Frequently Asked Questions:
Can I work with more than one real
estate agent?
Absolutely, but I won't be one of them. I work hard
for my clients and all I ask in return is some loyalty. Its
not fair to me, or any agent for that matter, to do all the
research and analysis only for a client to write a contract
with someone else. When you work with multiple agents none
of them are really working that hard to help you find a
home.
How do real estate agents get paid?
Traditional real estate agents get paid from the
sellers proceeds of a sale? That figure is determined by
the listing contract and the coop fee in the Multiple
Listing Service. There are a small number of agents who
work exclusively with buyers and their business model
frequently has the buyer pay their commission and then try
and negotiate a price reduction with the seller to
accommodate having to pay their commission.
Can you only show me Long and Foster
listings?
No, all of the major brokerages belong to the
Multiple Listing Service and have agreements to show each
other's listings. There are a very small number of listings
that are exclusive to one broker. Also, keep in mind that I
can show you For Sale by Owner and New Construction as well.
I'm searching on the Internet but most
of the houses are not available when I call.
This is one of the most frequent complaints I get
from customers calling about properties they find on the
internet. The internet should only be one strategy you use
if you're serious about finding a home. The most important
strategy is to first select a real estate agent who will be
proactive in finding you a home. Your REALTOR® should be
emailing you listings as soon as they come into the MLS
system and before internet sites are updated.
Back to the internet sites...most of them
usually update their sites once a day. They are generally
good about putting new listings in but aren't as good when
it comes to updating a listing when a contract is accepted.
This is frustrating to customers who find a listing on their
favorite website and then call only to find out it is
already under contract. The information is free to you
and you're getting what you pay for.
The most accurate source of real estate
information is your REALTOR® who subscribes to the Multiple
Listing Service.
Will I be working with you or someone
else?
Good or bad its going to be with me. I'm not
part of a team and I only work with the number of clients I
can comfortably accommodate at one time. Of course there
are occasional times when I may not be available when you
want and in those cases I'll refer you to a qualified
Realtor that I know and trust who can help you
Will I have to sign one of those Exclusive Buyer
Agreements:
Yes.
If I don't sign an Exclusive Buyer Agreement but still
want you to work with me, can you do that?
No.
Can you help me get a loan?
Yes and in all likelihood I'll refer you to
Prosperity Mortgage.
Prosperity Mortgage is a company jointly owned by Long and
Foster and Wells Fargo Mortgage. Our office here in Crofton
is large enough to have a full time mortgage officer on
site. Her name is Ann Burke and she can be reached at
410-721-1500. Ann is equally qualified to help you out
whether you're a first time home buyer or have bought and
sold many times. If it doesn't work out with
Prosperity than we can go someplace else.
What if it doesn't work out between
us?
If it doesn't work out for whatever reason then we both
move on. I don't discriminate against clients but
there are rare times that I find that I cannot help them. Life is too short to put yourself through those
kinds of hassles. Whether its a listing agreement or a
buyers agency agreement you or I can cancel with one day's
written notice. Of course there is some protection built
into the listing agreement wherein if you cancel the
agreement you won't be able to sell the house to anyone that
crossed the threshold as a result of my marketing efforts
for a period of time. That's only fair.
Will you offer me a commission discount like the agent down the street?
"To obtain the highest price possible for your property, you need
someone who is a skillful negotiator-isn't that correct? So if you
hire an agent who can't even negotiate a full commission on their own
behalf, how effective do you think they will be in negotiating the maximum
price for your property?"
By the way...some Realtors down the street should reduce their commissions
:>)
How easy is it to reach you?
You will get all my numbers...office phone, home office phone, cell
phone, home phone, office fax, home fax, email addresses, web site.
When I'm not with a client I don't screen calls.
What's the best Web Site to use to search for homes?
From a self-serving perspective I would say this one. Here's the
deal...Realtor.com gets a lot of visitors every month but keep in mind real
estate is local. If you're interested in finding a home in Wyoming or
Texas than by all means visit Realtor.com. If you're interested in
finding a home in Maryland than search on my site. Sure Realtor.com
has more listings than any other site...but they aren't in Maryland where
you're looking to buy a home. I subscribe to Homesdatabase.com which
is owned by our local Multiple Listing Service. I believe that if
you're looking for the most comprehensive set of active listings available
to the public this is the place to be. |