Press

Kiplinger's Personal Finance Magazine
Buying A Home
by Elizabeth Razzi

Exclusive buyer's brokers work only with buyers and don't take listings. They're obliged to help you find the best deals and lowest price. Unfortunately, agency standards have changed so much in the past ten years that real estate agents themselves are likely to be confused about their obligations to buyers and sellers, even though in most places they are supposed to give you a disclosure form explaining your relationship. Bottom line: You don't truly have an advocate in your corner unless you both sign a contract saying so.

Money Magazine
House Hunting? Save by hiring your own Broker
by Carla A. Fried

If you ever doubted the value of real estate agents who work solely for home buyers (as opposed to traditional agents who report to sellers), consider this: A recent study by U.S. Sprint found that 232 relocating Sprint employees who hired buyer's brokers paid an average of 91% of a home's list price. People who use traditional agents typically pay about 96%. On a house originally priced at $150,000, that's a difference of $7,500.

Do I need a buyer's broker to help me buy a house?
by Lisa Scheer

A new breed of broker, known as an exclusive buyer's agent, acts as your advocate. Like a traditional broker, an exclusive buyer’s agent steers you toward attractive homes and helps you scout out banks or mortgage companies, where you can borrow what you need to make the purchase. Unlike a traditional broker, however, the exclusive buyer’s agent guarantees to protect your interests in negotiations with the seller on the price of the house and any necessary repairs.

The New York Times
About Real Estate: More Agents Represent Home Buyers
by Diana Shaman

Buyer brokers say they can negotiate the best price for their clients. "We act in a sense like an attorney or an accountant to protect the buyer, so that they can make an informed decision and buy the best home for them," Mr. Hathaway, the Memphis broker, said.

Although there are variations, the buyer broker generally receives the same amount as a seller broker's subagent who produces a buyer. The amount that the seller receives for the home is the same as would be the case if the home's purchaser had been found by an agent representing the seller. Representation is something buyers could and should have had all along, said Maureen F. Glasheen, a former general counsel to the New York state Department of State and now a business and legal consultant in Albany.

The Wall Street Journal
Exclusive agencies are the best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place.

SmartMoney Magazine
To Buyers: If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers, states The Consumer Federation of America. Groups such as the Consumer Federation of America and AARP recommend using buyer's agents.

U.S. News & World Report
Buyer brokers: agents that buyers can call their own...If your real estate agent isn't a buyer broker, he works for the seller…Buyers no longer have to fend for themselves.

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Advocates For Homebuyers
4801 Tradition Way
Colfax, North Carolina NC (USA) 27235
336-480-4500

Email: horace@nhbdream.com

Visit our office located in Colfax North Carolina (we are located one block off of Hwy 66)