Buyer's Agents: AgentsThatWork4U
10. Listing Agents work for the SELLER NOT for you as the BUYER.9. Listing Agents are legally obligated to withhold information from you as a BUYER.8. A Listing Agent can ONLY work as a Limited Agent when working with both, a BUYER and the SELLER on the same Property.7. A Buyer’s Agent MUST BECOME a Limited Agent to work with you as a Buyer whenever the Property is listed by themselves or by the Agent’s Managing Broker.6. Only a Buyer’s Agent is 100% legally and ethically obligated to put the BUYER’s interests first.5. Only a Buyer’s Agent must 100% of the time recommend a qualified, independent home inspector who will solely represent your interest’s as the BUYER’s verses those of the SELLER.4. While ALL Agents must disclose everything they know, good and bad, about any defects or conditions of a property only a Buyer's Agent is legally and ethically obligated to share 100% of what they also know about the value or marketablity of a property you want to purchase.3. Only a Buyer’s Agent can advise you, as the BUYER, regarding what an initial offer should be, how much to counter offer during the negotiation process, and ultimately what is a good purchase price for a property.2. A Buyer’s Agent can save you as the BUYER thousands of dollars during the negotiating process.1. In 2008 the SELLER paid a Buyer’s Agent sales commission virtually 100% of the time (229 out of 230 homes sold in downtown Indianapolis during 2008.*)
What is Unique about Mitch Rolsky Being Your Buyer's Agent?
Contact Mitch About Helping You Find The Perfect Place
Seller’s Agents are selected by the Seller and are also known as "listing agents". This is typically the agent whose name is on the sign. Listing Agents are legally obligated to represent the SELLER's interests and to secure the highest price possible.
Buyer’s Agents are selected by YOU as the BUYER to represent your interests. Buyer’s Agents are legally and ethically obligated to help you as the BUYER find, and negotiate the best price and terms on the property you desire.
Limited Agents occur when one Agent works with both the SELLER and the BUYER on the same sale or if the Agents for both the SELLER and BUYER, work for the same Real Estate Firm, in the same branch or office and one of the two Agents is also the Principle or Managing Broker for their common office. When this happens then BOTH Agents also become a Limited Agent. Neither the BUYER nor SELLER is fully represented. Most states have outlawed "Limited Agency"
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10. Listing agents work for the SELLER NOT for you as the BUYER. Listing Agent’s have a legal obligation to disclose all known information about a BUYER and to get the highest price with the best terms for the SELLER
9. A Listing Agents are legally obligated to withhold information from you as a BUYER. Listing Agents can NOT share with a buyer what purchase price a Seller might accept or reasons to NOT buy a property since disclosing this information is not in the best interests of the SELLER.
8. A Listing Agent can ONLY work as a Limited Agent when working with both, a BUYER and the SELLER on the same Property. A Limited agent can not legally share information with you as the BUYER like what other comparable properties have sold for when the price or purchase terms on the other homes that do NOT support the SELLER’s position.
7. A Buyer’s Agent MUST BECOME a Limited Agent to work with you as a Buyer whenever the Property is listed by themselves or by the Agent’s Managing Broker. In 2008 over 40% of the 230 homes sold in Downtown Indianapolis were listed by only four Managing Brokers/Offices. * That means when you call the phone number on the sign in a yard, window or advertisement, but don’t talk with the Listing Agent, there is still a real possibility that the home was listed by the Managing Broker of one of those 4 offices. When that happens than any Agent, legally tied to that office/Broker, MUST automatically become a Limited Agent to work with you as the BUYER. And, just like in reason three above, a Limited Agent can NOT fully advise the BUYER as they normally would if they were a Buyer’s Agent.
6. Only a Buyer’s Agent is 100% legally and ethically obligated to put the BUYER’s interests first. This means only A Buyer’s Agent is legally obligated to get the lowest Price with the best terms for you as the BUYER.
5. Only a Buyer’s Agent must 100% of the time recommend a qualified, independent home inspector who will solely represent your interest’s as the BUYER’s verses those of the SELLER.
4. While ALL Agents must disclose everything they know, good and bad, about any defects or conditions of a property only a Buyer’s Agent is legally and ethically obligated to share 100% of what they also know about the value or marketability of a property you want to purchase.
3. Only a Buyer’s Agent can advise you, as the BUYER, regarding what an initial offer should be, how much to counter offer during the negotiation process, and ultimately what is a good purchase price for a property. Only a Buyer’s Agent can help prepare a Purchase Agreement that is worded to address your best interests as a BUYER.
2. A Buyer’s Agent can save you as the BUYER thousands of dollars during the negotiating process. When a BUYER works with a Buyer’s Agent the SELLER does NOT have access to information like how much mortgage you have been pre-approved for, what other homes you may have looked at and what you might be willing to pay for the SELLER’s home.
1. In 2008 the SELLER paid a Buyer’s Agent sales commission virtually 100% of the time (229 out of 230 homes sold in downtown Indianapolis during 2008.*) So, with your Buyer’s Agent’s commissions being paid by the SELLER it just makes sense to have an experienced Real Estate professional, who has a legal and ethical obligation to work ONLY for YOUR best interests, on your side.
What is Unique about Mitch Rolsky Being Your Buyer's Agent?
Although I have client's all over Indianapolis my focus is predominately on working as a Buyer's Agent in the Downtown area along with all of the historic neighborhoods north of downtown to Broad Ripple and east of downtown to Irvington. Typically, although not always, when I do list a property it's because I had initially represented the now Seller when they purchased that property. Below I share with you the unique steps I have taken to make sure as a Buyer you can take advantage of the traditional financial benefits of working with a Listing Agent while always being 100% fully represented and all of this at no expense to you!
Century 21 Scheetz is one of the four offices that handled 40% of the sales downtown in 2008 and the Managing Broker is also an active Agent as is the case with most of the other main firms downtown. While I often meet with clients at our downtown office all of my files and my legal connection, along with my Broker, are in our Carmel Office. This means that when I show you a home downtown you will never have to choose between continuing to work with a Buyer's Agent vs. havng to work with a Limited Agent.
If you do have interest in one of my listings than at the point that you are ready to make an offer on my listing I will refer you to a fellow Scheetz Agent who can fully represent you through the offer and closing process while I represent my seller. This other agent will pay a referral fee to me, which allows me to still offer my Listing client a discount on their brokerage fee just like if I had "both sides" of a transaction. This gives both you as a Buyer and the Seller the best of all worlds since the Seller has more flexibility in what they can sell their property for and yet both you and the Buyer are 100% fully represented.
If for whatever reason you and the Seller are not able to come to agreement on my listing I am still available to help you with other properties until we find and buy the perfect place for you.
* Based on data from the BLC related to residential properties sold during 2008 with a list price of $125,000 or more that were located within 10 Blocks East/West of Meridian and 27 Blocks North/South of Washington Street.
