Buying a home is a large financial pursuit, while at the same time it can be a very emotional undertaking. It is arguably the biggest financial decision of many peoples’ lives and although you may feel that you know the Real Estate market in the area you are looking to buy, without representation you may be doing yourself a huge disservice. Here is why:
- A Davis Real Estate Group agent acts as the intermediary between yourself and the seller of a home. Without signing a buyer agreement with a Realtor, listing agents are not representing you. They represent the seller. So even if you identify homes that you like and call listing agents directly to view them, you are at a disadvantage because information that you disclose to those agents can and will be used against you. The smallest piece of information revealed on your side can leave you at a disadvantage when it comes to making offers and negotiating on the final purchase price. The bottom line is that those listing agents have listing agreements with the owners and therefore owe their sellers fiduciary responsibilities. Those fiduciary duties include reasonable care, loyalty, confidentiality, full disclosure, obedience and duty to account. This means that in speaking to a listing agent directly without representation, if you say something like “We really want to pay $550,000 but we can go as high as $625,000”, that will most likely be used against you. Since the listing agent is not your representative, they do not owe you any fiduciary duties. In this case they do not need to keep that information confidential. So, when it comes time to make an offer and the offer you make is for $550,000, the agent is free to share the information that you disclosed to them. So most likely that offer will be countered because the listing agent will share that information you revealed to them with their actual client (the seller) and advise that they ask for more since you have already told them that you can and would be willing to pay more for that specific property. There is a reason why most listing agents would rather just show people around that call them directly about their listings. It is because they know that they are not being represented.
- Even before getting to the point of making an offer on the property you can also put yourself at a disadvantage by disclosing too much information about yourself and the reasons you are looking for a home. For example, if you are out viewing properties on your own without representation and say something like “we really need to move as soon as possible” or “we are just looking around for the right home but are not in a hurry at all. We want to make sure we find the right home” then you may be hurting your chances of getting it. Although two different comments, they can be equally damaging for you since they may bias the owner when they are considering your offer or multiple offers. If the owner is not ready to move right away, the former comment may scare them into thinking they are going to have to hurry up and get out of the house if they accept your offer. On the other hand, if the owners are looking for a quick sale and hoping to close as soon as possible, the latter comment may make them skeptical of your seriousness to buy. Without the representation of an agent it is possible to reveal all sorts of information that could put you at a disadvantage should you want to buy the house. It can be something as simple as giving your opinion on the house or a specific part of the house that the owner finds offensive. At Davis Real Estate Group, we protect your information as well as your opinions and motivations and never share information with other parties unless directed by you, our customer. We keep a buffer between the seller and yourself having direct communication and protect you from unnecessary questions or interactions.
- The Davis Real Estate Group is not only a full-service brokerage, but with our sister company Sielken Davis LLC, we have 20 appraisers that work for the group and provide continuous and reliable market and valuation information on prospective properties. When representing you for the purchase of a home, as we narrow down properties for consideration, we will consult with our appraisers that cover that specific territory. We approach each purchase as a team including the company principals, agents and appraisers. This allows us to evaluate each property to determine which ones are the most valuable so that you can make the most informed decision possible based on market trends and sales that have closed in the market. This is an approach unlike other Real Estate Brokerages that rely on CMA’s of active listings and encourage making offers based on homes that have not closed.
The bottom line is that when you hire Davis Real Estate Group to represent you, we act as an intermediary and we protect you from the drama that comes with negotiations, home inspections, title issues, mortgage issues, etc. and make the process of buying a home a lot less stressful and a lot more enjoyable. Our goal is to find out as much as we can from you to understand your situation. We want to know why you are looking to buy and exactly what it is that you are looking for so that we can go out and be your advocate exclusively. We take on the buying of your new home as though we are looking for a home for ourselves. That is simply what we can provide to each customer as a boutique firm and not one of the giant brokerage firms. With some of the large brand name Real Estate brokerages, you lose simply because they have too many listings and your home is unfortunately just another house on their board. With us as your representative, you can be more relaxed and direct us as you please when it comes to negotiations and communications. The process of buying can feel a lot less stressful when you don’t have to deliver information yourself. Allow us to use our experience in negotiating and gathering information to get you the best outcome.
At Davis Real Estate Group, Broker Claudia Adamo and Managing Partner, Duane Davis are involved in every transaction and every relationship. Every customer is different and therefore has different needs. We look to exceed whatever expectations you may have in the home buying experience and use all the resources available to us to make the process smooth and efficient. If you are looking to buy a home, Davis Real Estate Group is the team you need for truly exclusive representation and advocacy. We make the home buying process easy. Having us as your representatives gives you the leverage necessary to mediate the transaction and in the process potentially save you thousands of dollars.