Do you want to find some great Tallahassee Homes for sale? Are you tired of dealing with real estate agents that look at you as a commission check? Your search is over. You landed in the right place. Please allow me to explain why I made that last statement in just a minute.
If you've been searching for Tallahassee homes for sale for any length of time, you no doubt have talked with several agents. They promise to call you back and they don't. They offer to give you a list of Tallahassee homes for sale and it seems like you never get a list of homes you want to see. They send you homes that are out of your price range or not in the neighborhood you desire.
The personal service is just not there. Chances are you're just one of several dozen people they're working with anyway. To many real estate agents it's just a numbers game.
If this describes your experience since beginning your search for Tallahassee homes then I would like to put your mind at rest. Stay with me on this. I'll explain, just keep reading.
When it comes to buying a home in Tallahassee, well this is a very emotional process. Would you agree with me on that? This is especially true if your looking at Tallahassee new homes. With so many choices in design, location, colors and so much more, it's hard to make decisions.
There's a lot of new construction taking place in here in Tallahassee Florida. How can you be sure you're looking at new homes in Tallahassee that's offering the most for your money? The builders have so many designs and special offers that it gets confusing very fast. Your emotions can get so caught up that it could cost you money by choosing the wrong location, design or color.
If a builder has excess inventory, they start to offer incentives to lure real estate agents to show that particular home. I've seen incentives that range from $5000-$10,000 for a quick sale. Now in all fairness to the builder, sometimes they pass this on to the buyer. But many times there are bonuses to the agent that could cause them to think of themselves rather than you. I think you can see where I'm coming from.
What you need is someone that's working for you to help you find the exact home that fits your taste, budget and location. Furthermore, you need someone that has your best interest at heart. Now please don't get me wrong, not all real estate agents would think only of themselves before you the customer. But trust me they're out there and you will not be able to know who they are.
In the state of Florida, 99% of the real estate agents act as transaction brokers in their relationship with you. The laws in Florida are written that you do not have to be provided with a notice of the relationship status with your agent when working in this capacity. It's only when they take on a different relationship they have to tell you.
So what is a transaction broker you may be wondering by now? Well Florida Statute 475.278(2) says under TRANSACTION BROKER RELATIONSHIP:
(2) TRANSACTION BROKER RELATIONSHIP
"A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent. The duties of the real estate licensee in this limited form of representation include the following:
(a) Dealing honestly and fairly;
(b) Accounting for all funds;
(c) Using skill, care, and diligence in the transaction;
(d) Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;
(e) Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;
(f) Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and
(g) Any additional duties that are mutually agreed to with a party."
So why would I put the Florida Statute in here? When you consider the bold italicized words above, it states a "limited form of representation to a buyer, a seller or both in a real estate transaction". So what this means is the real estate agent is working for both parties actually. So their loyalty is split 50/50 between the buyer and seller. So, if you think they are 100% loyal to you, they are not.
Can you see why I made those statements in the beginning of this webpage?
So now, when it comes to looking at Tallahassee homes for sale this may give you a little bit different perspective. Now for the most part, real estate agents do a good job so do not take this wrong. I just think people like you need to know your rights when it comes looking at Tallahassee homes for sale. This is even more important if your the seller to know this.
Often times when looking at Tallahassee new homes, you may be looking at a model and the real estate agent works for the builder. You may not have anyone representing you in the transaction. After all, it's easier to just work with the one agent in the model home.
But now that you have this new found knowledge, do you think it might be better to have a buyers agent who's on your side? Sure it is, and better yet rather than getting into a "Transaction Broker Relationship" with the buyers agent I want you consider this:
Ask them if they will represent you as a Single Agent. So I can hear the gears in your brain working again. Now you want to know what's the difference between a "Transaction Broker" and "Single Agent"? I'm glad you asked that question because now you will see why I'm going into such great detail to explain all of this to you.
Again, according to Florida Statute 475.278(3) it describes a SINGLE AGENT RELATIONSHIP:
(3) SINGLE AGENT RELATIONSHIP.
