Gananoque, On
FAQ #7- I WANT TO BUY SO WHY NOT CALL THE NUMBER ON THE "FOR SALE" SIGN?
You could call the listing agent WHO WORKS FOR THE SELLER but why would you want to?
He WORKS FOR THE SELLER!
When you begin your house hunting adventure, I'm sure you will begin online, just like the very high percentage of other buyers. You might request further information from the listing agent online. After all, isn't this the person who will know the most about this property? HE WORKS FOR THE SELLER!
If that agent is effectively doing their job, they will immediately ask you if you are already working with another agent?
Why?
Because as an ethical Realtor, we do not work with another Realtors clients.
The best answer you can give to this question is "Yes, I have a qualified Realtor representing me, thank you!"
Most efficient and ethical Realtors will arrange for a Buyer's Representation Agreement to be completed. This effectively has you HIRE us to represent you throughout your house buying adventure. You will be protected as a client and it will be your needs that are met.
Many people mistakenly believe that you should only interview Realtors when you're listing your home for sale. See my article on this subject.
But seriously, you're making the largest purchase of your life and you're not going to interview Realtors to see who will best represent you in not just finding the home, but negotiating the best price and conditions for same? Ironing out any wrinkles that will pop up in the process?
You would rather call the guy WHO WORKS FOR THE SELLER???
Who was the Buyer's agent on the house that sold down the street?
Did you know that the Realtor who actually SELLS the home doesn't get their sign on the lawn?! You don't see SOLD by Susan Emo on the many homes I've found for Buyers over the years. The Listing agent gets to put the SOLD sticker/rider on his own sign even if he didn't sell it!! The public rarely knows who brought the Buyer to the property so it is sooooo important to ask around. (of course the opposite is true when it is my listing and another Realtor found the Buyer)
Ask around, get referrals from your friends/family/coworkers . . . who did a great job for them when they last bought a property? ( Who didn't do a great job!! ) You might find the same names popping up and they're the ones to call.
Arrange to meet with them to see if it will be a good fit - not all personality types work well together.
Find out what their business is like: Not all Realtors are good Buyer Agents - they might just exist to list!
Ask them what their Sale to List price ratio is (meaning what kind of negotiator are they? Do they fight hard for their Buyer or do they cave?)
What percentage of their business comes from referrals?
Do they have to resort to plastering their face all over the newspaper and bus benches in Ego Ads to get their business?
Do they have to hold Open Houses each weekend to capture unsuspecting Lookie-Lou's as prospective buyer clients?
When you have interviewed several and made your choice, make sure the Realtor protects you in a Buyer's Representation Agreement which will run for a specific time period and magically turns you into a Client instead of a mere Customer! THEY WILL THEN BE WORKING FOR YOU!!!
In this Agreement, it will specify what happens if you decide you want to buy a home that is currently listed for sale with the same Brokerage. There are very detailed rules and regulations that the Realtor MUST follow. It doesn't have to be the Realtors own listing either, but any listing with the Brokerage.
Gone are the days where you should call the number on the sign. You will NOT get a better deal. That guy WORKS FOR THE SELLER!!!!
Now that you have your own qualified representative, when you're house-hunting online (and we know you do!) don't make contact with the listing agent . . . provide your own Realtor with any listings you're interested in. Allow them to speak to the other agent so as not to inadvertently divulge any information that would help the Seller!! Allow YOUR Realtor to do the work you've hired them to do.
And, have fun! House hunting should be fun. It has always been for my clients!
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