Should I Use a Real Estate Buyer’s Agent?

Reblogger Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Real Estate Agent with Get Results Team...Just Call (408) 252-8900! CalBRE# 00901962 Lic.1985
http://activerain.com/droplet/4YMW

In California, Sellers pay for the Buyer agent fee, so buyers can choose the absolute best agent to negotiate against the Seller and the Seller pays their fee. In other states, buyers pay the buyer agent fee, but it is often still "worth it".

The majority of lawsuits in California occur with unrepresented parties who thought they were "saving money" but instead bought themselves expensive and stressful trouble. 

Original content by Loreena and Michael Yeo #9001154

I could completely understand that everyone wants a “good” deal when buying anything at all. I do! I do! I certainly do understand! I’m so frugal with money that it would hurt me thinking I spent a penny more than I should.

I had a wonderful client who just started his process of “considering” a move closer to work. Nothing too serious. Therefore, he didn’t call me first. Then, he visited an Open House of a house that peeked his interest. At the Open House, he was greeted by the Listing Agent (LA). The LA mentioned to my client, “Without an agent (representing you), the Seller can sell the house $10,000 cheaper”. 

Getting a real estate buyer's agent gives you an edge in buying a home in Frisco TX.

He called me after the Open House. 

My honest answer is that I couldn’t give him a non-biased answer because so much of what I would make is tied to the answer.

I said, “If I wasn’t an agent but just a friend, I’d say Use an agent 100% of the time”. He doesn’t know what he doesn’t know. Guess who is the Listing Agent there to represent? (Seller).

What happens during the inspection negotiation? Will he receive a fair repair negotiation that serves him and his family well?

We discussed about the house the next day after I had a chance to see it in person. Great home with alot of character. But knowing him (& his life season), it wouldn’t fit his lifestyle because of some flaws of the floorplan. And how that impacts resale when he does go to sell it. These may be just some conversations he wouldn’t have with the Listing Agent – who is there to sell the house! 

I had to bring the question up again. If all the unknowns he’s about to step into is worth 10K more to him.

I felt bad in that situation because I felt like a 10K burden. But in fact, because that didn’t work out, it caused him to look in another area and he would spend 100K less than when he could jump into that deal and charging on that path.

So, should a buyer use a Real Estate Buyer’s Agent? Every. Single. Time.

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Rainmaker
74,069
Thomas Baker, CRS
Thomas Baker Team - La Jolla, CA
Serving our Clients and Communities since 1984!

In 1996, I became a member of the Real Estate Buyer's Agent Council (REBAC) which at that time, was a private organization and is now a subsity of the NAR. Shortly thereafter became one of the nations first ABRS. I had to disavow sub-agency, and had the irie of Seller's agents throughout my board. A buyer should seek their own representation for all the reasons you talk about and then some. With today's agency, it should be better for the consumer. Buyer's need to be sure the agent will truly represent them. Ask questions and get recommendations!

Jan 13, 2017 02:50 PM #1
Rainmaker
3,515,501
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would only use one if I want to be protected against fraud and other things that can and do happen.

Jan 13, 2017 06:33 PM #2
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Yes, I was also an early member of REBAC, as you might guess.

Jan 13, 2017 07:20 PM #3
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Loreena Yeo is one sharp cookie!  Great post for a re-blog and I totally agree with you - the majority of lawsuits do happen as a result of unrepresented buyers - and they keep doing this!  Imagine how much more money and time they would have on their hands had they used an agent!   

Jan 13, 2017 07:33 PM #4
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