Buying
A Pre-Owned Home
 Using an Exclusive Buyer's Agent (EBA)
Working with an EBA is very different than working
with a conventional real estate agent. Throughout
the process of buying your new home, your EBA will work to
establish a relationship based on trust, security, confidence,
and knowledge. An EBA is legally and ethically obligated
to protect you - the buyer - and
to represent your best interest when purchasing real
estate.
Buying an existing home is more than just locating a house
and buying it. There are many decisions to be made, and things to consider, including the following:
- Appropriate financing
- Size of the home
- Safe neighborhood
- Schools
- Zoning and restrictions
- Survey
- Title search
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- Appraisal
- Negotiating strategy
- Contract terms and conditions
- Home inspections
- Repairs
- Closing, possession, and more.
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If this process sounds like it might take more time, energy,
and expertise than you have, perhaps you should enlist the
help of an Exclusive Buyer's Agent (EBA).
Your homebuying process using an EBA typically begins with
a one to two hour consultation to identify
your wants and needs, as well as to explain the homebuying
process and to go over necessary paperwork.
Your EBA will help you decide how much you are willing
and able to spend on a new home. This includes examining
your current income and expenses, as well as past credit history,
to determine how much you can afford to invest in your new
home. Your EBA will determine the best features of
each property based on location, price, and compatibility
with your wants and needs. By screening each property carefully
before viewing it, you and your EBA will save time and energy,
and will allow your EBA to show you only homes that meet all
of your requirements.
After showing the properties, your EBA can help you determine
the best value, based on price, location, and features.
All of this is done with the buyer's best interests in mind.
The EBA will also perform a market analysis on the
property to discover the property's market position
relative to the other properties in the area and to general
market conditions.
When it comes time to make an offer, your
EBA can identify potential strategies, risks, and benefits
that can be used to negotiate for the best interest of you,
the buyer.
An EBA is obligated to perform with personal dignity, honesty,
fairness, and integrity. An EBA must always strive to adhere
to the highest principals of professionalism.
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