Wednesday, March 25, 2009

Attention Home Buyer’s Why Are You Paying For A Service You Aren't Getting??

Attention Home Buyer’s
Why Are You Paying For A Service You Aren’t Getting??

What are the benefits of the buyer broker agreement?

As Realtors our first responsibility is to represent the best interest of our client. With this in mind it is very important that all home buyers understand who the agent is contracted with. When an agent has a contract with the seller of a house they are considered to be a listing agent. That agent has a legal obligation to market and sell that house for the best terms and (highest) price possible.

When this listing agent sets his commission with the seller he figures in a certain percentage to offer any agent who brings a buyer for that property.

When a potential buyer makes an offer directly to the listing agent or any other agent that he doesn’t have a buyer brokerage agreement with. They end up paying a commission for a service they are not receiving.

The service is already paid for by the commission the seller agreed to pay at the time of the listing.

Why not even the playing field by having a Realtor look out for your best interest!

When you contract with a Realtor to be your buyer broker you have just hired a professional to help you with all phases of the transaction. For example: dealing with attorneys, appraisers, home inspectors, mortgage bankers, and other agents. They will aid in negotiation, do research and analyze market data.

If only I new this when I purchased my home.

For more information on this topic click the following link:

Thursday, March 19, 2009

Mortgage Rates drop to the lowest they have been in 50 Years

The feds lowered interest rates again to the lowest they have been since world war two. This combined with already reduced housing prices and an $8,000 1st time home buyer tax credit make it a great time to get out there and buy that house you have been waiting for. I have designed a one stop real estate information website to help you start your search Check the current mortgage rates, watch free educational video's on all real estate related topics, and sign up for your very own FREE Listing book account. Listing book lets you search the MLS like a broker. Best of all I am only a shout away, if you have any questions or concerns.

Monday, March 2, 2009

Plainview, NY House Closings For February 2009

Plainview houses that closed for the month of February 2009

Address / type/ sale price

1) 18 Agatha Dr. Split, $422,000

2) 6 Milben Ct. Hi Ranch, $469,000

3) 4 Debra Dr. Split, $480,000

4) 68 Glenwood Rd. Split, $635,000