Comments for NewBuyer Weblog

Comment on List of Car Insurance Companies by luxury car lease

luxury car lease — Thu, 04 Feb 2010 23:01:52 +0000

I typically always go for leasing over renting a automobile. The situation is that it’s usually a much cheaper alternative over the long run. With a lease you don’t usually have to pay for minor fixes that can get expensive as time goes on. Plus you have the capability of switching cars every few years! As long as you stay in the mileage I highly suggest it.

Comment on Real Estate Agents – Why So Tight-Lipped? by RealEstateCafe

RealEstateCafe — Tue, 26 Jan 2010 23:35:29 +0000

Elizabeth,

Thanks for your positive feedback. Readers who would like more information on the subject can read the heated discussion on Boston.com:

They call it procuring cause
http://bit.ly/ProcuringCause

I have not been aware of Newbuyer.com, but eager to follow links on your Twitter posts.

Bill

Comment on Real Estate Agents – Why So Tight-Lipped? by Elizabeth Dennis

Elizabeth Dennis — Tue, 26 Jan 2010 20:16:06 +0000

Bill,

Thanks so much for the the insightful reply. You have just doubled the value of my post!

All the Best,
Elizabeth

Comment on Real Estate Agents – Why So Tight-Lipped? by RealEstateCafe

RealEstateCafe — Tue, 26 Jan 2010 18:48:07 +0000

Dear Newbuyer.com,

So pleased to see you warning first-time homebuyers about the conflict of interest inherent in dual agency:

“…try to imagine working for both parties with opposite interests? You can see how difficult and precarious a feat this is. Although this practice does exist (it is called dual-agency), it is uncommon and it is recommended that you do not become a party to it. The agent works for the buyer or the seller, not both.”

Beyond conflict of interest, buyers — particularly tech savvy do-it-yourself buyers, should be cautious about rushing into this situation without selecting a buyer agent:

“If you must look at it sooner, try to remain tight-lipped and know that the seller’s agent will not be telling you a complete story. Make the visit a quick one and know its purpose is only to learn if you want to pursue the home further; with your own agent of course.”

In Massachusetts, and probably other states, a listing agent in the situation above might deny compensation to the buyer agent if they do not carry the buyer across the threshold on the first private showing arguing they were the “Procuring Cause” of the sale.

If you want to use a buyer agent, particularly one offering a commission rebate (100% in our case), the buyer agent must act as your spokesperson throughout the transaction, beginning the first PRIVATE showing! That means no speaking to a listing agent outside an open house, at least here in Massachusetts.

For more information on Dual Agency, see our recent blog post:
Dual agency: The illusion of individual savings & the real cost to society
http://bit.ly/RepealDualAgency1

Bill Wendel
The Real Estate Cafe
http://Twitter.com/RealEstateCafe

Comment on 6 Reasons a Starter Home Might Not Be the Place to Start by keramische tegels

keramische tegels — Fri, 08 Jan 2010 21:36:53 +0000

If only more people could see it this way. Would make things a lot better for sure!

Comment on Annual Free Credit Report Program – The First and Easy Step to Getting a Mortgage by Marlin Prye

Marlin Prye — Mon, 28 Dec 2009 04:03:37 +0000

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Comment on What’s a Good Price for an Umbrella Policy? by Carroll B. Meerriman

Carroll B. Meerriman — Sat, 26 Dec 2009 20:00:46 +0000

Thanks for the post. I hope you have a great day! Im spending much time lately learning how an insurance policy works.

Comment on Top 5 Resources for Reverse Mortgage Information by Elizabeth Dennis

Elizabeth Dennis — Tue, 22 Dec 2009 22:07:15 +0000

Newbuyer always welcomes high-quality buying resources. If you would like to share yours about Reverse Mortgages, send them along.

Comment on Compare Auto Loan Rates by NewBuyer Weblog » Compare Auto Loan Rates | Best Online Car Finance

NewBuyer Weblog » Compare Auto Loan Rates | Best Online Car Finance — Tue, 22 Dec 2009 18:00:36 +0000

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Comment on Can I Afford to Buy a Home? And Do I Want To? by Julius Miller

Julius Miller — Tue, 22 Dec 2009 04:06:36 +0000

Hi!. Hey for the blog. I