Spokane Home Buyers

Why does a home buyer need an Exclusive Buyer’s Agency (EBA)?
Using an EBA is the only way to insure that you, as a buyer, have a realtor looking out for your own interests. This will save you money!!!

How does an EBA save a buyer money?
Other realtors are legally obligated to get the best possible terms and price for the sellers. Consumer Reports wrote: "Home buyers may not realize that the friendly real estate agent who may show them dozens of homes, and shared their secrets with, is legally obligated to use that information to help get the best possible terms and price for their sellers." (July 1997)

Who pays for EBA services?
Sellers. EBA fees are (like any other realtor fees) included in the purchase price and mortgage financing. If you choose not to use an EBA, the seller's agent may make twice as much commision for not representing you. To be more specific, the fees come from the transaction which the buyer brings the money into. When a seller lists their home with a listing office, they agree to pay a fee to any agent that brings a buyer to the home, regardless of whom they represent. This is how we noramlly are paid. There are other circimstances and options that we can discuss in person with our clients.

What if I am still not convinced?
Consider this: "A recent study by U.S. Sprint found 233 relocating Sprint employees who hired buyer brokers paid an average of 91% of a home's list price. People who used traditional agents typically pay about 96% of a home's list price. On a house priced at $150,000, that's a difference of $7500." Money Magazine

What's the Catch?
There is no catch. You pay no money up front to your EBA. If you are not happy with their services, you are welcome to go back to the realtor who has the seller's best interest at heart.

Your Exclusive Buyer’s Agent will not:
•Show you homes that have not been previewed.
•Give preference to other clients with whom they have home listings.
•Expect you to do the leg work to find your new home.

Your Exclusive Buyer’s Agent will:
•Represent your interests and your interests alone.
•Save you money.

Did we miss your question?
Call or email us for the answer.

HOME BUYING TIPS
•Work with an exclusive buyer's agent. This will assure you of being educated within the marketplace from an unbiased party. You will learn home values to help you to make a reasonable offer. •Write an offer based upon what the home is worth, not based upon what the seller thinks it is worth. Spokane Home Buyers will help you do that. We do not sell homes—we help you buy them. •Get pre-qualified for a loan. This gives you leverage when you go to the negotiating table. The seller needs to know that you have made application and already turned over all of the applicable documents including tax returns and bank statements. •Have your home sold before you write an offer on another home. Exceptions to this would be if you can comfortably carry two mortgages if necessary and would be willing to remove the contingency on the sale of your home if required.	•Only use a bridge loan if you can confidently say to yourself that if your first home has still not sold within a year, you will still be glad you did it. Bridge loans are designed for the Realtor's and seller's benefit—not the purchasers. •If you prefer, in exchange for a retainer fee (optional) Spokane Home Buyers will credit back a portion of their fee at closing. If you are 100% certain that you are purchasing a home in the coming months and make a commitment to work exclusively with Spokane Home Buyers, this could save you thousands at the closing table.
HOME SELLING TIPS
With over 2000 Realtors in the Spokane area, selecting a listing agent and office can be a difficult and important task. After over a dozen years of being involved in Real Estate transactions with almost every office in Spokane and 100's of Realtors, we have some unusual, candid and unbiased insight as to who can best represent your interests. When we opened in 1997 we needed someone to take care of our clients with homes to sell. We went through the entire roster of Realtors, selecting those that had a combination of the following qualities: •Extensive experience, 3+ years in Real Estate. •Excellent reputation within the Real Estate community. •Offices with good brokers and management. •Good rapport with current and past clients. •Realtors that we had seen put their client's interests before their own. If you have a home to sell, and you want some unbiased insight about who to call, call us first.	•Do not list your home for a period greater than 120 days, in a fast market, 90 days should be sufficient for you to either sell your home or at least enough time for your listing Realtor to prove their worth. •Do not list with a Realtor that you do not feel you would be able to sit down and enjoy their company through a long dinner. •Do not list with a Realtor that you have any difficulty reaching by phone. If you call a Realtor and they do not return your call until the next day, imagine what is happening when potential buyers call on your 'for sale' sign or newspaper ad. By the time they return the call, the buyer has called on another sign and is being toured around by another Realtor, looking at other homes! •Do not list with a Realtor until you call at least 3 references of past clients, and 3 references of Realtors that they have worked with in the past few months. The quality of a Realtor can often be discovered by the praises of their competitors. •Do not fire a Realtor because your home has not sold. The seller in almost every transaction ultimately sets the price, condition and availability of when the home can be seen. These are the three most decisive factors in receiving an offer. •Do fire a Realtor for lack of communication, misrepresentations, unfulfilled promises, obvious inexperience, bad advice, or if at any time you felt you were not told the truth.