What distinguishes Buyers Only from traditional real estate companies such as Century 21/ERA, Re-Max, etc.?

Buyers Only accepts no listings. We are exclusively buyers agents. We only represent buyers. Our duty of loyalty is only to the prospective purchaser, the person who brings the money to the closing table. Our job is to determine what you are looking for, the price you want to pay, and then shop everyone else's listing to help you find your property. We do an analysis of your selection. How long has the property been on the market? Is the seller divorcing, or is the property part of an estate? Is owner financing an option? We compare the subject property to other similar properties that have recently sold. If a price is agreed upon we schedule an inspection of the property to look for issues that our walk through may have missed. Often we use the inspection report as a negotiating tool, even after a tentative price has been agreed upon.

A real estate broker and his or her salespeople are agents of a party to a real estate transaction. They either represent the seller or the buyer. They cannot  effectively represent both sides of a transaction because buyers and sellers are, by definition, on opposite sides. The seller wants to obtain the best price possible for his/her property. The purchaser wants to pay as little as possible.

Most real estate companies represent the seller. They may have agents working who claim to be buyers representatives, but essentially most real estate companies are driven by their inventory of "listings. A listing agreement is a written agreement whereby the REALTORŪ acts as the sellers agent to sell the listed property to a prospective buyer for a price set by the seller. The REALTORŪ  is paid by the seller, usually an agreed upon percentage of the selling price (commission) therefore, the higher the selling price, the larger the commission! The REALTORŪ  is the sellers agent and owes the seller a duty of loyalty.

By law, they do not have any duty of loyalty to the prospective buyers they are showing the sellers property to.Indeed it is their legal duty to obtain the best price for their principal, the seller.

Florida law now requires REALTORSŪ to tell prospective purchasers in writing exactly who they represent. This law was crafted in part to protect prospective purchasers from revealing too much information to the friendly real estate salesperson (sellers agent) who spent a whole weekend or two driving a prospective purchaser around looking at properties and gaining the trust and confidence of that purchaser. Imagine falling in love with a property listed at $175,000.00. You want to see how eager the seller is to sell so you tell the salesperson to submit an offer for $160,000.000, telling the agent your wife loves the place and, if necessary, you will go up to the sellers listed price to get the property. That friendly agent owes the seller the duty of loyalty and therefore is duty-bound to share your secret. Your offer is rejected and the seller confidently waits for the new offer, at the sellers price!