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Consumers Beware: "Fake" Exclusive Buyer Agents on the Rise

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

Buyer Agent - Eye View: Western DC Suburbs

In the western DC suburbs, primarily Montgomery and Frederick counties, our market is always driven by what happens in the northwest DC market.  This area did not experience the huge numbers of foreclosures that hit so many other parts of the country but values did decline by as much as 50% in some parts of the area by 2008-9 after peaking in 2005.  It’s been a difficult climb back out of the hole but it is happening and we’re seeing prices now that have slowly climbed to about 2003 levels.

Buyer Agent - Eye View: Seattle

Seattle Property Market

Well, it is official - last year Seattle was the fastest growing city in the US.

From July 1, 2012 to July 1, 2013, Seattle grew by 2.8 percent — the highest rate among the 50 most-populous U.S. cities. Seattle added nearly 18,000 residents and 15,000 new jobs in the one-year period, bringing its population to about 652,000.

Buyer Agent - Eye View: Bethesda

Hot, Hot, Not
During the first three months of 2014, Bethesda had a very hot market with 130 Single Family Home (SFH) settlements. These homes ranged from 2 -7 bedroom, 1-6 full bathroom homes of 750 to over 7200 square feet. They ranged in price from $500,000 to $4,100,000.

There were only 5 fee simple townhomes sold in Bethesda during those first three months. They ranged from 2-4 bedroom, 2-3 bedroom homes of 1286-3026 square feet. They ranged in price from $490,000 to $1,120,000.

Buyer Agent - Eye View: Orlando

ORLANDO median home prices climbed 24% in 2013, as short sales dropped 33% and foreclosures dropped 11%.  Normal sales went up 42% as the Central Florida housing market rebounds better than any other large city in Florida.  Overall, home prices are on the rise which is good news for our economy.

Inventory is up by about 25% giving the 2014 homebuyer many more homes to choose from, and a variety of communities.   Florida real estate has always been in demand due to the balmy climate and absence of snow so the perfect weather is a big draw.

Buyer Agent-Eye View: Bethesda

Exclusive Buyer Agent (EBA) in the Washington DC Metropolitan Area including the District of Columbia, Northern Virginia, and Maryland. 

My office is located in Bethesda, Maryland, a small town just outside of DC. The housing stock in Bethesda varies by neighborhood, and proximity to our local metro rail system. Single Family detached homes in the downtown Bethesda area (zip code 20814) range from older 2 bedroom and1 full bath homes up to 7 bedroom with 7 full baths and 3 half bathroom homes. Recent listing prices ranged from $689,900 to $4,000,000 in the last few months. 

Orlando Inventory

Buyer Agent-Eye View: Orlando

Nicknamed  "The City Beautiful," Orlando is the 3rd largest metro city in Florida .  It has about 2 million people, 5,000 restaurants, 2,000 lakes and 176 golf courses...and the weather is perfect...an annual average of 82 degrees.   Orlando, Florida is home to Disney World, Sea World, Universal Studios and many other places where all ages can have fun year round.  It is never too cold to fish or too hot to play golf.

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