There is a world of difference between what 4 Buyers Real Estate means when it calls itself an Exclusive Buyer Agency and what the various local offices of the National Association of Realtors means when they say “exclusive.” When Realtor Associations say “exclusive”, they mean that the buyer is responsible to work exclusively (only) with
As of August 17, 2024, Realtors are no longer allowed to share information about what commission is being offered to buyer’s agents through the Multiple Listing Service. A court order from a class action lawsuit in Missouri abolished the sharing of real estate agent fees through the Multiple Listing Service. This change was meant to
There are small changes ahead in Massachusetts real estate practice as a result of large lawsuits against the National Association of Realtors. Here’s what our future clients need to know. It was back in May, that I wrote about how the lawsuit will impact our clients; it was still in progress, so things changed between
Client appreciation party at Harvest, July 2024 Since the beginning of 4 Buyers Real Estate, there has been an annual party for the people who make this job worthwhile: our clients. It is an honor to gain the trust of people who are making high-cost decisions that affect their daily life for years
It is clear that agents who communicate more aggressively get some of the business that we were too late for. One of the ways that 4 Buyers Real Estate is not like other companies is that we don’t see ourselves as salespeople. Because of this, we do miss out on some business. When to call?
It used to be that bidding wars were clustered in the spring, but bidding war season seems to go all year round now. Until the local housing shortage ends, bidding wars will be with us. However, there is a silver lining to this situation: when a house does not sell quickly, the price becomes more
The buyer’s job is to look at houses, listen to their advisors (us, your attorney, and your lender), and then make the best choice of house for your money. Your job doesn’t include a deep dive into the ins and outs of the various lawsuits flying around the real estate industry. Still, you need to
A while back, we had a front row seat to buyers who made a $100,000 mistake. They were not our buyers. They were buyers who came to a house being sold by one of our clients. Our clients hired a good listing agent, who was recommended by us. When the dust settled, we heard the
Agents who know 4 Buyers Real Estate know that our clients are well informed and are unlikely to withdraw from the transaction without cause. Since withdrawal rates are up, this matters. Agents who know us, know that if our lender says there will be no problems, there will be no problems. We have had lower-down
This seems to be the number-one question. It is a terrible question based on terrible assumptions: How much over asking price should I offer, on average? Don’t assume that asking prices are based on Fair Market Value. In reality, asking prices are a made-up number intended to get the highest number of offers, so that