One of the great things about being an Exclusive Buyer's Agent

Regular real estate agents are faced with conflicting loyalties almost every day.

I was speaking to an agent today who lists a lot of foreclosed homes and she was talking about showing those properties to people. Now this is a nice person, but I know she isn't going to be telling those potential buyers what to look for and how to negotiate against her own seller. Even if they are an institution they are a repeat customer. I know she's conflicted.

On the other hand since we are an exclusive buyer agent we only work for home buyers. (Exclusive buyer agents are real estate companies who never list homes and never represent home sellers.) We never have to hold back critical negotiation information from the buyer.

Another example from that same agent. We were helping a buyer buy one of her listings that was a foreclosed home. Our buyer was paying cash. (No loan)

The lender who was selling the home insisted on using their own title company and when we saw the closing documents the title company wanted to charge the buyer $425 for a closing fee. This was completely outrageous. But do you think the listing agent is going to say anything and risk losing this source of business??? Not a chance.


I love helping buyers and being loyal to buyers!

Relocation Company announces bankruptcy

The nation's fifth largest relocation company, Sirva, filed for bankruptcy in an effort to reorganize last week.

Relocation companies do provide an important service for employees that are relocated by their companies. 

And....

They can be really obnoxious to deal with if you are a home buyer.

What Happens to the First Buyers When Developers Stop

Here is a good article on the challenges faced by buyers of new construction when a builder stops building in the middle of a subdivision.

Remember that real estate does go in cycles.

It is just a challenge working and living in between the peaks and valleys!

I can't count the number of times that I've cautioned buyers about buying in new developments.

That is part of what we do as the largest Exclusive Buyer's Agent in the Western Wayne County area. (We also help people buy in Washtenaw, Western Oakland, and Livingston Couties.But no matter how much homework you do the marketplace has a big impact.