Merri Ann’s Real Estate Tips
Posted May 1, 2017 at 10:32 pm by Tim Dustrude
Merri Ann Simonson shares an article on Real Estate tips with you…
Buying Property in the San Juans
- Select an Agent to Represent You
As you may be aware, all of the brokerage firms on San Juan Island are members of the Northwest Multiple Listing Service; therefore, any of the agents can assist you with any of the properties listed with Coldwell Banker or other brokerage firms. One of the first steps in purchasing real estate on San Juan is to select an agent to represent you. Ideally you should select ONE agent that you feel will provide you with the level of customer service that you require.
It is important for you to understand the Law of Real Estate Agency. The State law allows for three types of agency representation:
- Buyer’s representation is when the agent is representing the buyer and intends to obtain property at the lowest possible sales price.
- Seller’s representation is when the agent has a listing with the seller and is attempting to obtain the highest possible sales price.
- Dual agency is when the agent shows a buyer one of their own listings and the buyer decides to purchase it. In the case of dual agency, the agent represents the seller as well as the buyer.
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Categories: Real Estate