Monday, September 29, 2008

Real estate myth 7

This is a continuation of a series of posts inspired by a conversation with an acquaintance who revealed a good deal of ignorance about the real estate profession. Because I think an educated market benefits everyone, I intend to debunk as many myths as possible. I hope you find this information useful. Please feel free to comment!

Myth #7: I do not feel comfortable signing a ‘buyer’s representation contract'.

FACT--Don't feel uncomfortable--ask for one!

This contract, called Buyer Agency Agreement, was not designed to protect the agent but rather to protect you as a consumer. When signed, it brings to your side a professional who will not only assist in the search for your new home but insure that your interests are always in the forefront with the different financing venues, contracts, inspections, negotiations--all the way through to the final closing day. One of the clauses is that your agent will not show properties of interest to you to any other clients who sign after you.

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