"(a) Single agent–duties.—The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following:
1. Dealing honestly and fairly;
5. Full disclosure;
6. Accounting for all funds;
7. Skill, care, and diligence in the transaction;
8. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing; and
9. Disclosing all known facts that materially affect the value of residential real property and are not readily observable.
(b) Disclosure requirements.
1. Single agent disclosure.—Duties of a single agent must be fully described and disclosed in writing to a buyer or seller either as a separate and distinct disclosure document or included as part of another document such as a listing agreement or other agreement for representation. The disclosure must be made before, or at the time of, entering into a listing agreement or an agreement for representation or before the showing of property, whichever occurs first. When incorporated into other documents, the required notice must be of the same size type, or larger, as other provisions of the document and must be conspicuous in its placement so as to advise customers of the duties of a single agent, except that the first sentence of the information identified in paragraph (c) must be printed in uppercase and bold type."
Again I want you to re-read the bold italic letters above. In order to work with a single agent, you must receive a disclosure document describing the duties of a single agent. I want to call your attention to the fact that not only are you to receive a disclosure document, but look at the list of duties. Duties 2-5 are not included in the description for the Transaction Broker.
It's the loyalty, confidentiality, obedience and full disclosure you need to consider when choosing a real estate agent. So if you're looking at Tallahassee New Homes this may be something for you to think about. A single agent is 100% loyal to you the client. So in other words, the real estate agent will conduct the transaction as if it was for himself or herself.
This is much better for you because they can only be paid if they represent you well. Their commission is paid by the seller anyway. But they really have good reason to work hard for you.
OK, so now that you know the difference between a "Transaction Broker" and a "Single Agent" where do we go from here? Earlier I talked about Tallahassee new homes, with all the new construction going on, why not think about working with a real estate agent that is willing to enter into a "Single Agent" relationship with you?
They will work far better on your behalf than a "Transaction Broker". Also, when you think about working with the agent in the open house or model home, they may not work as hard for you as a buyers single agent as I just described.
When you think about how much money you're about to spend, you want a real estate agent that will treat the transaction as if it was their own. So with all the Tallahassee homes for sale, new construction or resale homes it's in your best interest to choose someone willing to work with you in the relationship that offers you 100% loyalty.
By now you may be wondering why more agents don't work in this capacity when helping buyers find Tallahassee homes for sale. Well to be honest with you, their brokers simple do not allow it. The broker has more liability. It's just easier in the other relationship, less disclosures etc.
So in conclusion, I just want you to think about what you just learned. With so few Realtors that work as "Single Agents" maybe you want to find someone that will. Especially since you know they have 100% loyalty to you the client. This is especially important when looking at Tallahassee homes for sale that are new construction.
Working with the builders agent you'll find they know the product better than most Realtors, but what if you could find someone that knows and understands new construction and is willing to work with you in a "Single Agent" relationship? Do you think that might be better? Sure it would!
A good knowledgeable agent can negotiate on your behalf, and if they have construction background well that's good too! They could ask questions, help you understand the quality of the building materials and workmanship.
Now if you're not thinking Tallahassee new homes, then it still would be in your best interest to find a real estate agent willing to work as described above. The single agent can work with you on resale homes the same way. If you're thinking about selling a home, well obviously it's better to find that special agent willing to give you personalized service, complete loyalty to help you get the most for your home.
If you would like to meet a real estate broker willing to work with you as described above, I would like to recommend you reach out to Jeff Ragan a Tallahassee Real Estate broker. He runs a small boutique realty office that does not take on but one to two clients at a time. He's willing to work as a single agent so you can get the best personalized service.
A good reason to consider working with him is he has experience as a contractor so he understands construction. Also he's a teacher at the Real Estate School on Centerville road where he instructs on real estate law and much more. The best part is he's not interested in numbers as much as he wants to give the best service to you the client.
He has a page on this website about Tallahassee homes for sale where you can search for new homes. Feel free to visit his page and fill out the brief form and he will contact you to do a FREE analysis of your needs no matter if your buying or selling.
For more information about working relationships with Realtors we invite you to contact us. Simply fill out the contact form below.