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Bellingham Buyer's Agent Services
In 1997 the State of Washington changed the long standing laws on the books to make it possible for Buyers of real property to have full representation in purchasing real estate. Believe it or not, until 1997 the Listing Agent and the Buyer's Agent represented the Seller regardless as to whether a Buyer had designated an agent to assist them in their purchase. Why Washington State waited so long to address the need of Buyers to have full representation will likely never be clear.
Entering into a Buyer's Agency Agreement establishes from the beginning that as your Buyer's Agents we will provide you with as much detailed information as possible on the properties you are interested in seeing. This includes listed and unlisted properties. The information we provide will be based upon fact and upon our extensive knowledge of the area and property type. As your Buyer's Agents, we have no obligation to any one Seller to promote the sale of their property.
A typical purchase and sale is 12 pages long and it is not unusual for it to be up to 16 pages long. This is before the contingency addendums, notices, responses to notices and disclosures are added as the purchase progresses toward closing. Through years of experience, we understand the ever changing contracts and are alert to what may be presented to you by a Seller or Listing Agent that is in your best interest and more importantly what isn't.
Our fees are almost without exception paid in full by the Seller at closing. Statistically most properties are offered for sale through a Listing Agent where the Seller has agreed to pay a Buyer's Agent commission.
Most For Sale By Owners are not experienced in selling real estate and have no expertise in putting together a successful sale that is in full compliance with Washington State Law. Non-disclosure, followed by fraud, are the biggest problems. Ignorance of the Law of Washington State is no excuse and could easily land the Buyer and Seller in court months or years after the date of closing. Many FSBO's offer Buyer's Agent commission and to date we have been very successful in getting our fee paid by the seller at closing.
Upon retaining our Exclusive Buyer's Agency Services, it becomes our duty to the following:
- Be loyal and take no action that is adverse or detrimental to you.
- Disclose conflicts of interests, if any.
- Advise you to seek expert advice on matters beyond our expertise.
- Not disclose confidential information about you.
- Make a good faith and continuous effort to find you a property.
Remember, Listing Agents are obligated to represent the Seller, not you as a Buyer. We will commit to exclusively representing you in your purchase if you will commit to us as your Buyer's Agents.
The Law of Real Estate Agency |
Windermere Buyer Agency Agreement
Home : Bellingham Real Estate Information
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