REAL ESTATE TIPs


Introducing the Massachusetts Real Estate Advisor website

This site has lots of real estate information that anyone who’s thinking of buying or selling a home should read. It contains comprehensive information as a FREE No-Obligation Service.

Become a more informed buyer or seller

It is often difficult to get relevant information when you are looking to buy or sell a home. I hope that this site helps Buyers and Sellers in My Neighborhood (Arlington, Somerville, Cambridge, Medford and surrounding towns) to make more informed real estate decisions.

Some of what you’ll find on the Massachusetts Real Estate Advisor website

  • 11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale
  • 27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar
  • How “For Sale by Owners” Can Get Top Dollar For Their Home
  • How to Beat Out Other Buyers to Hot New Listings
  • Buy a Home With No Money Down
  • FREE Special Report – “6 Mistakes to Avoid When Moving to a Larger Home”
  • FREE Special Report – “How To Stop Paying Rent and Own Your Own Home”
  • Find Out How Much You Can Afford in Your Next Home
  • How to Negotiate a Better Price

NO ONE DOES!

That is, unless you have a written agreement with the agent. The Massachusetts Licensing Board’s Consumer Brochure on Real Estate Representation says, ‘Unless you have a written agreement, you should not expect the agent to promote your best interests or to keep your bargaining information confidential.

REAL ESTATE TIP for buyers and sellers:

Before your first meeting with a real estate agent, make sure you understand how Real Estate Representation works in Massachusetts:

  • A SELLER’S AGENT has the duties, as defined by law, to represent the seller’s interest in the sale of the property.
  • A BUYER’S AGENT has the duties, as defined by law, to represent the buyer’s interest in the sale of the property.

Simple enough. However, it can get complicated when you consider that you can have:

  • DUAL AGENCYwhere a real estate agent represents both the seller and buyer, but only if both parties give written concent to the agent to represent both parties. Or,
  • A FACILITATOR where the real estate agent assists the seller and buyer in reaching an agreement but does not represent either party and has no duty to keep information received from the seller or buyer confidential.

SUMMARY:

Before you share information with an agent about your need, motivation, time line or financial concerns, be sure you know if the agent is working in your best interests or not. Find out WHO THE AGENT REPRESENTS and GET IT IN WRITING!

NEXT ACTION:

Download and read the The Massachusetts Licensing Board’s Consumer Brochure on Real Estate Representation before you talk with an agent about buying or selling a house.

MY CLOSING WORDS:

 A good real estate agent will give you an Agency Disclosure Form and explain the different types of agency relationships in your first meeting. But, you’ll have enough other things to think about without having to hear about this for the first time.

– Merle Braley