Continuing with its 20-year history of advocating for home buyers, the National Association of Exclusive Buyer Agents filed an Amicus Curiae or “friend of the court” brief on behalf of the plaintiff in a case currently before the California Supreme Court. In his suit Horiike v. Coldwell Banker, plaintiff Hiroshi Horiike contends that even though the listing agent was originally contracted by the seller, because the listing agent was an agent of the same broker and in the same brokerage as his buyer agent, the listing agent also owed him, the buyer, representation as well.
The National Association of Exclusive Buyer Agents (NAEBA) has opened a service to provide home buyers with a listing of Exclusive Buyer Agents in their area. As buyers get more savvy about the reasons to hire a real estate agent, they are searching for someone who will represent them, negotiating for them throughout the transaction, rather than simply someone who will find them a house.
The NATIONAL ASSOCIATION OF EXCLUSIVE BUYER AGENTS (NAEBA) is celebrating its 20th year of protecting real estate consumers and promoting the Common Law of Agency in real estate. Until the 1980’s, all real estate agents represented the seller in a real estate transaction. With the advent of Exclusive Buyer Agency, where a real estate brokerage only represents the buyer in any transaction, rights and protection were also developed for buyers by eliminating any perceived conflicts of interest.
Seattle home prices push higher
In July, Seattle’s median home price has regained and surpassed its 2007 peak. The median price now is $543,500, which is significantly more than the $506,362 peak of 2007, and almost $80,000 higher than the median price in July 2013 of $465,000.
Columbus real estate poses opportunities, challenges to millennial home buyers
According to a new survey by BMO Harris, the majority of young adults intend to become homeowners sometime within the next five years. The survey sampled adults aged 18 to 34, and debunks the theory that millennials are less interested in home ownership than the generations before them.
On the far West side of our County closer to Jackson Michigan the market is a bit soft, but in most of our coverage area there are more buyers than there are desirable properties.
Bottom line, this is still a seller's market.
Orlando Real Estate Market Pulse
Orlando, Florida, 2014, is back to being a hot spot for home buying. Orlando real estate property values increased 28% in the past year, with 53% of home sales bought with cash. The real estate recovery is better in Orlando than in any other major city in Florida. New construction is booming and many big projects are underway to put Orlando on the map as a world class city.
Orlando Improvement Projects
There is a lot to fall in love with in Greenwich, but before a home buyer falls in love with a particular home, it is wise to learn value differentials. Within the many neighborhoods in town, it may come as a surprise just how widely prices can vary. The differences are not only driven by location but also by factors that are not as obvious. Take for example the reasonably consistent Mid-Country area of Greenwich (Mid-Country is in the center of town, north of Putnam Ave, and South of the Merritt Parkway.
It is folly to pretend to be able to predict any real estate market. A year ago, I got this email from Kiplinger [italics mine]
June 10, 2013:
AVONDALE, AZ, JUNE 13, 2014 -- Over the last several months, the National Association of Exclusive Buyer Agents (NAEBA) has seen an increase in the number of real estate agents claiming to be Exclusive Buyer Agents in spite of working within a company that takes listings or even taking listings themselves. Per the industry definition, an Exclusive Buyer Agent never works with sellers and works within a company that does not take listings. Because an Exclusive Buyer Agent has no inventory to sell, they can work as a true advocate for the buyer regardless of which home is viewed or purchas