Real Estate Agency Oregon

Posted on November 24, 2011 by Admin
Real Estate Agency Oregon

Real Estate Agency Oregon

Many times, a prospective new home buyer, while day dreaming about jumping in and buying a home, will begin to drive and look around in neighborhoods that are enticing. Many times a model home or a for sale sign with a real estate broker's contact information out front will lure the customer into making contact. There are crucial concepts that need to be understood at this time regarding various available broker relationships and the confidentiality of information.

Firstly, it is essential that new buyers understand that the friendly salesman at the builder's new model home or the name on the sign in front of the home for sale works for the seller. Although these individuals will be happy to answer general questions about the property or volunteer to offer a showing or a tour, it is important to understand that anything that is said that is regarded as confidential information about the buyer can and must be passed along to the seller in an effort to protect the seller's best interests in the transaction. Never begin answering specific questions regarding your income, the highest amount of sale price you are willing to pay, or other personal details, such as your need to move quickly due to job changes that can compromise your bargaining position. In fact, when visiting a model home, it is important for you, as a new buyer, to bring a buyer agent on the first visit to protect your interests and to ensure you do not sign any personal information without the agent.

The Importance of a Buyer Agent to Protect the Interests and Confidentiality of the Buyer

It is important to level the playing field by considering a buyer agent to protect the your interests. By contacting an agent to negotiate on your behalf, you now have someone to protect your confidential information and needs. The buyer agent can also provide you with many additional services, such as giving guidance on pre-qualification standards to determine a rough estimate of how much home you can afford (without releasing this confidential information to the listing agent and seller), usually create a connection with a mortgage lender to formalize this process once a general estimate has been given on current market ratios, as well as learning the most desirable features of a home that you are looking for (location, school systems, community amenities, lot size, square footage, architectural features, and so on) to create a list of competitive properties to compare and tour.