The Value of Exclusive Buyers Representation

If you would like to get the highest quality of service and be assured that your agent will be actively looking for your dream home, sign an exclusive buyers agency agreement with an agent. This should be an agent you're confident will find your dream home in your price range, and make the transaction go through as smooth as possible. Make sure this agent is a one-stop shop. What I mean by that is make sure that they have every kind of professional that you'll be in need of on speed-dial, whether it be mortgage brokers, attorneys, home inspectors, moving companies, you get the picture.

If you do not sign an exclusive agreement with an agent, they'll essentially have no incentive to take time out of their day to actively seek out the best deals for you because they'll have zero assurance that they'll get paid on the deal. Look at it this way, would you go to work every day if your boss couldn't assure you that you'd be paid? Most likely not. And that is the same here, as a client you are essentially an agent's boss and they only get paid if they close a deal with you. It's in your best interest to have an agent that's committed to you. Keep in mind you're not paying a penny to this agent, the agent gets paid through the seller's commission. The only way that you're liable for any type of payment to the agent is if you break your agreement by going behind the agents back and purchasing a property without their representation.

Just a little side note, when buyers sign exclusive agency agreements with me, not only am I actively seeking out the best deals for them and finding the bottom lines on properties, I am also calling around homes off the market that are looking into offers. By contacting these owners of homes off of the market, I am finding you deals where we will essentially be bidding against ourselves, we'll have an owner paying a lower commission, and in turn it results in my buyers getting great deals that they wouldn't find elsewhere. Keep in mind, I only do this for my buyers who sign exclusive agency agreements with me.

If you're serious about finding a home and you want the highest quality of service, it is in your best interest to sign an exclusive buyers representation.

As always if you have any questions, feel free to e-mail me KyleKovats@Gmail.com

-Kyle Kovats, New Jersey Realtor