Brighton Michigan Home Buying

Home Buying thoughts from some experienced buyer agents who serve the Brighton, South Lyon, Howell, Pinckney, Hamburg and Hartland areas. (Livingston County and Western Oakland County)

Friday, January 18, 2008

Definition of Exclusive Buyer's Agent

There is a scam going on now in some markets where regular real estate agents (designated agents in most of Livingston County) are telling buyers they are:

1. Buyer's Agents

or worse yet:

2. Exclusive Buyer's Agents

Here is the definition for Exclusive Buyer's Agency used by both the National Association of Realtors and by the National Association of Exclusive Buyer's Agents:

"Exclusive buyer agency -- The practice of representing only buyers and never sellers in a transaction. The company never lists a seller's property and thus never has a seller as a client. Agents never accept subagency that is offered by a seller's agent."

Unfortunately a lot of local Brighton real estate agents don't really know much about buyer agency much less exclusive buyer agency, but it can make a big difference to you as a home buyer.

One example: Because an EBA only represents buyers and does not have in-house or company listings, a seller is always unaware of the price buyers are willing to spend during the negotiation process, bringing the advantage back to the buyer and the buyer's wallet. For this reason alone, it is very common to save thousands of dollars during the critical negotiation process.


Thursday, January 3, 2008

Getting a feel for Brighton from those who have passed

If you are coming to the Brighton area from somewhere else it is sometimes a little hard to get a feel for who is who and what impact they have on Brighton Michigan life.

I ran across this article in the Livingston Daily and thought it was really interesting. (However I believe the dates are 2007 and not 2006)

The article is titled "Year in Review: Community says goodbye to notable figures" and the link is above.