Why you need your own Realtor?

Published By: on August 4th, 2011 in Category Nanaimo Real Estate News
Published By: on August 4th, 2011 in Category Nanaimo Real Estate News

Your Realtor has a legal relationship with you know a “Agency”. The means that your Real Estate Agent owes you his or her loyalty, must obey your (legal) instructions and is responsible for the careful stewardship of your money and property within the context of a real estate transaction.

There are usually 2 Realtors involved in each sale. The listing Realtor represents the sellers. He or she lists the property on MLS, markets the property, arranges showings and negotiates the best possible price and terms on behalf of the sellers. The buyer’s agent searches for suitable properties for the buyers, arranges showings, presents the offer to the sellers and negotiates the best possible price and terms for the buyers.

As you can see there is an inherent problem created when the listing agent (who has a duty of loyalty to the sellers), offers to act on behalf of the buyers too.  This is, in fact, legal to do this, but clearly there is a conflict of interest between what is best for the buyer and what is best for the seller.

When you see a property for sale that interests you, do not call the  Realtor on the sign.Call your own Realtor, or get your own Realtor by calling me, Love Real Estate Group at RE/MAX of Nanaimo, or call your local RE/MAX office and speak to the person on duty. Just get someone that will negotiate on your behalf with only your interest in mind.

Testimonials

We really appreciated Lisa’s help finding the perfect condo for us in Nanaimo. Lisa was a pleasure to work with, responding promptly, cheerfully and efficiently to even the smallest request. She worked tirelessly to get us familiar with different neighbourhoods and to consider different options. Even after the sale was completed successfully – which she facilitated professionally and expeditiously – she was always available to help. Working with Lisa was a great experience.

Alison MacPhail

When I decided to sell my home in Cedar by the Sea last April, I asked Love Real Estate Group to list it. Within a week, I had offers and a purchaser. Next, Love Real Estate Group showed me a number of potential residences that could meet my needs. Within three weeks, I was very interested in buying a townhouse, made an offer and it was accepted. I was very impressed with Love Real Estate Group’s manner in which they dealt with me. Their advice, professionalism and prompt service were especially appreciated. I would highly recommend these Ladies to others if they are seeking either to sell or buy a home. Thanks again Love Real Estate Group.

Al Cormon