1135 NELLIS #17 WOODSTOCK
VERY QUIET AREA, BACKS ONTO SINGLE DWELLING HOMES. THIS 3 BDRM SPACIOUS TOWNHOUSE FEATURES NEWER FLOORING ON MAIN FLOOR - VINYL AND WOOD LAMINATE, RECENTLY PAIN ...
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Real Estate Agent |
RAINER 1,779 |
| Karen Price | ||
| location_on Woodstock, ON — Sutton Group Right Way | ||
| web Karen Price's (412ne) Blog | ||
Get to Know Karen Price
I would like to take this opportunity to introduce myself, my name is Karen Price. I would like you to know that as a Real Estate Sales Representative with Sutton Group Right Way Real Estate 2007 Inc., I am here for all your needs. I have completed extensive schooling with The Real Estate Licensing courses required under the Real Estate and Business Broker's Act.
I am proud to be born and raised in Woodstock and raising my child in the wonderful community. Growing up I worked in a family business Scott's Meat Market. When raising a young child I opened my own business in my home as a Professional Dog Groomer. I know the neighborhood, love the community and know what hard work is all about.
I have enjoyed being part of our community and look forward to many wonderful years in Woodstock. WHAT A GREAT CITY! As Woodstock and the surrounding area starts to blossom, let me assist you in finding your home.
I would greatly appreciate the opportunity to further discuss your Real Estate needs. Thank you so much for taking the time to get to know a little about me. I look forward to getting to knowing you too.
Certifications
One of the hot topics facing the world of real estate right now is the issue of agency. Some would have you believe that it really doesn't affect you, the buyer, and that nothing much has changed. But they are wrong.
The topic of agency is important to you because it answers the most basic and fundamental question that can be asked of any real estate professional: Who do you represent in this transaction?
Until that question is answered, you may be left with the impression that all agents who work with buyers actually represent those buyers, and that you have somebody going to bat for you in this transaction. Well, the issue of agency is important because without it, we can never be sure who represents who.
Listen to this:
You meet a really nice agent at an open house named Bonnie. Even though Bonnie's house is not right for you, she tells you she has others to show you that fit your needs exactly. You spend an hour or so with Bonnie looking at a half dozen homes and talking about your needs and your wants. During the course of the conversation, you volunteer that you have $100,000 cash to spend and that you will not go over $100,000 purchase price no matter what. Then you find the perfect house. Asking price is $100,000 but you decide to offer $92,500 based on recent sales in the area. During negotiations, the seller asks Bonnie directly how much cash you have and how high will you go? What does Bonnie say?
Here's the answer: Unless you have signed a "Buyer Agency Agreement" with Bonnie making her your buyer agent, she is most likely acting as a sub-agent to the listing broker who represents the seller. If that is the case, she has a fiduciary obligation to the seller to disclose to him any information she has that might "promote or protect his interest" in the transaction. Guess what? Bonnie has that information.
The Seller, now having knowledge of your financial position, counters at a full $100,000. He knows you can afford it and that this price falls within your desired range. He also knows that you have seen a number of other homes and that his is the one you want.
Needless to say how this ends, it can hardly be called an even playing field. So, how can you protect yourself from this:
Make sure that the agent you are working with has agreed, in writing, to represent you as a "Buyer's Agent." This will mean signing a buyer brokerage agreement in which you promise to work only with that particular agent for a specific period of time, often 90 days. It also means that you promise not to buy from anybody else, even FSBOs, without involving your buyer's agent. In some cases, the commission will still come from the seller, but your agent must present the offer and ask the FSBO to pay the buying side commission and get it in writing.
Never say anything to anybody unless you would be willing to have that information repeated into a seller's ear. Assume that everybody, and I mean everybody, is working for a seller unless you have specifically hired them to work for you. And even then, be discreet.
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Outgrown your existing home? Looking for something new or just starting out? Maybe looking for something smaller or maintance free? Let me help you through the process, let me help with what you need