| Welcome to my web site. |
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Whether you are just browsing, or have specific real estate needs, I hope you find the tools and content here helpful.
Please take your time to look around, and I sincerely hope to hear from you, or answer any questions you have regarding real estate in the Bay Area.
Sincerely,
Faye Weng |
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Latest trends in kitchen cabinets
Fri, 16 May 08 00:00:00 -0700 |
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Denied short sale, struggling homeowners look for way out
Fri, 16 May 08 00:00:00 -0700 |
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Be careful what you say about landlord online
Thu, 15 May 08 00:00:00 -0700 |
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Neighbor sabotage kills home sale
Thu, 15 May 08 00:00:00 -0700 |
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Moving to a new city? Web's got you covered
Thu, 15 May 08 00:00:00 -0700 |
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Buying house before marriage can be risky
Thu, 15 May 08 00:00:00 -0700 |
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Home buyer sues when appraiser misses leaky roof
Wed, 14 May 08 00:00:00 -0700 |
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Seniors, leave apartment painting for the pros
Wed, 14 May 08 00:00:00 -0700 |
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Homeowners react to falling real estate values
Wed, 14 May 08 00:00:00 -0700 |
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Best way to divvy up house after failed relationship
Tue, 13 May 08 00:00:00 -0700 |
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Unpermitted upgrades put seller in pickle
Tue, 13 May 08 00:00:00 -0700 |
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Homeowners avoid tax on $1 million capital gain
Mon, 12 May 08 00:00:00 -0700 |
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| I am a realtor who believes in continuous education, and I am committed to perfecting my services. Here are some of the on-going awards and designations I’ve earned: |
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| Browse Blogs |
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Buyer FAQ |
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Working With a Real Estate Agent |
 Can I use an agent for a new home?
How do I find a real estate agent?
How do you find a good agent?
How much does my real estate agent need to know?
What about a buyer's agent?
Where can I get information on buyer agents? |
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Question: Can
I use an agent for a new home?
Answer: Yes,
however buyers should be aware
of the differences inherent in
working with sales agents who
are employed by the developer,
rather than traditional real
estate agents.
Builders commonly require that
an outside agent be present, and
sign in, the first time a prospective
purchaser visits a site before payment
of commission even is discussed.
At times when buyers use an advertisement
to find the development themselves
first, builders can refuse to pay
any commission regardless of how
helpful an agent may become later
in the process. It is advisable to
call the development first and inquire
about their policy on compensating
real estate agents if you are using
one. |
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Question: How
do I find a real estate agent?
Answer: Getting
a recommendation from a friend or
work colleague is an excellent way
to find a good agent. Be sure to
ask if they would use the agent again.
You also can call the managers of
reputable real estate firms and
ask them for recommendations
of agents who have worked in
your neighborhood. In any case,
whether you are a buyer or a
seller, you should interview
at least three agents to give
yourself a choice.
A good agent
typically works full-time and has
several years of experience. If you
are a seller, you should expect to
review a comparative market analysis,
which includes recent home sale
prices in your area, when you
talk to a prospective agent. |
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Question: How
do you find a good agent?
Answer: Getting
a recommendation from a friend or
work colleague is an excellent way
to find a good agent, whether you
are a buyer or a seller. Be sure
to ask if they would use the agent
again.
You also can call
the managers of reputable real
estate firms and ask them for recommendations
of agents who have worked in your
neighborhood.
A good agent typically
works full-time and has several
years of experience at minimum.
If you are a buyer,
you don't usually pay for your
agent's services (in the form of
a commission, or percentage of
the sales price of the home). All
agents in a transaction usually
are paid by the seller from the
sales proceeds. In many states,
this means that your agent legally
is acting as a subagent of the
seller. But in some states, it's
legal for an agent to represent
the buyers exclusively in the transaction
and be paid a commission by the
sellers. You also can hire and
pay for your own agent, known as
buyer's brokers, whose legal obligation
is exclusively to you.
If you are
a seller, you should interview
at least three agents, all of whom
should make a sales presentation
including a comparative market analysis
of local home prices in your area.
The best choice isn't always the
agent with the highest asking price
for your home. Be sure to evaluate
all aspects of the agent's marketing
plan and how well you think you can
work with the individual. |
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Question: How
much does my real estate agent need to know?
Answer: Real
estate agents would say that the
more you tell them, the better they
can negotiate on your behalf. However,
the degree of trust you have with
an agent may depend upon their legal
obligation.
Agents working
for buyers have three possible
choices: They can represent the
buyer exclusively, called single
agency, or represent the seller
exclusively, called sub-agency,
or represent both the buyer and
seller in a dual-agency situation.
Some states require agents
to disclose all possible agency
relationships before they enter
into a residential real estate
transaction. Here is a summary
of the three basic types:
In
a traditional relationship, real
estate agents and brokers have
a fiduciary relationship to the
seller. Be aware that the seller
pays the commission of both brokers,
not just the one who lists and
shows the property, but also
to the sub-broker, who brings the
ready, willing and able buyer
to the table.
Dual agency exists
if two agents working for the
same broker represent the buyer
and seller in a transaction. A
potential conflict of interest
is created if the listing agent
has advance knowledge of another
buyer's offer. Therefore, the law
states that a dual agent shall
not disclose to the buyer that
the seller will accept less than
the list price, or disclose to
the seller that the buyer will
pay more than the offer price,
without express written permission.
A buyer also can hire
his or her own agent who will
represent the buyer's interests
exclusively. A buyer's agent usually
must be paid out of the buyer's
own pocket but the buyer can trust
them with financial information,
knowing it will not be transmitted
to the other broker and ultimately
to the seller. |
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Question: What
about a buyer's agent?
Answer: In
many states, it's now common for
an agent to represent the buyers
exclusively in the transaction and
be paid a commission by the sellers.
More and more buyers are going a
step further, hiring and paying for
their own agent, referred to as buyers
brokers. |
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Question: Where
can I get information on buyer agents?
Answer: For
information on buyer agents, contact
the your area's Realtor association
or National Association of Exclusive
Buyers Agents at 191 Clarksville
Road, Princeton Junction, NJ 08550;
(800) 786-1570; www.naeba.org |
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HOME VALUATION |
| Monitor the value of your property, get an
idea of what your home is worth today. |
 Contact
Faye Today |
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LETTERS FROM CLIENTS |
| Nothing makes me more proud and satisfied
to know that I've served my clients well. |
| Read
All |
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FEATURED PROPERTIES |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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N/A |
| Asking Price |
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$549,000 |
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| Virtual Tour |
| Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,434 |
| Asking Price |
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$698,500 |
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| Virtual Tour |
| Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,024 |
| Asking Price |
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$486,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1213 |
| Asking Price |
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$535,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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3/2.5 |
| Sq ft |
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1312 |
| Asking Price |
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$775,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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5/3 |
| Sq ft |
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N/A |
| Asking Price |
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$1,399,950 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2.5 |
| Sq ft |
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1,254 |
| Asking Price |
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$750,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/1 |
| Sq ft |
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1,130 |
| Asking Price |
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$935,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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4/3.5 |
| Sq ft |
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2,951 |
| Asking Price |
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$1,626,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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S. San Francisco |
| Bed/Bath |
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4/.3.5 |
| Sq ft |
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2,783 |
| Asking Price |
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$1,275,000 |
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Virtual Tour |
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Contact Faye |
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