You may or may not be aware of an important change in the residential real estate industry that goes into effect August 17, 2024. Nationwide, buyers will need to sign a buyer agreement for representation to tour and ultimately purchase a property.
If you are coming from a state in which exclusive buyer representation is already a required standard, then you are already accustomed to this practice. Although we have had this type of representation available to us in Florida, few agents have introduced their buyer clients to it, for various reasons. Now it will be mandatory for a buyer to sign an agreement which describes the representation, duties, responsibilities for all parties, term length and agent compensation. This buyer agreement can be customized to suit specific situations such as a particular community, a period of time or even a single property address, if appropriate.
When choosing a Realtor, you should pick a real estate agent who has earned the Accredited Buyer Representative designation from the National Association of Realtors. We have earned it. The ABR designation represents the successful completion of educational coursework, having completed a certain number of transactions specifically representing buyers and holding additional certifications. The ABR designation reflects a higher level of performance and professionalism.
As a buyer in our Naples and Bonita Springs real estate area, you want an agent representing you who is a full-time professional and has local knowledge about the area and the market. Experience matters, the ABR designation matters, transparency matters, negotiation skills matter, and great communication matters.
If you are considering the purchase of a Florida home, condo, or property, please call us to represent your best interests. We will explain the new rules regarding a buyer agreement and bring you up to date on our real estate market. Call Tim at (239) 272-4848
P.S. The new industry rules affect listing agreements for sellers, too. Call us to explain the changes, if you are thinking about selling your home or condo. The changes have a significant impact on the marketing of your property and your net proceeds from the sale.
Serious buyer? We listen well and will find your own “Piece of Paradise” or investment property at the best negotiated price and terms. We are full-time professional REALTORS® with the ABR® designation (Accredited Buyer Representative) who depend on your referrals and take pride in our work. We have lived and worked through all real estate cycles. Take advantage of our skill and strategy to make you a successful buyer in a challenging market.
Serious seller? We will give you honest advice about current market conditions and pricing. We will aggressively market your home to local, national, and international buyers for the best results and a smooth transaction. Our experience with negotiating, as well as handling multiple offers, will result in the best terms for your own situation.
