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Exclusive Buyer Agency. Agency Types. Sellers Agency Dual Disclosed Agency Buyer Agency Transaction Broker. Fiduciary. Legal Obligation of Trust Always Want and Need this is Real Estate. The Value of a Listing. Why is this of value? What is your relationship?. Buyer Agency.
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Agency Types • Sellers Agency • Dual Disclosed Agency • Buyer Agency • Transaction Broker
Fiduciary • Legal Obligation of Trust • Always Want and Need this is Real Estate
The Value of a Listing • Why is this of value? • What is your relationship?
Buyer Agency • Represent Your Interests Alone • No Conflict with Seller • Allows us to Strategize • www.naeba.com
Qualify vs. Quantify • Not What You Can Afford • What You Want to Spend • BUDGET WORKSHEET
Exclusive Buyer Agency“This is a listing” • This is Buyer Agency But with Extra Benefits • You have HIRED me!
WHY? • VALUE ADDED BENEFITS NOT • PROVIDED BY OTHER • REALTORS
BENEFITSSeller concession specialist • ACCOUNTABLE TO YOU • LOWEST CASH AT CLOSING • LOWER MONTHLY PAYMENT • ASSESS SELLER MOTIVATION • CREDIT ANALYSIS • LP/DU ANALYSIS WITH GFE & TIL REVIEW
THE PURCHASE PRICE CONFUSION • Real Estate is a business where a Dollar is Not a Dollar • Buyers Focus on Purchase Price • Sellers Focus on Net Dollars • Realtors Negotiate and Reinforce the Purchase Price Myth
THE REAL MONEY • The Money That Leaves You • DOWN PAYMENT • CLOSING COSTS • MONTHLY PAYMENT (Principal & Interest) + RE Taxes • I PAID $ 300,000 FOR THE HOUSE IS NOT ACCURATE
THE MONEY FACT • I Invested $ 30,000 in Down Payment • I spent $ 15,000 in Closing Costs • My total cash investment is $ 45,000 • I have a payment of $ 1,800 per month
TRUE VALUE • ALL THESE BENEFITS ARE TO SAVE YOU MONEY AND TIME
Objections from Buyers • I do not want to commit to one agent • I have never signed this before • What if I am unhappy with you • It is good to deal with listing agent
Objections from Agents • Never done this before • Is this legal? • Is this enforceable? • They will choose another agent • They will not commit to me • Can I refer them? Can I reject them?