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| Real estate transactions are subject to federal, state and local guidelines that are constantly changing. What's the first thing most real estate agents do when they decide to move their own homes to a new area? They sign up with a buyer's agent who knows the area, and the state and local guidelines. The benefits of an exclusive buyer's agent far outweigh the risks of purchasing property without proper representation. This also goes for selling your home. Limit your RISK! What's the old saying? Would you operate on your self? LEAVE IT TO THE PROFESSIONAL! |
| Commissions are not set by law. All commissions are negotiable. Any comparisons to a commission percent, such as 7%, are for illustration and comparison purposes only. The information herein is deemed to be accurate, but not guaranteed. All information to be verified. Any reference to "discount" is only for illustration and pertains to no individual and/or company. |
| Why is a buyer's agent different from other real estate agents? A buyer's agent represents your interests-not the seller's, not the bank's. A buyer's agent is legally bound to serve you with loyalty, obedience, disclosure, confidentiality, reasonable care and diligence. A buyer's agent helps you buy your house or property at the lowest price and for the best terms. Comparison of Exclusive Buyer Agents Exclusive Buyer's Agent Is Licensed by the State * * Keeps Your Private Information Private * Works for You, the Buyer, and Only You * Always Puts Your Interests ahead of the Seller's * Is Motivated to Show You ALL the Houses on the Market * How do seller's agents feel about working with an exclusive buyer's agent? They like it. Any top producing seller's agent likes the professionalism and efficiency of an exclusive buyer's agent. The buyer's agent takes responsibility for the buyer, which lessens the responsibility (and liability) of the seller's agent and the seller. How does a buyer's agent get paid? The fee that a buyer's agent receives is negotiated between the buyer and the agent and is described in a written contract. You can arrange to pay an hourly fee, a flat fee or a percentage of purchase price. The fee is paid at closing. If the property doesn't close, you don't pay the fee. If the property is listed with a seller's agent, the buyer's agent should request and receive the "co-broke" fee that's offered to agents who cooperate in the sale. This co-broke fee is set between the seller's agent and the buyer's agent. If the co-broke fee is higher than the fee in your contract, you'll pay less (you may even receive money back); if it's lower, you'll owe only the difference. If the property is being sold by its owner (without an agent) and you're financing with a mortgage, then the entire fee for the buyer's agent can be added to the selling price and paid at closing. Do I still owe a fee to a buyer's agent if I buy property direct from the owner? Not Likely! We will do our best to negotiate our commission from the owner! Statistics show 90% of For Sale by Owners Co-op with Realtors. Won't I get a better deal working directly with a seller's agent? If you think that the seller's agent will be more motivated because they'll receive the whole commission fee, think again. The fee for the seller's agency is typically based upon a percentage of purchase price. Their legal duty is to get the highest price and best terms for their client, the seller, and their fee is directly related to that price. The higher the selling price, the higher their fee! That's strong motivation for helping the seller. A good seller's agent prefers working with buyers who are being represented by their own broker because the buyer's broker is legally responsible for the actions of their client. That means less liability for the seller and the seller's agent. How do I hire my own agent? There is only one way to hire your own buyer's agent and that is in writing. You must interview an agent, and discuss the scope of services, fees, and length of service. The results of your discussion are put into writing, and signed by you and the agency. No written contract? Then you haven't hired an agent. Don't make the mistake that thousands of buyers have made by thinking that an agency is working for you, when it's really working for the seller. Isn't it a conflict of interest if a buyer's agent is paid from a percentage of purchase price while at the same time the agent is supposed to get the lowest price and best terms for a property? An exclusive buyer's agent has a fiduciary duty to advance your interests before his or her own. |
Click on our Sellers Pay Less Button and See the GREAT Options that we offer our clients! Looking for a team that works in the current market with communication as a key? You have found us! |
| Please consider us for your Real Estate Needs. We will put in a Full Time Effort whether your buying or selling a home. You will be kept informed @ all times. We are here for you 24 hours a day 7 days a week. Have a comment, question, or concern just call. We never become to busy for our clients. Our goal is not only to be sure you are 100% happy with what may be one of the biggest decisions of your life, but to build a long term trust with you so that anytime you, your family or friends have any real estate needs, we are considered for the privilege of serving that need. In addition to being trustful & dedicated we are precise. We Always double check everything we do to ensure all transactions are as simple as possible. So rest assured that you will be placing your real estate needs in good hands. In todays society knowing you have a knowledgeable & devoted team working for you is priceless. To show our appreciation not only do we make sure you have 2 full time agents, we will also pay for your Home Warranty when buying or selling with us! (If not offered.) Thank You Mendez-Parra Team Lori Mendez (775) 378-4961 Randi Mendez-Parra Direct (775) 378-4961 Direct (775) 379-8344 Email: randi@mpteamsells.com or lori@mpteamsells.com |
| Randi Mendez-Parra |
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