May 2, 2008
Open this weekend is a terrific cottage/condo (just wait a minute!) on Route 6A in Dennis. Price only $ 295,000.00, furnished. It is set well off of the road, sharing 2.2 acres with 3 other cottages. It has two very large bedrooms, living room with gas fireplace stove, galley kitchen with gas stove and dishwasher and full bath with tub. Also stack washer/dryer. It’s a completly detached home, private and with a large wooded exclusive use area. Very very close to Scargo Lake, very close to Bay beaches. See more details at our oldCape Sotheby’s International Realty website. Directions to open house: No sign on 6A. Across from # 949 driveway, take the gravel driveway by the granite post. Follow past the house ( #944) to the end, cottage #3 is on the left. See you there!
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Dennis, Real Estate | Tagged: cape cod, Dennis, Real Estate, Sotheby's |
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Posted by capecodrealestate
May 2, 2008
Lately I have participated in real estate forums on Boston.com and it is evident that some buyers do not understand the way that buyer agency works ( in Massachusetts) or the very obvious need for buyer representation. This is a huge topic, and I will just touch on the issue here, and welcome discussion. I myself enjoy working with buyers, although it can be a very time consuming process. I’m not in real estate for a per hour paycheck. I’m not put off by today’s tech-savvy buyers who do their initial research on the web. It’s a collaborative process, in the best situations.
I’ve been told that buyer agents just open the door and collect a check. That’s a pretty myopic view. In Massachusetts, a buyer’s agent owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provided, however, that the agent must disclose known material defects in the real estate. The agent must put the buyer’s interests first and negotiate for the best price and terms for their client, the buyer. This is a huge liability and responsibility! Remember that real estate agents are licensed professionals. There are other types of agency as well, I have described Buyer’s Agency.
I know I’ve said this before, but remember that not all “agents” are “Realtors.” Realtors are members of their professional organizations at the National, State and Local levels, and adhere to Codes of Ethics.
You may not know that some Realtors go even one more step beyond in representing buyers. I am accredited by the Real Estate Buyers Agent Council or REBAC of the National Association of Realtors. This special accreditation requires classroom instruction and on-the-job experience with buyer transactions.
So what will your Realtor do for you when you buy? I have researched deeds, wetlands, septic plans, zoning issues; attended inspections, hired contractors, negotiated price and conditions and terms; coordinated lenders and documentations; obtained necessary insurance documents and tax information and so much more. Who paid for all this? In each case, the Seller paid a commission to the listing agent, who then offered a co-fee to the buyer’s agent through the cooperation of the multiple listing service. But you may enter into a contract with your Buyer Agent to pay a fee directly, as in the case of buying a For Sale Buy Owner (you still need your own Realtor!) Want to explore this more? Click on My Website and write me. Happy House Shopping!
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Real Estate | Tagged: home buying, NAR, Real Estate, Realtor, REBAC |
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Posted by capecodrealestate