Engaging Buyer's Agent in Varied Areas

8 years ago

We are interested in relocating but are unsure as to how to proceed with a Buyer's Agent. In our history we've engaged with a Buyer's Agent within a specific area, and we signed an exclusivity agreement.

However, this time, we're open to many different areas (all within Massachusetts) so are wondering how to do so. If we get an agent who is in one area, would he/she be privy to (and knowledgeable about) advance notice in other areas in the state? Is there a possibility of having perhaps 3 agents, all in different areas? Of course that would mean not signing an exclusivity contract.

Given the current market, we are hoping that we can find someone (someones) who can alert us to homes coming on the market before they hit the "public" sites. All we're finding on our own are homes that we aren't interested in. We need someone in our court, but don't know how to proceed since we're open to multiple areas of the state.

Thoughts? Questions? Thanks!

Featured Answer

ncrealestateguy

8 years ago

You can sign an Exclusive Buyer Agency Agreement with as many agents as you like as long as it states separate, clearly defined areas for each agreement. This is done all of the time. Good luck.

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Comments (9)

Patrick Blackmon (8a)
8 years ago
If you want an agent to give you some kind of inside scoop on "coming soon" properties or pocket listings you'll be expected to sign an exclusive agreement with him or her. These agents are already working with people under exclusive agreements who want exactly what you're looking for. It never hurts to ask, though. Have you tried interviewing an agent yet?
Suzieque thanked Patrick Blackmon (8a)
Suzieque
Original Author
8 years ago
No, not yet, Patrick. Yes, I certainly understand the agents' aspect. Just not sure what we should do and how to proceed, since we are quite open, town-wise (with some restrictions). Fortunately Massachusetts isn't that big, but we just don't know how to proceed at this point. There is precious little inventory out there!
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palimpsest
8 years ago
You may be able to make an agreement where the agent is exclusive within certain geographic boundaries.
Suzieque thanked palimpsest
C Marlin
8 years ago
I had the same thought as palimpsest. You really need three different agents, one who knows each area.
Suzieque thanked C Marlin
Suzieque
Original Author
8 years ago
Well, thank you all. You've provided great info on how we will proceed.
schnoodlemom
8 years ago
Suzique, if you need any help in Western Mass, I can help you.
Suzieque thanked schnoodlemom
Suzieque
Original Author
8 years ago
Thanks, schnoodlemom. What area of Western Mass? Like Stockbridge? Monson? That type of area? Too far for us, I'm afraid. We're more Central or East.
schnoodlemom
8 years ago
I am in the Springfield area, but if you need people in Worcester County or Boston, I can refer you to them. Let me know if you’d like that and we can email.