We are Buyer Agent Specialists - Exclusive Buyer's Agent
You Now Have a Choice! Choose the Nashville TN buyer agents that stands out from the crowd!
The ones that specialize in relocation to Middle Tennessee!
We work exclusively for YOU! It’s a Legal Issue - read and understand the Difference! It's the buyers choice in real estate!
In Tennessee, prior to 1993, the “policy of agency” (who an agent represents) was that both the listing agent and the selling agent represented the seller (who paid the commission). It was very much a “caveat emptor” situation. Buyer Beware!
Today, however, in most cases the listing agent represents the seller, and the buyer agent represents the buyer. Sellers still pay the commission, but it is paid to the listing brokerage…who in turn pays the buyer’s agent. Click here to better understand the players in this game of monopoly.
Now it gets a bit confusing. If you, the buyer, calls the number on a real estate sign…or answers an ad for a property, you will most likely be speaking with the seller’s agent. This agent has a legal contract with that particular seller to obtain the best possible price and terms for the property. BUT WAIT! Don’t you want the best possible price and terms for yourself? How can one agent work on both sides of the fence? They can’t! It’s a direct conflict of interest. But, it can be done. Both you and the seller will be asked to sign an “Confirmation of Agency Status” form that states that you understand that the agent will now become a “dual agent” or “facilitator”, which means that they can’t legally represent either one of you…..but only handle the paperwork. Who wins in this situation? Not the seller – he thought he was going to be represented. Not the buyer – because no one is on his side. But the agent gets paid double!! They receive both sides of the commission. What a deal!You can avoid this situation by using the services of a buyer agent.
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“Don’t gamble with your hard-earned money! Find an agent that will totally represent YOU – 100%. Someone that will negotiate on your behalf to insure that you get the best possible price and terms for your new home! Someone with no possible conflict of interest with the seller!”
-Pam Rumley |
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Who actually owns the listing contract? Not the agent that listed the property! The real estate company owns it. Therefore, any agent that works for that brokerage is actually an agent for the seller. The State of Tennessee does allow the principal broker to appoint a buyer’s agent for prospective clients. But the water gets a little murky in the process. Who’s to say that your information or finances aren’t discussed over the water cooler? “How much do you think they’ll increase their offer?” “What’s the most they can pay?” It happens all the time. They’re not supposed to talk…but human nature is what it is. Or what about the fact that your file is right there in the office for other agents (the listing agent) to see? Think about it! Having your own Buyer's Agent simply makes sense in a real estate transaction.
It's easy to compare services for different types of agency relationships. Please visit our glossary for any unfamiliar real estate term.
Have you ever noticed that agents like to show you their (or their company’s) listings? If the agent sells his/her own listing, their pay is doubled. And most companies offer a bonus to the agent if they sell a company listing. Always be aware of the motivation. Exercise your buyers choice in real estate! Use a buyer agent.
We are now enjoying our new home and wonderful lake views of Old Hickory Lake....thanks to Pam Rumley. She pointed out the lot to us when were looking to relocate from Indiana. She went out of her way to walk and help us measure the lot to see if the home we wanted to build would fit. Once we determined that it was a suitable building site, she went to work to present our offer to the seller. We appreciated Pam's valuable advice and professionalism and highly recommend her to your service! -Bill and Angie Peters |
As your Nashville Tennessee Buyer Agents, we will inform you of all pertinent information we can gather regarding the home or the seller. We will provide you with comparables so you can determine the true value of the property. You will always be assured of complete confidentiality and accountability.
We're ready to help you today...and welcome your phone call - even if you're not quite ready to buy just yet. Let's get acquainted so we will be able to answer your questions or concerns. Please contact us by email or call me direct 615-428-8500..... or 615-206-8445.
