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The Buyer Who Planned to Outsmart the Buyer Agency System
About six months ago I received a phone call from a couple who were relocating from California to Connecticut and wanted to buy a home in my market area. They said they never sign up with buyer agents and only work with the listing agent so that they can get a better deal. I explained to them that it doesn't work that way here, but they insisted that this was how they planned to get a bargain. Being the curious person that I am, I stayed in touch with them and followed their progress. To their credit they've been remarkably open with me and shared their experiences, which have bruised their wallets and their egos. They decided to make an offer on the first home, a Cape on a lovely street in my market area (not my listing) and paid about $1,000 for an inspection, only to find out that the home had structural damage from termites. I probably couldn't have determined the structural damage from the termites, but I think I could have negotiated on the inspection items better than they did by bringing in experts to price out the repairs and provide the sellers with written estimates.
Next they ... more

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