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From: Mike .
Part 5 of the 9 biggest benefits of getting a buyer agent
From: Ross
Date: 12 Feb 2001
Time: 16:34:47
Hi All,
Well... i thought i'd continue the buyer agent string. Since, "The Wife" has issued a challenge. She asked, "No I'm serious, how does it help?" So here's Part 5 of 9...
# 5 You’ll save money with a buyer agent. Why? Because you’ll get a negotiator on your side ...
Do you really want the lowest possible price?
Remember, only a Buyer Agent can negotiate on your behalf and negotiate to protect your financial best interests. A huge amount of money can be saved, with a little preparation and a basic knowledge of property negotiations. Most importantly, your buyer agent is your property negotiator and they use proven strategies that get results.
Don’t forget... your buyer agent’s job is to get you the lowest possible price, on the best terms possible. Your buyer agent will therefore use all their bargaining talents, to negotiate for you. (A skilled buyer agent knows how to apply the three core negotiating variables. These are power, information and time.) And this gives you a real advantage when you buy by “private treaty” or at “auction.”
In addition, your buyer agent provides an emotional barrier. This allows you to make a better buying decision because everything you do will be based on fact and prior planning. Not emotions. Your buyer agent is also your negotiating buffer and this screens you from all selling techniques, until you’re ready to conclude your negotiations.
Negotiating is an art and price is not the only negotiable item
Your buyer agent also knows how to get you a little bit more. You can also benefit with some additional inclusions, some creative financing, assorted concessions, flexible settlement arrangements, seller repairs and other negotiable points. Your buyer agent will build the strongest negotiating position and will structure the transaction to benefit you.
How to save $12,000 when you buy your next home *
Buyer Agent v. Seller Agent
Buyer Agent works for you or Seller’s Agents work for the seller
Asking Price $ 200,000 Asking Price $ 200,000
Negotiated Saving 9 % Price Reduction 3 % Bought for $ 182,000 Sold for $ 194,000
“That’s a $12,000 saving on a $200,000 property... if you had a Buyer Agent !!!”
* Save Money !!! Evidence suggests that a Buyer Agent can negotiate a lower sales price and better contract terms. For example, an informal study of 232 employees by US Sprint found that the transferring employees who engaged their own buyer agent saved an average 9% off the asking price, verse 3% for all other home buyers.
(Source: Business Week, 11.9.95, p130)
Ross Sondergeld ~ Buyerside Real Estate
LREA, QC.RE, Dip.Bus, B.Bus, PGDip.Property
Part 5 of the 9 biggest benefits of getting a buyer agent
From: Ross
Date: 12 Feb 2001
Time: 16:34:47
Hi All,
Well... i thought i'd continue the buyer agent string. Since, "The Wife" has issued a challenge. She asked, "No I'm serious, how does it help?" So here's Part 5 of 9...
# 5 You’ll save money with a buyer agent. Why? Because you’ll get a negotiator on your side ...
Do you really want the lowest possible price?
Remember, only a Buyer Agent can negotiate on your behalf and negotiate to protect your financial best interests. A huge amount of money can be saved, with a little preparation and a basic knowledge of property negotiations. Most importantly, your buyer agent is your property negotiator and they use proven strategies that get results.
Don’t forget... your buyer agent’s job is to get you the lowest possible price, on the best terms possible. Your buyer agent will therefore use all their bargaining talents, to negotiate for you. (A skilled buyer agent knows how to apply the three core negotiating variables. These are power, information and time.) And this gives you a real advantage when you buy by “private treaty” or at “auction.”
In addition, your buyer agent provides an emotional barrier. This allows you to make a better buying decision because everything you do will be based on fact and prior planning. Not emotions. Your buyer agent is also your negotiating buffer and this screens you from all selling techniques, until you’re ready to conclude your negotiations.
Negotiating is an art and price is not the only negotiable item
Your buyer agent also knows how to get you a little bit more. You can also benefit with some additional inclusions, some creative financing, assorted concessions, flexible settlement arrangements, seller repairs and other negotiable points. Your buyer agent will build the strongest negotiating position and will structure the transaction to benefit you.
How to save $12,000 when you buy your next home *
Buyer Agent v. Seller Agent
Buyer Agent works for you or Seller’s Agents work for the seller
Asking Price $ 200,000 Asking Price $ 200,000
Negotiated Saving 9 % Price Reduction 3 % Bought for $ 182,000 Sold for $ 194,000
“That’s a $12,000 saving on a $200,000 property... if you had a Buyer Agent !!!”
* Save Money !!! Evidence suggests that a Buyer Agent can negotiate a lower sales price and better contract terms. For example, an informal study of 232 employees by US Sprint found that the transferring employees who engaged their own buyer agent saved an average 9% off the asking price, verse 3% for all other home buyers.
(Source: Business Week, 11.9.95, p130)
Ross Sondergeld ~ Buyerside Real Estate
LREA, QC.RE, Dip.Bus, B.Bus, PGDip.Property
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