When it comes to Buyer Agency, there are several questions
that just about everyone wants to know the answers to. We have compiled those
here for your review. If we have failed to answer a question you may have, please
contact us and ask your specific questions. We'll be happy to
respond to your inquiry.
Q. Won't it cost me more to use a
"Buyer's Agent" than a traditional agent?
Not at all. In fact, in most cases, through our multiple ways for
helping you negotiate the best possible price, terms, rates, and closing fees,
we'll actually end up saving you money. In fact, we offer you a Written
Guaranteed Savings Pledge! To learn more about our guarantee, just contact
Can a Buyer's Agent represent me if I buy a "For Sale By Owner"?
Yes. The Buyer Agent discloses to the seller that he or she
is representing the buyer and normally the seller is receptive to paying our fee.
Q. Why would a Buyer
Broker work for a better price for the buyer if the agent is working on
A. In the usual commission split between a broker and an
agent, a $5,000 difference in price only results in a minimal difference in
the commission the agent receives. Good will and word of mouth advertising are
much more valuable to us, not to mention the agent's legal obligation to
represent the Buyer's best interest.
Q: Some agents say they can
represent both me and the seller. How can this be?
A: You be the
judge. If you were selling a home, would you want to list it with an agent who
represents the buyer? Of course you wouldn't, not any more than you would want
to be put in a position of having to divulge your personal finances to an agent
representing the seller. What buyers usually don't understand, is that when an
agent shows a buyer any home listed with that agent's firm then, typically, that agent and
his or her firm, is either obligated to protect the best interests of the
seller...has to go neutral because of dual agency...or has to become what is known
as a Designated [Buyer's] Agent. [Click Here] to learn more about the problems with Designated Agency.
Q: Can a Buyer's Agent tell me
if I am paying the right price for a home?
A: Your Buyer's Agent should research previous sales to
determine the value of a particular home in a given neighborhood. Completing a
competitive market analysis will help determine the price you should pay.
Q: Does Excel-Exclusive Buyer
Agency have access to all resources like the Multiple Listing Service?
A: Absolutely yes and even more! We belong to the South
Central Wisconsin Multiple Listing Service, so we can show you homes listed with this service.
In addition, since we represent you, and never sellers, we regularly show
homes that are "for sale by builder" and "for sale by
Q: Isn't the agent who shows
me homes always representing me by law?
A: Not in Wisconsin! The only way to have a
buyer's agent here is to contract with a buyer's agent. You see, agents who list property
enter into a signed
contract with the sellers to represent them in the sale of their property.
This same contract permits the listing agent to use seller "sub-agents"
to help secure a sale. Unless you have a written Buyer Agency Agreement with a real
estate agent promising to represent only YOUR best interest, you will find
yourself working with an agent who is obligated to act in the best interest of
If you have other questions about Buyer Agency, or how
Excel-Exclusive Buyer Agency can help you, please
contact us right away.