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The best time to sell is when there are
fewer properties to sell than there are buyers to buy and when financing is
readily available at relatively low interest rates. This time frame is known as
a sellers market. The best time to buy is when there are more properties on the
market to buy than there are buyers to buy them and when financing is readily
available at relatively low interest rates. This time frame is known as a
buyers market.
Interest rates are relatively low and
financing is readily available. The supply of products(houses) is good
depending on your price range and we’re in an election year which generally
means that the party in power generally strives to maintain the status quo. Now
is an excellent time to buy or sell. Your decision to enter the marketplace as
a buyer or a seller should be made based on your motivation to move and not on
trying to time the marketplace.
Kansas state law requires you receive and
sign a Disclosure of Alternative Agency Relationships. This disclosure lists
the choices available to you in establishing agency relationships. If you are
both a seller and a buyer you will most likely enter into two different agency
relationships. The same agent may represent you as a seller and a buyer. The
following descriptions of your choices will help you decide what kind of agency
relationship is best for your situation.
SELLER AGENT. A Seller’s Agent has the
duties of loyalty, obedience, disclosure, confidentiality, reasonable care,
diligence and accounting and a duty to represent the seller’s interest in the
sale of the property. This generally means a duty to market the property to
find a buyer willing to pay the highest price on the most advantageous terms as
quickly as possible. A Seller’s Agent also has the duty to disclose all
material information acquired from the buyer or any other source.
SUB-AGENT. Sellers may authorize their agent
to offer sub-agency to other firms. A sub-agent (agent to agent) also
represents the seller’s interests. Sellers have the same liability for the acts
of a sub-agent as they do for the agent they hire.
BUYER’S AGENT. A Buyer’s Agent has the
duties of loyalty, obedience, disclosure, confidentiality, reasonable care,
diligence and accounting and a duty to use expertise to help the buyer find a
suitable property and to acquire it at the most advantageous price and on terms
suitable to the buyer. A Buyer’s Agent also has the duty to disclose to the
buyer any material information acquired from the seller or from any other
source.
DISCLOSED DUAL AGENT. A real estate agent
may represent more than one party only with the informed consent of all the
parties to the transaction. Disclosed dual agency is most likely to occur when
a buyer represented by a Buyer’s Agent wants to purchase a property listed by
that agent’s firm. The buyer and the seller must sign a dual agency consent
agreement, which fully describes the duties and obligations of the disclosed
dual agent. A disclosed dual agent may not disclose any confidential
information that would place one party at an advantage over the other party and
may not disclose any of the following information without the informed consent
of the party to whom the information pertains: The buyer is willing to pay more
than the price offered, that the seller is willing to accept less than the
asking price, motivating factors of either party for buying or selling or that
a party will agree to financing terms other than those offered.
DESIGNATED AGENT. An alternative to
disclosed dual agency is a designated agent that represents the buyer. The
designated agent may show properties listed by other agents in that agent’s
firm to the buyer. The other agents represent the seller. The designated agent
performs all the duties of a Buyer’s Agent, while the other agents within the
firm perform the duties of the Seller’s Agent. the designated agent CANNOT
continue to represent the buyer exclusively IF: (1) the buyer wants to see a
property which is listed personally by the designated agent: or (2) the
designated agent’s broker becomes directly involved in the transaction. Either
situation would trigger a disclosed dual agency but ONLY with the written
consent of both parties.
Please keep in mind that the disclosure
presentation form MUST be presented to you when any substantive discussion
occurs and MUST be signed by you as a seller and or buyer by law but it is not
a contract. If you choose to have an agent represent you, a written agency
agreement (contract) MUST be signed.
RE/MAX Best Associates authorizes its agents
to act in any or all capacities listed.
Whether you’re thinking about buying or selling
or seeking information, rely on RE/MAX Best Associates 800-391-BEST(2378) or
913-345-BEST(2378) to provide accurate up to date information about the
marketplace. info@kansascityehomes.com www.kansascityehomes.com