Regency Realty Group
Making Maine Home!
Regency Realty Group • 762 Main Street South Portland, ME 04106 • (207) 253-1500
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Why Use A Buyer Agent
 
A common misconception among buyers is - if I look at a house with the listing broker and I want to place an offer on that house, then the listing broker will act in my best interest and help me get the best deal. Listing Brokers sometimes will work for the seller only and sometimes for both the buyer and the seller. Some sellers will not allow the listing broker to act as a disclosed dual agent. If agents are dual agents, their duties to both the seller and the buyer are limited. They CAN NOT disclose:

1. The willingness or ability of the seller to accept less than the asking price.
2. The willingness or the ability of the buyer to pay more then has been offered.
3. Confidential negotiating strategy not disclosed in the sales offer as terms of the sale.
4. The motivation of the seller for selling and the motivation of the buyer for buying.

Maine Real Estate - Homes, Condos, Commercial Real Estate Having a buyer agent work for you might be the best decision you make next to your decision to buy Real Estate. Most buyer agents do not charge a fee, but may ask for a retainer fee up front, but paid back to you at closing. A Buyer Agent by definition means a brokerage agency that is engaged by and REPRESENTS the buyer in a real estate transaction. The key words are engaged and represents. If the buyer and agent are not engaged by a written contract than the agent does not represent the buyer and can not offer ANY advice. (Effective July 1, 2006)

A Real estate broker acting as a buyer agent has a responsibility to the buyer. Click
here for an explaination in detail what they are.
 
Why Choose Regency Realty Group

In one word: Experience

Regency Realty Group has agents that cover an area from Kittery to Rockland to Rangeley, but predominately the Greater Portland Area. We have agents that specialize in the following areas of Real Estate:

  • Single family homes
  • Condos
  • Multi units
  • New construction
  • Land purchases
  • Land development
  • Property management
  • Yearly and seasonal rentals
  • Commercial sales and leasing
If you need an agent for one or more of the above reasons we have a broker for you. One of our Owner / Partners would be happy to meet with you personally and connect you with the best broker for your Real Estate needs.
 
Being Pre-Approved and Why

Sellers have a very different view of a Real Estate transaction then do Buyers. A seller wants to know that the potential buyer walking through his or her home is, at the least, capable of getting financing to purchase his home.

A buyer in most cases can get pre-approved over the phone in just minutes. Most lenders will send a letter to the buyer stating that he or she has been pre-approved. This letter submitted with the offer can make the difference of having an offer accepted or not accepted.

Getting pre-approved by a lender starts with gathering information such as income and long term debts. With that information, the lender can estimate the maximum house price a buyer should be considering. It is important that a buyer know how much they can afford in order to look at homes in the correct price range.


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Regency Realty Group 762 Main Street South Portland, ME 04106 (207) 253-1500