, you can terminate the
Buyer Agent contract at any time, if you don't feel the Buyer's agent is
working in your best interests. You sign this agreement because you want
care and services specific to you..... you want an agent who works only FOR
YOU! Sure, the agreement also says that if I'm successful in finding you a home, you will
pay me a commission. However, statistics show that 85% of Buyer Brokers are
actually paid by the sellers. That's right. In fact, on almost all of the
MLS data sheets, sellers are already offering to pay the Buyer broker's fee,
and it's shown right there.
Going into Open Houses - Who represents me?
When you walk in an open house, do you know that the agent sitting there is
representing the seller? In fact, that agent has a written agreement with
the seller. If you like the house and wish to write an offer, that agent's
loyalty is to the seller, not to you. You wouldn't think of using the seller's attorney, so why use
the seller's agent?? A smarter play is to find a Realtor that will work for
you - a "Buyers agent" who will provide you with personalized service, honest
information, and time.
Realtor Art Luetke is that Buyers Agent. When you go into an open house,
all you have to say is one phrase that let's the sellers agent know you have
a powerful ally, "I'm working with Realtor Art Luetke, and we'd like to see
the house." The agent's answer most often is going to be, "Come on in and
look around. We've worked with Art."
How can you tell you have a real Buyer's agent? :)
A real buyer's agent will tell you the advantages of your real estate purchase
(like most agents will); for example "well folks, you can always tell
which way the wind's blowing." But then, he'll also tell you the disadvantages, "cause
to the North is the gas plant, to the East is the glue factory, to the South
is the bakery, and to the West is the sewage plant."
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