Here’s a great analogy of Tulsa home buyer representation and how it is misunderstood. Many, many years ago when I traveled in the summer to visit my Dad, I would call airlines individually to compare rates. I mentioned this to my Dad who asked why I didn’t just call a travel agent to do the work for me. I assumed that a travel agent charged for that service, so I did the leg work myself.
Wrong. Travel agents were compensated by the airlines, resorts and others in the travel industry. They could have provided me with the most convenient and inexpensive flight and made all reservations, taken care of all details, if I had just enlisted their service.
Same is true with Realtors. Many Tulsa home buyers assume that Realtors charge to represent them. So, my mantra is “Tulsa Home Buyer Representation – it’s key and it’s free.”
When the Seller lists his property for sale, he agrees to pay a commission to the Listing Realtor and the Selling Realtor. Because the Seller is responsible for paying the commission, Realtor representation to a Tulsa home buyer is free.
My representation to a Tulsa home buyer is “key,” because I am looking out for your interests. I will connect you with a Lender who, for example, has state bond money available for down-payment assistance. I will set up a custom search for your dream home – much simpler than you searching on various web sites or realtor.com. I will walk you through the entire buying process, coach you through negotiations and be by your side at the closing table.
If you are driving around and call the Listing Realtor on the sign to get more information about a property, that Realtor will be representing BOTH the Seller and the Buyer. It’s not impossible to do this ethically and fairly, but wouldn’t you prefer your own representation?
A real estate buyer’s representative represents the Tulsa home buyer who is purchasing property in a real estate transaction. The buyer’s representative works for the property buyer and has the buyer’s best interests in mind throughout the entire real estate process. So, select a Realtor with whom you would like to work and schedule a time to discuss your needs. If you are considering purchasing property, you will want your own representation in negotiating the terms of the contract.
Give me a call and let’s talk about your Tulsa home buyer representation – and then, let’s shop! 918-852-5036
Awesome analogy Lori.