Preferred Buyer Pledge
Mike Martin
Northwood Realty Services
This pledge describes details of our relationship. Read carefully.
Mike Martin guarantees you the following services:
- I will be strictly accountable to you. I will be loyal, thoroughly professional and confidential in all matters related to this transaction.
- I will continuously search the Multiple Listing Service for all homes listed by all real estate companies to make sure you know about every home for sale in your price range.
- I will arrange private showings for any and all homes you wish to see.
- I will represent you in the negotiation and purchase of any 'for-sale-by-owner' home or new construction home.
- When you find the right home I will explain all pertinent real estate documents to you. Together we will prepare an 'offer to purchase' that is in your best interests.
- We will discuss strategies about an offering price based on market analysis, terms, possession date, home loan terms, interest rates, down payments, repairs, and counter and multiple offers, among other items.
- I will write and present any offer on your behalf to a seller's agent, to a cooperating 'for-sale-by-owner' seller or to a cooperating builder and always negotiate in your best interests to get you the best terms possible.
- I will answer your questions or direct you to those agencies with the information you seek.
- I will recommend reputable service providers for home inspections, title insurance, home warranties and repair work for you to choose from, coordinate all inspections and appraisals and supervise the closing process.
- I will help you find and secure a home loan. I can arrange a free, no-obligation meeting with a reputable lender.
In return, I ask you to agree to:
- Immediately seek pre-approval from a lender.
- Notify Mike Martin of any listed homes you wish to inspect.
- Promptly inform Mike Martin of any changes in timing, requirements or other critical information, which would affect our mutual agreement.
- Enter into all contracts in good faith and make every effort to meet deadlines and clear contingencies as required by contract.
- Inform sellers, sellers' agents, 'for-sale-by-owner' sellers and builders that 'we have retained Mike Martin to represent us in our home purchase'. For new construction, arrange with me to accompany you on your first visit.
- Make any and all offers on any home through Mike Martin.
- Understand that you are under no obligation to purchase a home.
- Understand that in return for providing these services, you owe Mike Martin nothing if you do not buy a home. My fee is paid by the seller of any home that you purchase, or any 'for-sale-by-owner' seller or builder, if they 'cooperate' with REALTORS®.
- If you find a home that is 'for-sale-by-owner' or being sold by a builder, you agree to notify Mike Martin immediately and he will contact the seller to determine whether they 'cooperate' with REALTORS®.
- If I meet or exceed your expectations, you agree to recommend my services to your friends, family, neighbors and colleagues.
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