I’m a Buyer’s Agent!?

By
Real Estate Agent with RE/MAX Executives Nampa, ID

I’m a Buyer’s Agent!?

 

Historically, I have been primarily a listing agent when it comes to Idaho real estate.

 

Last year was the first time that my buyer transactions crossed over the 50% point for my total productivity!

 

I am always telling people that I am a listing agent. 

 

Today, I couldn’t believe the words that came out of my mouth!

 

I was meeting some buyers at a Meridian Idaho Home today, who happened to find it and me on my Idaho Real Estate Website.

 

Just when leaving with the prospective buyers, the doorbell rang. An older couple just happened to be driving by and asked if they could see the house. I said goodbye to my original buyers and then welcomed them in to take a look.

 

They asked me if I was representing this home and it caught me somewhat off guard.  I said, “No, I am a buyer’s agent.”

 

As soon as those words came out of my mouth, I was shocked! I’ve always been a listing agent.

 

I was not the listing agent on this home, so I guess that made me a buyer’s agent,  He then asked, “As a buyer’s agent, what do you charge?”

 

I love this…  “It costs you nothing,” I said. “I get paid from the price of the home when you make an offer.”

 

I gave them my card, and asked them for their names and information. I believe I have a warm buyer prospect to work with now!

 

Can it be that I am shifting my business so much that I have become a buyer’s agent!

 

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Comments (12)

Ellie Shorb
Compass Real Estate - Chevy Chase, MD
Realtor DC, MD & VA Luxury Home Expert

It is fun to tell buyers that they need not pay anything upfront (or ever) for buyer agency. It is my pleasure to work with buyers - I really love the job. 

Feb 05, 2011 03:01 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Don, welcome to the club. It  is normal for me. I only list with my clients, who  bought with me, and now are selling. I do not solicit listings, and do not go for interviews.

Love to work with buyers

Feb 05, 2011 03:15 PM
Christine R. Sutherland
Sun Realty USA, Inc. - Punta Gorda, FL
REALTOR - RSPS, e-Pro, TRC

Being a buyer's agent is usually pleasant, you help someone to find a new home or an additional home, they are excited, looking forward to moving in, new life, new furniture .........  You are the hero for having found them their new home.

Listing can be much more difficult, sellers are not happy that their home has not sold, but don't want to reduce their price ......  Still, taking all this into consideration, I do prefer to list!

Feb 05, 2011 03:21 PM
Deborah Bly
RE/MAX Space Center - League City, TX
RE/MAX Realtor

Don, Go for your busines any where that you can and don't put yourself in a box. Just my htoughts.

Feb 05, 2011 03:34 PM
Jason Crouch
Austin Texas Homes, LLC - Austin, TX
Broker - Austin Texas Real Estate (512-796-7653)

Don - I've been primarily a buyer's agent since I first started my website, in 1998.  I prefer it most of the time.  I think I probably do 70%+ of my work with buyers, mainly because most of my business comes from online marketing.  The listings I take are typically friends, sphere, and past clients.

Feb 05, 2011 03:37 PM
TERRY DRISCOLL
MAINE HOME REALTY - Bath, ME
REALTOR - Buy or Sell in Any Season!

Don - I've always done both listings and buyer representation.  But in 2010, 80% of my clients were on the buying side.  Listings have become somewhat of a "downer."  I don't list foreclosure properties, but I will  selectively list short sales.  Christine pointed out some of the difficulties in her comment.  But, I do get buyer leads from my listings, so I think it's important to maintain the schizophrenia!

Feb 06, 2011 02:56 AM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Ellie, I agree, that was fun to say FREE!

Jon, I have had as high as 85% of my business be listings. Having more buyers is a switch for me.

Christine, I prefer listings too. They are not as time consuming and as long as you stay in contact with your sellers in an educational way, it's all good!

Deb, in this market, that's exactly what you have to do! Thanks for stopping by!

Jason, that surprises me! I would have pictured you more as a listing agent. The things we learn!

Terry, I've battled with schizophrenia, but we're doing better now... ;) Thanks for reading!

Feb 06, 2011 04:52 AM
Arleen Montford
KELLER WILLIAMS REALTY GULF COAST - Pace, FL
Selling NW Florida Homes in Pace/Milton/Pensacola FL

Hello Don, I too have mainly considered myself a listing agent. But I have like you learned that if we do not adapt to the times we will be left behind. That is why I love working with the buyers too.

Feb 06, 2011 11:59 AM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Nyssa, thank you! I do my best for customers and clients...

Arleen, It is a changing... Inventory levels are evidence of this market shift. Go Packers!

Feb 06, 2011 12:32 PM
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

I will take business any way I can get it... But I prefer listing.. Congrats on the new "warm" buyer.... talk to you later MR buyer's agent.. lol

Feb 06, 2011 02:41 PM
Rich Quigley
Chicago, IL

Good post, Don. I've been in real estate since 2001 and most of my transactions have been on the buyer's side. In Illinois you are considered to be the agent of the party with whom you are working. It was not always so. in the past, everyone worked for the seller and "buyer's agents" were considered subagents of the list agent. I believe that is still the case in Wisconsin (at least in the absence of a written buyer agency agreement). 

I would not have liked that arrangement, because I really like representing buyers. Each one is different. 

Feb 07, 2011 08:58 AM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Sheila, Yes, any business right now is what it's all about!

Rich, yes, I'm so glad agency laws have changed. In Idaho, we can also be Limited Dual Agents.

Feb 07, 2011 12:33 PM