NEW HAMPSHIRE BUYERS ~~~HIRE A BUYER AGENT

By
Real Estate Agent with BHG The Masiello Group

 

CHOOSE AGENT CAN YOU GUESS WHICH AGENT IS THE EXCLUSIVE BUYER AGENT

Buyers -- BEFORE you begin to search for a home, hire an agent that specializes in the representation of buyers.  

Selecting an agent to represent you should not be left to guess work.  Not all "Buyers Agents" are the same.  

  Make sure that the agent that you select is working for YOU!

  To insure that the agent you hire is looking out for your best interrests, make sure that your are working with an Exclusive Buyer's Agent.  

     Only an agent who works in an office that does not practice "disclosed dual agency" can provide undivided loyalty to the Buyer.   

New Hampshire law, RSA 331-A:2  defines Disclosed Dual Agency ...

"Disclosed Dual Agent" means a licensee (agent) acting for more than one party whose interests may differ in a transaction with the knowledge and written consent of all parties for whom the licensee (agent) acts.  This means that the same agent/company that is representing you is also representing the Seller.  It is like a lawyer trying to represent both parties.  There is a great likelihood of conflicts of interests with disclosed dual agency

Below are some questions to ask when interviewing agents:

  • Do you or anyone in your company represent the Seller or take listings?
  • If you represent me as a Buyer's Agent and I chose to purchase a property listed with your office, can you guarantee I will not end up in a "Disclosed Dual Agency"?
  • Will you ask me to sign an Agreement Consenting to Disclosed Dual Agency?
  • If I did sign an agreement Consenting to Disclosed Dual Agency, who would represent me?
  • In a Disclosed Dual Agency relationship, could you help me in determining the best price and terms relative to the property and help me with develope an effective negotiating strategy?  Could you be my advocate if any inspection issues or other issues arise?
  • How many homes have you sold in the past year?  How many times did you represent the Buyer only? For those homes sold in the last year, how many resulted in a "disclosed dual agency"?
  • Do you like working with Buyers?
  • What Buyer Agent courses have you taken?  What Buyer Agent designations do you have?  What was required to get the designation? 
  • How many "negotiation" classes have you completed?
  • How long have you been representing Buyers?  
  • How many transactions have you closed in the past year where you have represented the Buyer only?
  • Do you use the same Purchase and Sales agreement with Buyers that you use with Sellers?
  • What contract clauses do you include in an offer that will protect the Buyer?
  • Will you show the Buyer "For Sale by Owner" properties and represent the Buyer if the Buyer wants to purchase a "For Sale by Owner" property?
  • What property records do you routinely provide to Buyers?
  • Will you present the Buyer's offer to the Seller in person?

 

________

(c) 2007-2008  JOAN WHITEBOOK

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Topic:
Home Buying
Location:
New Hampshire
Tags:
new hampshire
buyer
new hampshire buyer
exclusive buyer agent
dual agent
disclosed dual agent
questions

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Show All Comments
Rainer
126,948
Stefan Scholl
Northern Michigan Real Estate
Buyer's Broker of Northern Michigan, LLC

Excellent questions, Joan.  Thank you for sharing these with us. 

March 25, 2007 11:28 PM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group
Hi Stefan:  Thanks for commenting on this post.  I hope all is well with you.  What do you think about AR?  Have you seen any change in your business? 
March 26, 2007 07:17 AM
Rainer
126,948
Stefan Scholl
Northern Michigan Real Estate
Buyer's Broker of Northern Michigan, LLC

Joan,

We are having a great year so far here in Michigan, despite the weak economy and real estate market.  Although I can't attribute any business specifically to AR, my AR blog and profile is showing up in the major search engines for various popular search terms.  I have enjoyed blogging and sharing here on AR.  I look forward to meeting you, perhaps at the NAEBA convention in Las Vegas this November?

March 26, 2007 08:53 AM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group
Hi Stefan -- I would love to get to Las Vegas in November -- I haven't been there in a long time!   By the way, my best friend from San Francisco used to live in St. Joe as well as the attorney I worked with for many years before moving to NH.   Take care.
March 26, 2007 09:12 AM
Rainer
138,958
Jay McGillicuddy
Real Estate Broker
Berkshire Hathaway HomeServices Verani Realty
Hi Joan, how do feel about NH looking into transactional brokerage and designated agency?
March 26, 2007 02:18 PM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group
Hi Jay -- I would love to discuss my thoughts with you.  Give me a call when you get a chance.
March 26, 2007 07:35 PM
Anonymous #7
Anonymous
andrea
This was very informative.  I don't live in your state, but I will certainly use this list of questions when I talk to agent.  I didn't realize how important it is to know whether or not an agent works more with sellers or with buyers.  Thanks.
April 07, 2007 08:58 PM
Rainer
138,958
Jay McGillicuddy
Real Estate Broker
Berkshire Hathaway HomeServices Verani Realty

Hi Joan,

               We were away to Myrtle Beach and I never saw yor response and I will try and touch base with you this week.

Thanks Jay

April 08, 2007 05:42 AM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group

Hi Jay  (and Monika)

   I hope you and Monika had a good time in Myrtle Beach.  I am sure it was warmer than NH.  However, spring is around the corner.  May you both have a happy Easter and I look forward to talking with you.

April 08, 2007 07:34 AM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group
Andrea:  I am glad that you found this article to be of benefit to you.  Good luck.
April 08, 2007 07:38 AM
Anonymous #11
Anonymous
Tricia Connelly
Hi Joan:  My names is Tricia and I just want to tell you how helpful this article was.  Thank you for providing such a valuable tool
April 22, 2007 09:58 PM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group

Tricia:  I am glad that you found my blog.  Hope you are sucessful in finding an agent who can assist you and represent your interests.

 

 

April 22, 2007 10:07 PM
Anonymous #13
Anonymous
yvonne
I don't know why anyone would think of buying a home without an exclusive buyers agent.  I am going to look for one here in San Francisco.  It is the only way to buy a home. 
April 29, 2007 11:38 PM
Rainmaker
1,033,076
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group
Yvonne:  If you are looking for an exclusive buyer's agent in SF, please give me a call and I will be happy to assist you.
May 06, 2007 10:38 PM
Anonymous
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Rainmaker
1,033,076

Joan Whitebook

Consumer Focused Real Estate Services
Wondering if it is a good time to Buy or Sell? Call Me
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