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Gay Real Estate: Why Choose a Buyer's Agent? |
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 As the Washington metro area housing market remains one of the strongest in the nation, potential buyers are facing fierce competition with multiple offers for a single property increasingly becoming the new norm with very low available inventory. When a buyer finds a property they want to purchase, they need to have everything in order and at the ready to move quickly to present a competitive and attractive offer to increase their chance of success.
Having professional representation is critical for buyers, who are making what is probably the biggest purchase they will ever undertake. It doesn't "cost extra" and buyers will know that the person showing them properties has their best interests in mind.
The concept of buyer's agency was instituted in the 1980s, in response to a recurring misconception of buyers that the real estate agent who was showing the properties was representing them, when in fact, the agents were being paid by the seller and representing the seller. Washington, D.C. was one of the first jurisdictions around the country to institute buyer's agency, where buyers could opt for buyer representation, and Maryland and Virginia soon followed suit.
At Gay Realty Watch, we look for news to share with you about the gay real estate market - both lgbt real estate news and news specific to gay and lesbian real estate meccas.
Authored By Donna Evers - See the Full Story at The Washington Blade
Click here for gay realtors, mortgage lenders, and other real estate professionals.
If you have a gay real estate story that you'd like to share with us, contact us at info@gayrealtynetwork.com
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Published on:
August 27, 2012
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