Whether you are buying your first home, an investment property, or your dream house, you need to protect yourself. Too often, buyers overpay for a home, or agree to contract terms that can be detrimental to their interests, or buy a property in poor condition. How does this happen?
To put it bluntly, real estate business practices favor the home seller, no matter what an agent may tell you. Fortunately, we can give you a powerful advantage when you are buying a Columbus home!
By using us as your Exclusive Buyer’s Broker, you reap all the benefits of our professional representation. And because we never represent sellers, under any circumstances, you are never drawn into a conflict of interests. Here are 5 ways that we help you!
1. We use a custom buyer’s purchase contact that protects you, the buyer. The “standard” real estate purchase contracts are written with the seller’s position in mind.
2. We have unique contract addendums to address home inspection repairs and issues. These are much more protective of the buyer, because we include stipulations saying that only licensed, bonded and insured contractors are to do the repairs. We also stipulate that all work has to be completed and re-inspected prior to closing, and that all repairs must meet your satisfaction.
3. We state that at all repair receipts are to be given to the buyer prior to closing, and that all warranties and guarantees must transfer to the buyer at closing. (Many contractors try to limit repair warranties to only cover the original purchaser – the seller!) We photograph and itemize repair issues, and document repair requirements. This way, repair issues are less likely to be minimized or glossed over by the seller.
4. Although buyers choose the home inspector, the inspector can be influenced by the listing representative. We have had inspectors tell us that they are often encouraged to “go easy” on a home inspection by the listing agent. We require home inspectors to tell it like it is!
5. Traditional brokerages are concerned about their “list price to sold price” ratio and other statistics that they use to impress home sellers. Since their core objective is to sell the home for as much money as possible – and obtain more listings – a traditional brokerage’s own interests are never aligned with the home buyer, even if they have “buyer agents” on staff. We do not have this conflict because we do not list homes for sale. However, we share listing data with you and help you with your home search!
As your Exclusive Buyer’s Broker, we serve your best interests at all times. Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times. Understanding this distinction could literally save you thousands of dollars not only on on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner.
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
