Land Park, East Sacramento
and Curtis Park Specialist

DUAL AGENCY…A GREAT EXPERIENCE IF DONE ETHICALLY

DUAL AGENCY…A GREAT EXPERIENCE IF DONE ETHICALLY

Dual agency is a fiduciary responsibility that a single brokerage shares with both a buyer and seller. In other words, the buyers Realtor and the sellers Realtor have their license with the same brokerage. Now, if they are actually two different Realtors with two different clients, it isn’t a problem. Each Realtor is representing their respective client.Where it gets dicey is when the same Realtor is representing both the buyer and the seller. In some states, this is illegal. In others, such as California, it is legal. As with all things, this type of dual agency can be done ethically or it can be an unmitigated disaster.An ethical Realtor will know where the line is drawn and what may and more importantly, may not be shared with their clients. When they are with their sellers, they will make an argument for a fair price that will satisfy the seller. They will work diligently to have a fair resolution to repair requests. In other words, they put on their “listing agent” hat. When they are meeting with their buyers, they work towards an offering price that their buyers are comfortable with. They go over the inspection reports and deduce what items are fair to be on the list of repair items.Note in all of this, fairness is mandatory. It does become more difficult when one of the clients or both don’t have the sense of fairness that their Realtor does. In this case, it is incumbent upon the Realtor to do advise their client, but then do as their client asks. After all, the contract and the request for repairs...
WHY IN THE WORLD ARE YOU NOT BUYING A HOME NOW????

WHY IN THE WORLD ARE YOU NOT BUYING A HOME NOW????

If there was ever a real estate’s perfect storm in California, this is it! Here is the simple “down and dirty”:Be in contract by April 30th, 2010Close escrow between May 1st and June 30th, 2010You can get overlapping checks from the Federal government and from the State of California What do you get?Up to $6500 from our Federal government for existing home owner…a check…that’s it.Up to $8000 from our Federal government for new home buyer…a check…that’s it.Up to $10,000 from the State of California over 3 years…a credit towards your taxes…that’s it. The caveat?For the $8,000 Federal check, you must be a first time home buyer For the $6500 Federal check, you can be an existing home buyerFor the $10,000, you must have lived in your present home 5 out of the last 8 years. Now, as with all good things, don’t take this on face value…check with your CPA to be certain that you qualify before you commit. So, as I said, why in the world are you not buying a home...