Buyer's agents going the way of travel agents...I don't think so!

Reblogger Mike & Eve Alexander
Real Estate Broker/Owner with Buyers Broker of Florida

I rarely re-post anyone's blog, but this one is exceptional.

Written by Andi Grant in Long Beach California, she has hit the nail on the head as far as the "reality" of choosing an agent for your homebuying.

Since we only and always represent the best interest of the buyer, I thought it fit perfectly.

Thank you for reading...

Original content by Andi Grant BRE# 01728424

There have been a lot of alarm posts published in the media and even here lately about the potential need for real estate agents diminishing.  With FSBOs being able to use Realtor.com to post photos of their listings (a website supported by Realtor dues I might add), and with buyers using IDX on aggregate Real estate websites to perform home searches, this perpetuates the idea to some that the Realtor is now going the way of the defunct travel agent industry.

Excuse me but if a home buyer is comparing booking a $5000 trip and wearing a colorful wristband to let's say purchasing a $400,000 home and wearing a mortgage for 30 years, then they need their head checked because it's leaking common sense reminding of something I've said over and over again.So much for saving money....

There is someone who is giving away money (the buyer) and someone who is taking it (the seller).  Who has the most to lose in that situation without representation?  Is it not the buyer?  It was only a few decades ago that home buyers sounded the alarm and were crying foul regarding unscrupulous sellers ripping them off that created a justified need for some form of buyer protection and representation.  If buyers knew half of what What Realtors Do for Buyers, they would understand that home buying is more than a simple click of a mouse and looking at enhanced property photos. 

Using professional representation will always go back to what a home buyer or home seller values most - their investment and making the smartest and wisest informed decisions that will ultimately save or make them the most money in the long run.  Would you willingly represent yourself or allow the other side's counsel to represent you in a legal case that could cost you the same $400,000?  Of course not.  Why would you do it in a real estate deal where buyer representation is in most cases FREE to yWhy gamble on what could possibly be the single most important investment of your life by not having your own full service representation?ou. 

If a buyer has bought into the idea of not using a full service buyer's agent and going directly to the seller or using the listing agent as their shared representation (an agent's whose first contracted primary duty is to that of the seller) that is up to them.  It's their decision.  A risky one, but ultimately theirs.  I want people to see the value in using my Realtor services because they want to not because they feel they have to.  There is nothing half-hearted in my representation of my clients when respecting and protecting their interests.  I'd rather have a client who could respect and appreciate that mutual goal, than one that doesn't.

There is also a new trend with buyers choosing to use limited service agents in the hopes of getting a deal or kickback. I'm not a big proponent of assembly line a la carte buyer services with one agent showing the house to the buyer, another showing up for the inspections, another one showing up for doc signing and calling you Karen when your name is Kathryn because they don't know you from Adam or what haLooking for strong full-service Realtor representation?  Call 310-508-4354  s transpired in your particular deal from beginning to end.  How much easier is it for something to fall through the cracks that way? 

If that is the kind of limited agent services you are looking for when buying your home, then I'm not the Realtor for you.  Every real estate transaction is different and in my opinion should never be treated as a one size fits all.  You simply can't shortcut and Mickey-Mouse something as important as buying your home - YOUR HOME!  Unlike a travel agent who doesn't take the trip with you and help you through the unchartered waters and pitfalls of foreign territory, a great Realtor will be walking in front of you, bearing the brunt of attacks, watching for traps and protecting and fighting for your best interests from the beginning of your homebuying journey until you are safely HOME.

If you are looking for your own strong representation whether it be on the buying or listing side, do not hesitate to call me at 310-508-4354 and I will be more than happy to help you every step of the way.

__________

Wristband photo courtesy of Fuschia foot, empty pockets by danielmoyle; pocker chips photo by pbaesse; All on Flickr for Creative commons Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 2.0 Generic License.

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

As long as real estate transaction continue to be and become more complicated, consumers will continue to need experienced help making good and safe buying decisions.

That 35 page Contract of Sale is simply gobbledygook to most home buyers. 

The potential for loss is serious and home buyers need help.  The problem isn't the contingent fee for brokerage services.  The problem is the RISK to the buyer for aquiring a money pit.  We buyers agents and brokers help buyers avoid making serious financial mistakes.

Oct 22, 2011 12:55 AM #1
Rainer
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Andi Grant
310-508-4354 | FirstTimeHomeBuyerRealEstate.com - Los Angeles, CA
Helping 1st time buyers and home sellers in LA!
Thanks Mike and Eve for the reblog! I'm glad you enjoyed the article and I hope your buyer subscribers can see the value in obtaining the best and strongest buyer representation they can get in you.
Oct 22, 2011 04:38 AM #2
Rainmaker
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Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Good point, Lenn.  I an getting ready to go show a "money pit" to a buyer that does not understand that some problems can continue forever...

Eve

Oct 22, 2011 09:07 AM #3
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Rainmaker
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Mike & Eve Alexander

Exclusively Representing ONLY Orlando Home Buyers
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