Real Estate Myth:
"It’s okay to go see any house for
sale in the Dayton, Ohio area, and have a ‘showing’
with the Realtor whose name is on the For Sale sign."
Real Estate FACT:
The seller's Realtor can "claim" you as "their
buyer." If you decide to buy that house, then you’ll
probably have to deal with either the seller's Realtor - as
your "Dual" agent, or deal with another Realtor
from the same real estate office as the seller's Realtor -
as your "Split" agent. You now have a big disadvantage,
because you're not receiving Exclusive Buyer Representation.
Real
Estate Myth: "I went to a 'showing' of
a house with the seller's Realtor. It was the first time we
ever met. He told me that I didn't have to sign anything at
all until I'm ready to buy."
Real Estate FACT:
According to Ohio law, all Realtors must
give you their company's "Consumer
Guide to Agency Realtionships"
before showing you a home. You have
the legal
right
to know if a Realtor will become a Dual
Agent
or a Split
Agent.
This Consumer Guide contains a statement that Realtors are
required to give
you their company's Guide, and it must also
have a place for you to sign,
indicating you received a Guide. If a Realtor
showed you a home, and you were not
given a "Consumer Guide to Agency Relationships,"
you may want to contact an attorney or
Ohio Department of Commerce, Division of Real Estate &
Professional Licensing at (614) 466-4100 or Ohio
Division of Real Estate.
Real Estate Myth:
"Going to Open Houses in Dayton, Ohio is a good way to
find a house to buy."
Real Estate FACT:
That’s another way for you to get "claimed"
by the seller’s Realtor. Buying a home through the seller’s
Realtor is called Dual Agency. According to Ohio law, Dual
Agents cannot advocate - or negotiate - on behalf of the Buyer.
Dual Agents cannot suggest specific contract terms - including
how much to offer for a home. Ohio law states that a Dual
Agent must remain "neutral" towards
the Buyers. Is there anything more useless than a "neutral"
Realtor?
Real
Estate Myth: "I don’t need an agent
to buy a New Home, or a For Sale By Owner home."
Real Estate FACT:
When you’re buying any home, there’s no additional
cost to have a genuine Exclusive Buyer Agent on your side,
whether it’s a For Sale By Owner Home, or a New Home,
or a MLS home. Our fee is paid either by the seller, or by
the builder.
Real
Estate Myth: "Having a ‘buyer agent’
is the best way to buy a home."
Real Estate FACT:
Traditional "buyer agents" can switch loyalty during
your home purchase, switching to Dual Agency if you decide
to buy a home listed with them. When you interview Realtors,
ask for their company's "Consumer
Guide to Agency Realtionships."
If a real estate company advertises listings of homes for
sale, that company practices either Dual Agency and/or Split
Agency. Unlike traditional "buyer agents," Exclusive
Buyer Agents are always on your side - the buyer's side -
guaranteed. We never "switch loyalty" during your
transaction.
Real
Estate Myth: "It doesn’t make any
difference
which real estate agent I choose when I buy a home in Dayton,
Ohio because all Realtors are basically the same."
Real Estate FACT:
Only one type of real estate company (one with Exclusive Buyer
Agents) guarantees in writing to work for buyers only - never
sellers - and never both sides during your home purchase.
We don’t sell houses - we represent buyers as our clients
- not as "a customer." When you’re buying
a home, there’s no additional cost to have a genuine
Exclusive Buyer Agent on your side. You’ll receive full
representation (not Dual Agency or Split Agency) with your
interests protected, and your financial information is kept
confidential.
A
traditional real estate agent or Realtor who works
for a company that "sells" real estate in Dayton,
Ohio
CANNOT guarantee to ALWAYS represent YOUR interests.
A
genuine Exclusive Buyer Agent WILL guarantee in writing to
"represent your interests exclusively throughout the
transaction
and help you negotiate the lowest price." .aaKiplinger's
Magazine
Which
real estate agent is the best
choice for Dayton, Ohio Home Buyers?
The
seller’s Realtor - who represents their seller’s
interests?
A "buyer agent" who is trained to "sell"
houses, and has listings to sell you?
A Realtor "representing" both the seller,
and you, the buyer, as a Dual Agent?
A Realtor who works at the SAME OFFICE as the seller’s
agent - a Split Agent?
Or a genuine Exclusive Buyer
Agent, who guarantees
in writing to represent only you, the Buyer, from start
to finish? |
