For All Your Real Estate Needs In Illinois, Iowa, and Wisconsin
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(815) 777-1776
(815) 777-1776 office (815) 880-7827 fax
117 Irvine St. Ste. C, Galena, IL 61036
sales@oldnorthwestlandco.com
Telephone: 815.777.1776
Office Hours 7 Days a Week
© 2009 Old Northwest Land Co, inc.,
a Galena Real Estate property company
All Rights Reserved.
Benefits to Buyers
Click To View Ten Reasons To Use A Realtor
Click To View Home Buying Process
Click to View New Home Buyer’s $8000 Tax Credit Info
Representation
Traditionally, buyers of residential real estate worked with real estate
brokers or sales associates on a non-agency basis. In other words, the sales associate
you worked with acted as the legal agent of the seller and not as the buyer's legal
agent.
In 1995, a new Illinois law took effect changing the traditional consumer-broker relationship. Now, it is presumed that the agent you are working with is your designated agent. As a buyer, you have access to listings available to your designated agent through the multiple listing service.
Negotiations
As a buyer, you will also receive other services from your designated
agent such as financing information, assistance in determining your particular price
range, and assistance in facilitating the closing.
Typically, the buyer and the broker company will enter into a written brokerage agreement. This agreement will identify your designated agent, define the scope of your agent's authority, and will spell out contractual rights and duties between you and the designated agent.
Home Warranty - Home Security Plan
Sell or purchase your home with confidence. We
provide protection against the costs of repairing or replacing mechanical and structural
systems in your home which fail due to normal wear and tear. We offer a residential
warranty product which we believe is the best on the market and provides another
effective tool to market your property. The warranty is provided at NO COST DURING
LISTING PERIOD. *Homes carrying the warranty sell 17% faster and 2% closer to asking
price. The warranty can provide protection to both buyer and seller from unexpected
and unnecessary additional cost of repair or replacement of home components not covered
by home-owner insurance. e.g. mechanical failure (*National averages) Our warranty
plan is offered through Home Security of America, Inc.