Tuesday, April 08, 2008

Loyalty, it works both ways

OK, you have decided to jump back in to the market and buy one of those bargain basement houses out there.

You're driving around calling on every real estate sign you can see that may be in the price range you are looking for or you're on the Internet like crazy.

Stop, take a deep breath, and think about what you are doing.

You are spending hours of your precious time and probably enough gas to make a mortgage payment to do something others would gladly do for you.

There are number of Realtors in the Sarasota, Manatee County areas who are buyer's specialists/agents. All they do is work with buyer's trying to find the best property for the best value.

I'm one of them. I work on a team with three others.

National statistics show it takes considerably more time for agents to work with buyer's then seller's. You will find quite a few agents who don't like working with buyer's, they often use the expression "buyer's are liars."

That is wrong headed thinking. Buyer's are people we sit down with and talk to them about what they want and need in a home. We help find them the appropriate financing and guide them through the home buying process.

On our team we ask them to sign a buyer brokerage agreement. We refer to it as a customer loyalty agreement.

Often clients say they are in contact with four or five agents. Think about this. Do you really think those four or five agents are doing their best and giving their all to someone who is playing Realtor Roulette?

On our team for instance the buyer's agents only work with a couple of clients at a time. Yes we do have business coming in.

The reason is to do it right it takes a lot of time, effort and research to find clients the appropriate home particularly when there are literally thousands to chose from.

Which is why we have clients sign a buyer brokerage agreement, it basically says our brokerage will get paid after we put all the time and effort into finding a buyer a home.

We're loyal to our clients and they give us the same in return.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com

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