|Seller's Agent||Exclusive Buyer's Agent|
|Can show you all the homes in the MLS (Multiple Listing Service).||Will show you all the homes in the MLS, For Sale By Owner properties, foreclosures, even properties that are not on the market!|
|Can tell you the price the seller's are asking for homes but cannot suggest an offering price.||Will calculate the fair market value of the home for you, and assist you in developing an offering price by using comparable sales data.|
|Can provide "raw" information on comparable homes that have sold in the area. Not allowed to interpret that data for you.||Will provide and interpret information on comparable homes that have sold in the area and help you formulate an offering price and negotiating strategy.|
|Can convey your offer to the seller or their agent and convey their response back to you.||Will negotiate on your behalf through the entire home buying process offering advice and information every step of the way!|
|Can provide you with a "list" of title companies, home inspectors, and other professionals for you to choose from but cannot recommend any particular company or professional.||Will recommend title companies, inspectors, and other professional services you will need!|
|May tell you some general information about the seller.||Can tell you everything they can find out about the seller and their motivation for selling!|
|Must tell the seller everything they know about you, your financial status, and your motivation for buying.||Will keep any information about you confidential if it would weaken your negotiating position!|
|"Thinks" in Seller's terms (i.e.: Get the highest price possible for the home)||"Thinks" in Buyer's terms (i.e.: Get the lowest possible price and best terms for the Buyer, not the Seller).|
West Los Angeles: Baldwin Hills, Bel Air, Beverly Hills, Beverly Hills Post Office, Beverlywood, Brentwood, Century City, Cheviot Hills, Culver City, Hancock Park, Hollywood, Hollywood Hills, Holmby Hills, Ladera Heights, Los Feliz, Malibu, Marina DelRey, Rancho Park, Santa Monica, Silver Lake, Sunset Strip, Venice, West LA, West Los Angeles, Westchester, West Hollywood, Westwood, Wilshire West
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"Location, Location, Location"
A common and phrase in real estate is "Location, location, location". What does this phrase really mean?
"Location" is repeated to emphasize how important the location is to the resale value of a home. A careful choice of location can maximize positive influences on future resale value, and minimize potential negative influences.
A "bad" neighborhood has a drastic impact on the resale value of a home. Almost anything on a home can be repaired, replaced, or remodeled to make it more livable and/or more saleable. But the area around the home cannot be changed by one homeowner. The only way to sell a home in a bad or declining area is to reduce the price and even then it may take a long time to sell.
"Bad" can mean an area where the homes are not maintained properly. It can also mean a street that has become a heavy traffic artery where it is noisy, or dangerous to try to cross the street.
While no one can accurately predict that a neighborhood will remain the same or improve a sharp real estate agent is aware of trends in the area that might affect the neighborhood in the future. This is especially important if you are moving to a new city and unfamiliar with the area.