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Why Buyer Agency?
Every client should be afforded the opportunity to have an advocate in the purchase of a home. Did you know if you do not have a signed Buyer Agency Agreement ( WB-36 ) with your agent, the agent in the State of Wisconsin is required to work in the seller’s best interest?
http://images.wra.org/splvod/pdf/july2012/chapter1.pdf
We believe at Mahler Sotheby’s International that every good client relationship should start with a meeting. So, we strongly suggest your home purchasing journey with us begins with an initial buyer consultation. It is very important to us that you understand the buying process and your agency relationship with your broker, before we ever show you a home. Most people only purchase a home a handful of times in their lifetime. The process has changed over time, so whether you are a first-time home buyer or a seasoned purchaser of real estate, this meeting will be very important in educating you on the process and setting the tone for negotiations in your purchase of real estate.
The Offer to Purchase ( WB-11 ) has been recently revised, is 10 pages long, and has a mandatory use date of January 1, 2020. The changes and the order of the document are significant.
Choosing Buyer Agency affords your agent the ability to negotiate in your best interest, seek out the home of your dreams and helps you identify details of purchasing you may not fully understand. Buying an older home in Door County? You may need the advice of your buyer’s agent to help you navigate old basement foundations, chimney masonry, septic system, well and the home’s history. If you are a first-time home buyer, having an advocate in your process may be critical as you make the most expensive purchase of your lifetime. Make sure you have a sit-down meeting with your agent before you begin the process of buying your first home.
What is BUYER'S AGENCY?
Buyer Agency is a contract ( WB-36 ) that a buyer signs with a broker to be the exclusive agent for a buyer’s property search. In order for the broker to be able to give opinions or advice in writing an offer and negotiations, there needs to be a signed buyer agency agreement. The Broker in this capacity, works as the buyer’s fiduciary in the transaction. NOTE: Without the Buyer Agency agreement, the agent owes allegiance to the seller.
“When you strip down buyer agency to its bare bones, it’s a buyer’s opportunity to have an agent provide them opinions and advice regarding the properties covered under the agreement. When the buyer asks, “how much should I write the offer for?” a buyer’s agent can respond with a specific number or advice. This is in contrast to an agent working with a buyer customer, who can only respond in general terms, such as, “submit your best offer.” It’s all about the client relationship the buyer agency contract creates.” – Cory Lamont | WRA Attorney
Regardless of the agency agreement, there are certain things ALL agents MUST do for a buyer:
- Protect your confidentiality
- Treat you honestly and fairly
- Respond honestly and accurately to questions concerning the property
- Provide community data and current market conditions
- Present contract proposals in an objective and unbiased manner
- Accompany you to the closing and assist you through the process
- Disclose material adverse facts about the property
The additional services you receive by entering into a buyer agency agreement with an agent are:
- A professional opinion of the seller’s asking price, based on a comparable market analysis prepare for YOU.
- Assist YOU in negotiations strategies in your best interest
- Critique a seller’s property for you, beyond the required disclosing of defects
- Advise on, write the offer and draft provisions in YOUR best interests
We hope this blog post provided insight for you in the pursuit of your real estate. The iLoveDoorCounty.com team is here to help assist you with any questions you may have regarding the purchase of real estate. Please feel free to reach out us with any questions.
- David Kaster, Broker Associate, Mahler Sotheby's International Realty
Buying a Home in Door County, Wisconsin
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That’s right! We do not charge the buyer a fee to purchase a home. Since the seller pays us a commission, all of our services are of no cost to you. You’ll still get the amazing service that we offer; you just don’t have to pay for it! Don’t look on your own for the perfect property. Give us a call and let us help! Contact Us Today.
The Home Buying Process
For most people, buying a home is the biggest purchase that they will ever make, and, they might be living in that same home the rest of their life. So, you don’t want to leave the process to chance and hope you get a good deal. The home buying process has become more and more complex over the years. If you don’t know what you are doing, it can be a long and stressful road.
Give us a call and we’ll walk you through the Door County buying process. Contact Us!
Top Reasons to Buy With The David Kaster Team & iLoveDoorCounty.com
- Get access to all the listings in the Door County area.
- Know all the facts on properties you're interested in.
- Negotiate with the help of a professional real estate team.
- Financing will be a breeze, we have GREAT lenders that we work with.
- Make a solid investment that pays off down the road.
Every day, more and more homes get listed in the Door County market. As your agent, we’ll be contacting sellers and other real estate professionals to make sure that you get access to every possible listing, even the ones that haven’t been made public. In addition, we’ll make sure that we only show you properties that meet your specifications so that you don’t waste valuable time looking at properties you don’t want or can’t have. As you compare the listings that we’ll find for you, we’ll give you other important information to help you make a decision like zoning, neighborhoods, utilities and future development.
Negotiating is part of any real estate transaction and it can be a stressful process. Not when you have The David Kaster Team working on your side; we will ensure you’ll get the best deal that we can possibly make for you. We’ll also be there when the property is inspected and make sure that the seller honors any agreements or repair or renovation work. We’ll also take care of the paperwork. If you need financing, we have a great network of trusted local lenders that will get you a great rate, and get the job done on time.
When you work with a dedicated team, purchasing a home is easier than you ever imagined. We’ll save you time and money and you’ll be confident that you’ll be getting everything you want at every step of the process. You want to make a solid investment and we’re here to make sure that happens to give us a call today or Contact Us with any questions you have.
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Register for the Home Finder and let your dream home come to you. Members can also create saved searches, collect their favorites and sign up for instant email alerts when new homes that fit their criteria come on the market.
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• Connect to a Professional: Contact Us anytime you need to know more about the area or any property that interests you. When you're ready to take the next step toward purchasing a home, we're here to help.
