Whether you are purchasing your primary residence, a second home, or an investment property, it's a significant investment. This is why buyer brokerage is so important. In order to achieve the best results, you need an exclusive Sarasota buyer agent who works for and represents you, not just the transaction.
Finding such an agent can be an overwhelming task. Almost all licensed brokerages, over 99%, work for both buyers and sellers. Commonly, the buyer agent you thought was on your side, is more than happy to show you his own listings. Working for both you and the seller is clearly a conflict of interest.
The only way for an exclusive buyer brokerage or agent to represent both the buyer and the seller is by the use of a dual agency, which is illegal in Florida. The closest thing to a dual agency in Florida is a transaction broker. But again, they represent the transaction, not you!
What's the difference?
Almost all agents are buyer agents AND seller agents, meaning they work both sides of the fence. Less than 1% of Realtors are exclusive buyer agents. After all, it's very hard for agents (greedy or not) to pass on that million-dollar listing!
Exclusive buyer agents work for an exclusive buyer agency or brokerage. This means nobody in the entire company ever takes listings or works with home sellers. Utilizing the services of an exclusive buyer agent is the only way to ensure you'll receive 100% loyalty and confidentiality. This is critical when purchasing residential real estate in Sarasota or anywhere else in the country for that matter.
How good are they?
Most exclusive buyer agents are at the top of their game, with extensive education, practical experience, and local knowledge. And they represent to the extent that they owe you fiduciary duties. They are truly on your side, so why take chances with such an important purchase?
True Real Estate exclusively serves buyers of residential real estate in Sarasota County, Florida.
Need more information? Their broker is Bill True and his cell phone number is (941) 918-1956.
Happy House Hunting!