Archive for January, 2010

HUD details benefits of Exclusive Buyer Agency

Sunday, January 3rd, 2010

The U.S. Department of Housing and Urban Development (HUD) recently updated their helpful Settlement Cost Booklet, a publication aimed at helping consumers shop for a home loan. This resource also provides basic tips about the entire home buying process.

In the ‘Shopping for a House’ section, a necessary update has finally happened: HUD mentions the importance of hiring a real estate agent who actually works for you.

“It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an “exclusive buyer’s agent”, who will be working for you. “

Please visit the National Association of Exclusive Buyer Agents (NAEBA) press release to learn more about why this is such an important step for the government to take, and see a few reasons why consumers will realize and experience tremendous benefits if they hire an EBA to represent them in any real estate transaction.

Click here to download a free copy of Shopping for Your Home Loan - HUD’s Settlement Cost Booklet

Posted in Loan Shopping, Working with your agent, Buyer Knowledge, NAEBA, MA home buying 101 | No Comments »