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MYTH-information - Competition for Finding a House is Great for Buyers!!!
It "sounds" logical, right? If you're a buyer looking for a home, why not do your own shopping (properties abound on the web - listed properties, By Owner properties, New Construction! There's virtually no end to the choices. And you can talk to some agents, too, have them do some of the leg-work for you. After all, they likely know more about the areas or the floorplans, so if you get their help you might even do better, right?
You've heard it all before - "two heads are better than one" (so four or five must be even better, right?). Buyers frequently say things like "I want to do some of my own looking, but if you find me a house first, you'll get the deal" or they'll talk to several agents, give them each enough information to give the agents an idea of what they're looking for, thinking"let several of them look, and whoever finds the house gets the deal". It can't really surprise anyone that buyers might think this way. It's pretty much standard practice when shopping for nearly everything. What do you do when you're looking for a computer, a new coat, a car? You comparison shop! Are you "loyal" to one salesman? Not ... more
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