The Philosophy of Real Estate According to Jim Miner, Realtor
 

 

In two words: "TOTAL DISCLOSURE".

When representing a seller, the seller must be aware of every item that can cause resistance on the part of a potential buyer.


Every seller must be aware of every home that has sold in the area, the price and marketing time.


Every Seller will have a CMA (Comparable Market Analysis) to help establish price, and an additional CMA (Competitive Market Analysis) to help establish marketing time. These CMA’s together will help establish a price to use for the initial listing price.


Every seller should have their home pre-inspected to take care of items that can be “repaired” rather than “replaced” at the request of the buyer after the contract has been negotiated, and a selling price has been established.


Sellers are not obligated to replace, however, the reality is the seller will replace at Sellers expense, most items found in an inspection that will allow the buyer to continue with the purchase. (See Inspection Addendum under Forms)

When representing a buyer, the buyer must be aware of every home that has sold in the area, the price and marketing time.

The buyer must be aware of defects in a home by using a qualified home inspector. Every Buyer will have a CMA (Comparable Market Analysis) to help establish price, and an additional CMA (Competitive Market Analysis) to help establish marketing time for properties similar to those selected by the buyer(s). These CMA’s together will help establish a price to use for initial offer on a property the buyer(s) have located and are interested in purchasing.


As always, the most important factor in the value of residential real estate is location, location, location, followed by condition.

Price can and will correct poor locations, and poor condition.


Every buyer should have a Contingency in the Purchase Agreement indicating the buyers will have the home inspected by an inspector of their choice. (See Inspection addendum under Forms)


What about Agency, Buyers Agent, Sellers Agent or Dual Agent?

The Real Estate Practice Jim Miner DOES NOT INCLUDE DUAL AGENCY!


Jim believes in representing Buyers, or Sellers, but never both at the same time, so there will be NO DUAL AGENCY in any of Jim’s transactions.


Jim’s Real Estate Practice has allowed Jim to treat many buyers as “customers”.(See Agency Relationships in a Real Estate Transaction) in the Forms section.


Jim believes the word “representation” in Dual Agency is portrayed in a manner Jim cannot subscribe to, therefore, Dual Agency is not used in his Real Estate Practice.


Jim also practices a Dual or Variable Commission schedule for sellers. Be sure to ask brokers and agents about a dual or variable commission schedule when discussing fees with brokers.

REMEMBER, THE FEES FOR BUYING AND SELLING REAL ESTATE, AND THE RENTAL OF REAL ESTATE ARE ALWAYS “NEGOTIABLE” AND NEVER SET WITHIN THE INDUSTRY. BROKERS MAY HAVE POLICIES FOR THEIR BROKERAGE TO FOLLOW, HOWEVER, FEES ARE NEVER SET WITHIN ANY PART OF THE INDUSTRY.


In Summary, Jim will represent buyers, sellers, but never both in the same transaction.

The bottom line: do you want to be sold, or do you want information to make an informed decision? I will help you with the information you need, you make the decision whether you are buying a new home, or selling your existing home, education and understanding are the key.


I will help you with the information you need, you make the decision.


About Jim Miner and Real Estate:

I became a Licensed Real Estate Agent in 1975.


In 1988, I passed the Brokers Exam and became a Licensed Real Estate Broker in the State of Minnesota, and currently have a Brokers License. 


From 2000 to 2006, I coordinated the Continuing Education classes for SEMAR (South East Minnesota Association of Realtors) attending every class as well as other classes for Real Estate Agents, keeping current with issues and items of interest to Buyers and Sellers in the marketplace.


My Preferences in Real Estate:


Representing Buyers and Sellers. I prefer representing buyers, first time buyers and first time buyers to Rochester.

  • Enjoy new construction of all types with many builders.

  • Complete database of every transaction from my first transaction to the last transaction available upon request.

  • Do you want to be sold or represented?

  • I will represent you, and with the knowledge and expertise, I can help you make an informed decision on buying or selling.

  • Experience and Background: 

  • I spent my teaching career as a Business Education teacher, teaching computer applications, business law, accounting, and other business subjects at the high school and college level. 

    • This background allows me to represent buyers and sellers in a unique manor. Education- eaching the selling process or buying process along with the "customs of the Rochester market" - is as important as finding the right property at the right price.

    • I have earned a BS and MS degree in Business.

    • I have many hours of continuing real estate education, keeping up-to-date on relevant real estate issue.

  • I would be honored to be interviewed by you. I want to be your Real Estate Agent, representing you in the Purchase or Sale of Residential Real Estate in the Rochester Area. (See Interview Questions to Ask Realtors).

 

 

 

 

 

 
 
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