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About Our Firm

OUR MISSION

It is the mission of our firm to consistently provide the highest quality, most innovative and exceptional real estate service available on Long Island and the Palm Beaches. Our client's needs always come first. It is our endeavor to always provide value that exceeds our client's expectations. We will be positive, helpful, and enthusiastic at all times. We will run a clean, organized, and efficient operation, and always adhere to the highest standards of integrity and ethical business practices. We will constantly strive to create, develop, and implement new ideas, strategies, and services that will benefit our clients. We will continue to seek continuing education in all aspects of our business to increase the service we offer our clients.

CORE VALUES

HONESTY & INTEGRTIY - at all times and in all situations

EXCEPTIONAL SERVICE - to become the standard bearers of unbeatable service in real estate. We keep our client's #1 Goal our #1 Goal.

OPEN COMMUNICATION - to always communicate with our clients and keep them informed every step of the transaction. We say we will do, sometimes more, never less.

WORK ETHICS - to always perform with confidence and professionalism. We strive to continually improve our services to exceed our client's expectations. We provide a passionate, ethical level of service to all of our clients.

Will it cost me more money if I use a Buyer Agent or Buyer's Broker?

No. It will probably save you money! We are Realtors® and are typically compensated the same way as any other Realtor. Our fee is included in the purchase price and dispersed by the seller's attorney at the closing, the same way as seller's agents are paid.

How can you save me money?

Since we work for the buyer, we are not trying to get the seller the highest price for their property. We are working to get you the best price, and thus, will usually save you money over a traditional seller's agent. This is part of our legal obligation to you.

If you are paid a percentage of the sale price, isn't it in your best interest to keep the price high?

First and foremost, we have a contractual obligation to work for our buyer's interest. Our agents always attempt to negotiate a lower price for you. As your advocate, our obligation to you is fiduciary in nature. Our firm is legally bound to represent your interests in all aspects of the home buying process.

Second, for each $1,000 we save our clients (assuming our usual compensation of 2-3% of the purchase price*) our firm will forgo an additional $20-$30, which would then be split with our agent, each getting 1%-1.5%. For each $1,000 we save you, our agent's commission on that savings is reduced by only $10-$15. LI House Hunters will never put our business or our client relationships in jeopardy for a few extra dollars. We always act in our client's best interest.

Third, we have established our business and our reputation on satisfied customers. A job that is well done will lead to further recommendation and new buyer referrals.

*Commissions vary - this is used for illustration purposed only.

Do I need to sign a written Buyer Agency Agreementt?

Yes, it outlines our firm's duties to the buyer and discusses how the agency relationship works. It is very similar to a listing agreement when you are selling a home. As exclusive buyer's agents, we use our expertise and knowledge to find you the most advantageous home at the lowest price and in the most efficient manner. It commits us to work for you as a principal/client-agency relationship, providing a much greater degree of representation and service. This agreement protects the buyer client and the buyer's agent in a clear and consistent manner.

LI House Hunters & PB House Hunters would be more than happy to email you a copy of this agreement for you to view.

How long is a buyer agreement for?

It can be drawn up for any length of time, from one day to several months. Most clients prefer it to be from 60 -120 days, however, any time frame is fine.

Do we owe you anything if we don't buy a home?

No. We are only compensated when there is a successful closing.

What if we sign an agreement and later decide we don't want an Exclusive Buyer Agent?

Our agreement states that if our client is not satisfied for any reason, or simply changes their mind, the agreement may be cancelled.

If I skip using an Exclusive Buyer Agent and go directly to the seller's listing agent, won't I save more money and have less confusion?

Absolutely NOT. The fee that we would have received, which you are paying for anyway as part of the purchase price, will just go to the seller's listing agent and agency. They will collect double the money, and you will only get "dual agency" or no representation at all. The listing agency works directly for the seller's interests with legal obligations to negotiate for the highest possible price at the best possible terms. The listing agency must disclose all of your personal and financial criteria, including income, assets, mortgage status, buying motivations, contemplated offers, etc. to the seller. We keep all of your information confidential. A seller's agent is in violation of the law if they do anything to help or benefit the buyer. That means that the seller's agent cannot give you any information that puts their seller client at a disadvantage.

Other agents have told me that they are the only agent who can show the houses listed with their agency.

This statement is NOT true. New York's Department of State (DOS) has ruled that the buyer always has the right to choose their own real estate broker/agency. In 1991, New York enacted a law requiring a written disclosure form which states who the broker is clearly representing. This form must be signed at first substantive contact with buyer and sellers and, dual agency requires informed consent of all parties in the transaction. If the buyer chooses to be in a buyer agency agreement, any home listed by a real estate agent must be made accessible to a certified buyer's agent. Therefore, a buyer's agent can have access to show you many more homes than any ordinary seller's agent. In Florida, you have the right to have an Agent Represent your interest by signing a Single Agent Notice. You have a choice to be represented!

If I am looking in a certain neighborhood maybe I should go with a local agent who is more "familiar" with that neighborhood.

NOT necessarily. Please remember that traditional agents are trying to sell you something, so they may only tell you what you want to hear to make a quick deal. By law they cannot tell you "what is wrong" with any of their listings and neighborhoods, how to negotiate, if the price is too high, or any other information which may compromise the seller's ability to sell at the highest possible price. Our agents have successfully closed on properties throughout Long Island (Nassau & Suffolk Counties), New York and in Palm Beach County, Florida.

What if I have seen a property with a seller's agent and now I want to use an Exclusive Buyer Agent to buy that home?

You would probably be better off calling us before you go to see the house. If you went to an open house, you may not be bound to that agent. However, if you called from a sign or advertisement, you may have to continuing working with that agent to purchase that particular property. There are many factors involved. Please call us for an assessment of you particular situation before you go any further.


Please contact us if you have any further questions. We want you have a FULL UNDERSTANDING of the home buying process.