My New Blog

I respectfully ask that you refrain from submitting posts to my blog unless they are relevant to real estate & the content posted by myself.

I welcome comment & feedback on my blog, however, if your content is not relevant to real estate & respectful to myself & my readers, it will be deleted.

I appreciate your co-operation in this matter.

I hope everyone is having a wonderful Memorial Day!

I would like to thank all of the people presently serving in our armed forces.  Without you and everyone who has served our country in the past, we would not have the freedoms that we are enjoying today.

According to CNNMoney.com, Rochester, New York is the 2nd fastest growing real estate market in the United States.

A Buyer's Agent looks out for their client's best interests by negotiating the purchase of a home at a price & terms acceptable to the buyer

A Buyer's Agent has the following duties to a buyer:

1.  Reasonable Care

2.  Undivided Loyalty

3.  Confidentiality

4.  Full Disclosure

5.  Obedience

6.  Duty to account

A Buyer's Agent does not represent the best interests of the seller in a transaction. 

It normally does not cost a Buyer anything to have their own agent.  The Buyer's Agent is typically paid for by the seller.  The listing agreement that a seller signs will specify what percentage they are willing to pay to the Seller's Agent, The Buyer's Agent & a Broker's Agent.  This amount, usually a percentage, is what the Buyer's Agent will receive after closing, unless otherwise agreed.

Buyer's Agency Agreement

Occasionally a Buyer may be asked to enter an agreement with a Buyer's Agent.  The Buyer's Agency Agreement is an agreement to compensate the Agent whenever the Buyer purchases a property of the type described in the agreement within a specified time frame.  The agent is entitled to payment regardless of who finds the property purchased.  This is an Exclusive Right to Represent the buyer.