Please hear me out before you slam me.
There are several agents in our marketplace who purport to be Exclusive Buyer Agents. They refuse to take listings at all, period, end of discussion. Their reasoning for this is that it's better for buyers if you're completely, totally focused on one end of the business.
I disagree.
Now, I'm not saying that buyers don't need representation. You do, absolutely, need specific, dedicated representation on your behalf.
However, one of the main goals we try to accomplish when locating a home is making sure that we have located an investment where you'll make a profit when the time comes to sell-be it in two years or twenty years. IF your agent is an 'exclusive buyer agent' who would never list and sell your home when that day comes-where is the accountability? What need does that person have to make sure you made a good investment? Sure, they will hope to get some referral action from you at some point, but no need to nurture the long term relationship.
I liken these agents to builder reps-their desire is to get you into ONE house TODAY. What happens down the road isn't of importance to them, since they have completed their job and cashed their check.
It's important to me, though, since I work with both buyers AND sellers. When we look for homes on the buy side, I'm watching to make sure it's a neighborhood that I can come back in and proudly represent you as a seller. I want the opportunity to come in and celebrate that we made a good choice the first time around, so I can sell this house and help you purchase another. I can help advise you in the negotiation because I know how sellers think-just like I can advise sellers because I know how buyers think and what they're currently looking for.
I'm in this to be your Realtor for life (even though that phrase is sadly overused). That means I want to WOW you, so that I can both sell you homes, and sell them for you.
**Please excuse my 'broad brush.' I know that there are excellent Exclusive Buyer Agents-it's the premise that concerns me. Lenn Harley is still one of my real estate heroines, no harm intended on your particular method of business, ma'am.**
Leigh,
A few thoughts. And just thoughts. I like listing better than selling, but do both, willingly...
1. I think many of us accept the responsibility we shoulder when the client gives us their trust. It doesn't occur to me to think of shoving people into something they will regret later, and think poorly of me.
2. If I was considering engaging an Exclusive Buyers' Agent, I would want a committment as to how many clients would be active in his/her world along with me, including all phases of the transactions. Buyers are DEMANDING!
3. Even if I didn't list/sell, I would want another of my colleagues to have the opportunity when my satisfied client gets to that point. Rhymes with "referral fee."
4. I see folks around me who really don't list much, but are giving great service to Buyers. If you stumble routinely, sooner or later folks figure you out.