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Don Bell
Associate Broker
Solid Source Realty
10900 Crabapple Road
Suite 2000
Roswell, GA. 30075
Phone: 678-234-5866
Fax: 770-406-2738
GA Associate Broker
License # 176936
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Did
You Know? . . .
In
the vast majority of real estate transactions, all
parties involved, with the exception of the buyer,
will unwittingly assist the seller in obtaining
the highest possible price.
Unless you specifically request that an agent represent
you as a Buyer's Agent, all the agents who assist
you, will in all likelihood be working for the seller.
"A real estate broker doesn't work for you, but
for the seller. If you want someone on your side,
get a Buyers Agent" –Readers Digest
"Retain your own Buyer's Broker when buying a home"
–Consumer Digest
"Buyer advocacy seems to be taking off. I'll never
buy a house any other way" –Wall Street Journal
"Buyers average a 5% savings when represented by
a Buyer's Agent, rather than a Sales Agent" –Money
Magazine
Questions and Answers
about a Buyer's Agent
Q:
What is a Buyer's Agent?
A: A Realtor who represents you and your interests
EXCLUSIVELY when you are purchasing real estate.
Q: Is it necessary to
have a Buyer's Agent?
A: Not unless you prefer having everyone working
in the Seller's interests
Q: Can't the Seller's
Agent represent me as well?
A: Yes, that's called Dual Agency, (prohibited in
some states, for good reason). Caution! The Sellers
and their agent have had a longer contractual relationship,
so can you be sure that the Seller's Agent is going
to negotiate a good deal for you?
Q: What does it cost me to have a Buyer's Agent
represent me?
A: Absolutely nothing! Zero! But he/she could save
you a small fortune!
Q: How does a Buyer's
Agent get compensated?
A: When a seller "lists" his house (puts it on the
market), he agrees to pay the listing broker a certain
commission. The listing broker, will in turn, list
the house in the MLS system and disclose what he/she
will pay to any other broker who brings the buyer.
Otherwise the listing broker keeps all of the commission
if he/she finds a buyer.
Q: Do Buyer's Agents and Seller's Agents have the
same qualifications and licenses?
A: Yes! They have to sit for the same examinations
and continuing education classes and generally belong
to the same associations.
Q: Are there any other
differences?
A: Not really. Seller's Agents are typically very
good at, and prefer, the marketing challenge of
selling a house. Buyer's Agents are very comfortable
with investigative analysis of real estate, and
counseling Buyers. Many agents can do both very
well.
Q: If a house catches
my eye and I want to investigate further, what steps
do I need to take?
A: Contact a Buyer's Agent FIRST, before contacting
the Seller's Agent. This will ensure a smooth transaction
for you should you decide to purchase the house.
Q: If I walk into a sales
office for a new community being built, can I negotiate
a discount because I don't have a Buyers' Agent?
A: No. Each builder has contracted to pay a set
fee to the marketing company (sales office) on each
house sold, irrespective of the number of agents
involved (even if you should negotiate directly
with the builder, he still has to pay the same fee
to the marketing company).
Meet your Buyer's Agent
A little more detail on
Buyer Agency
Don's practice was founded on the principle that
both parties in a real estate transaction should
have their own separate representation. He provides
true exclusive buyer agency representation. Not
buyer agency in name only. He represents buyers
only. He does not list property. (Only as a courtesy
to former clients). Therefore, you will never wonder
whom your agent represents. There will never be
a conflict of interest, because there will never
be the possibility of your agent changing agency
status.
There is a difference in the type of representation
an agent can offer. Agents who take listings cannot
guarantee that they will represent you, the buyer,
solely. Remember that the listing agent has signed
a contract with the Sellers to represent them, creating
a fiduciary duty to the Seller. (Georgia law defines
a fiduciary duty as the highest possible duty including,
honesty, full disclosure, confidentiality, diligence,
reasonable care, loyalty, obedience and accountability.)
Because the listing agent or any agent affiliated
with him or her already has this duty towards the
seller, by law, you are not a client, but a customer.
(An agent's duties towards a customer include only
honesty and full disclosure.)
As a Buyer's Agent, Don has a fiduciary duty to
you.. You will always be his client and never be
reduced to customer status when you are working
with him. He is legally and ethically able to work
exclusively for you to ensure a swift, accurate
and advantageous completion of the transaction.
And because the seller generally offers to pay the
commission to a selling agent when a property is
offered for sale, it makes sense not to settle for
weak, watered-down representation when you can have
Don's representation at no cost.
Please note that Don's
services cost you nothing and in no way inflate
the price of the property. 
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