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Make sure that you check this page for our listings as they do not stay on the market long. You can contact us if you would like to know about our upcoming listings.  

 

 

Sellers Agents and Brokers Agents

Wow the person at the open house is so nice…

Sellers Agent and a Brokers Agent are hired to represent the seller. Their total loyalty belongs to the seller.

These are often the very same people a customer may meet at an open house.  A customer is a person who visits the open house to see the home.

The Sellers agent or Brokers Agent working at the open house is required to first explain Agency to the customer before anything of substance is discussed. This is because a customer may accidentally disclose information that they normally would not want the seller to know. They may say something like, “This house is amazing. I will pay anything for it and failure is not an option.” Since the person working at the open house is obligated to share this information with the seller the seller might decide to raise the price since you already showed your hand.  

 

 

Buyers Agents

A Buyers Agent is required to provide her or his loyalty to the buyer.

 

They are not legally bound to the seller in any way. It is a Buyers Agents job to make sure the buyer has representation. They can act on behalf of the Buyer to try and get the right price and find out what the buyer needs to know.

 

They cannot share any information that can potentially hurt the buyer in the transaction.   

 

Their “Poker-face” might be what it takes to save a few thousand on the purchase and to keep the sellers guessing.

 

Dual Agency

When the Brokerage firm who is selling the home is also the same brokerage firm that is acting as a representative of the buyer the sale is said to be in “Dual Agency”.

 

Because of this the Broker who owns the brokerage has a potential conflict of interest. They are supposed to help the seller and they are also contracted to help the buyer. This conflict needs to be known and agreed upon by all parties. Even when agreed upon, the Broker is now expected to act as a neutral party and not take sides.

 

One way to minimize the effects of Dual agency is to designate separate representatives from the brokerage firm to each represent the buyer and seller separately.  This is called “Dual agency with designated sales agents”.  Water cooler talk is a no-no and meetings in the firm could be awkward but in the end the buyer and seller may have an extra bit of help to look after them and still deal with the same firm.  

 

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Are you Selling, Buying or Investing?
These are three legs of the real-estate stool. Each party has a common purpose to transact real-estate but different goals.

A Seller wants to get the most for their home and have a smooth closing.

A Buyer Wants to get the best value for their money and have a smooth closing.

An Investor wants to find income properties that they can create additional equity in and have a smooth transaction.

What to these three parties have in common?
They all want to have a smooth transaction.

Highlite Homes Realty helps with the smooth transaction. We have a reputable network of investors and a unique ability to find properties for sale. By Introducing our sellers to our buyers and investors we help make sure that the transaction is fair and professional.

It Starts with a registration to our newsletter. The newsletter helps keep everybody informed about market information, the community, new listings, market conditions and how Highlite Homes Realty is doing as a company.

 

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(855) 944-5483

 

6800 Jericho Turnpike, Syosset, NY, 11791

 

6800 Jericho Turnpike
Suite 120W
Syosset, NY 11791

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All rights reserved.  Highlite Homes Realty Corporation fully supports the principles of the Fair Housing and Equal Opportunity Acts.