BUYER BEWARE - Using a Real Estate Agent = REPRESENTATION

By
Real Estate Broker/Owner with NoVa Brokers LLC 0225 094634
https://activerain.com/droplet/4WFm

TO ALL YOU BUYERS OUT THERE THAT DON'T USE AN AGENT, YOU ARE MISSING OUT.  EVERY NOW AND THEN I GET A LEAD REGARDING A LISTING I HAVE AND IT IS A POTENTIAL BUYER WANTING INFORMATION ABOUT THE PROPERTY OR WOULD LIKE TO SET UP A SHOWING AND COME SEE.  WHEN I ASK THE MOST FAMOUS QUESTION, "ARE YOU WORKING WITH AN AGENT?" THERE IS ALWAYS A SLIGHT PAUSE AND "NO" COMES OUT VERY QUICKLY AFTER THE PAUSE.  THEN THEY SAY "I DON'T WANT TO WORK WIH AN AGENT, I WANT TO GET A BETTER DEAL." FAMOUS LAST WORDS THAT GET BUYERS IN TROUBLE.  

Reasons to consider using an agent:

 

1.   When you use me as an agent, it doesn't cost you anything but time, and less of it than going at it alone.  I don't charge the admin fee or transaction fee or any kind of fee to the buyer.  My service to the buyer is free, which means you as the buyer are getting so much experience and knowledge for free, and who doesn't want something for free.  

2.  You get protection.  You have someone working with you side by side protecting you from all the obstacles that could come with purchasing a home such as home inspection issues, appraisal issues, financing issues, mold issues, etc.  An agent is your watch dog and watches over everything from beginning to end.  Most transactions go smooth, but there are a few that are nailbiting to the end. 

3.  You get to pay the right price for the home.  Agents are negotiating machines.  We can get the best price for the home than you going at it alone with the seller or seller agent.  You need someone to negotiate for you.  Remember, agents are experienced and have the tools and knowledge to know what the home is worth in the current market and can suggest an asking price and explain why they came up with the price because. . . .  the price the agent comes up with is based on all that knowledge and experience that you are getting for free. We save you money, and sometimes lots of it.                                                                         

4.  9 out of 10 times you get closing assistance if you need it.  Agents are great at getting closing assistance so that it frees up some money for some fun stuff, like the few repairs you notice the house needs that you may not have immediate funds for or simply a little more money for a down payment to make it all work out.    Whatever the reason, an agent will work hard to make that happen for you. 

SO THE NEXT TIME YOU ARE CONSIDERING GOING AT IT ALONE, THINK ABOUT THESE FEW POINTS I BROUGHT UP.  REMEMBER, THIS IS ONLY A FEW REASONS. THERE ARE MANY MORE AND YOU WILL FIND OUT THE REST WHILE YOU ARE WORKING WIH YOUR NEW AGENT.  DON'T YOU THINK YOU DESERVE THE BEST REPRESENTATION ON ONE OF THE MOST IMPORTANT PURCHASES OF YOUR LIFE.

Posted by

FOR ALL YOUR REAL ESTATE NEEDS

 

STELLA BARBOUR

NoVa Brokers LLC

1483 Chain Bridge Road Suite 103

McLean, Virginia 22101

571-814-3002 OFFICE

703-999-6104 CELL

571-281-2866 FAX

www.novabrokersllc.com

stellabarbour@yahoo.com

Licensed in Virginia & Maryland

 http://www.novabrokersllc.com/

 

 

 

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Ambassador
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Stella, a friend of a friend called me recently.  They have closed on a house; they are finding major problems.  Ceiling stains are "appearing" where leaks were painted over.  The Air Conditioner doesn't run right.  And more.

     They bought directly from the Listing Agent.  The Home Inspector was recommended by the Listing Agent.

     Now that they have moved in, they find problems and they want relief! 

     All I can suggest to them is, "Call a Real Estate Attorney".

Apr 29, 2014 09:05 AM #1
Rainmaker
186,410
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

How interesting Fred. I have similar stories about that too. It is always a little too late. 

Apr 29, 2014 09:23 AM #2
Rainmaker
51,506
Christi Hacker
Realty ONE Group Sterling - Omaha, NE
Your Omaha Area Real Estate Specialist

Stella this is so true! Great a job helping to educate buyers on why they are better served having an agent represent them. 

Apr 29, 2014 10:37 AM #3
Rainmaker
186,410
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

Thank you Christi. We have to educate buyers. Also part of our job :)

Apr 29, 2014 10:47 AM #4
Rainmaker
894,474
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Stella, I am not sure why buyers are under the misconceptiion that if they call the listing agent, they will save the commission or if they buy from a builder without their own agent, they will save the commission.  If they were the house, they would engage a lisiting agent.  When they buy a house, they need someone in their corner to watch out for their interests, just the same.  

Apr 29, 2014 11:50 AM #5
Rainmaker
1,912,271
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

REPRESENTATION is the primary reason we are worth _______ % !!!!

Apr 29, 2014 02:03 PM #6
Rainmaker
186,410
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

Elyse - I am not sure either, since if they are not represented, most of the time the seller agent gets to keep all of the commission.  Thanks for stopping by.

Apr 29, 2014 10:11 PM #7
Rainmaker
186,410
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

Michael - You are so right. :)  Thanks for stopping by.

Apr 29, 2014 10:11 PM #8
Rainmaker
401,635
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Stella, this is a post that all Sellers should read. There are many good reasons a Seller should use a professional to assist them in the sale of their home. 

May 02, 2014 08:18 PM #9
Rainmaker
186,410
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

Thank you John for stopping by.  Thanks for commenting. Have a great day. 

May 02, 2014 10:10 PM #10
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Stella- it's interesting that some buyers feel they can save on the commission or get a better price if they bypass the services of their own agent.  But when you look at the money that could be saved by hiring a professional agent, it's a nobrainer. 

May 13, 2014 04:51 AM #11
Rainmaker
1,506,511
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

My friend daughter recently bought the house using a listing agent as a dual agent hoping to get a better deal. They got the house, but waived all inspections and investigations. Now their roof leaks, some issues with pool, etc. It would probably not happen if they had a second pair of experienced eyes who would watch their back.

Mar 11, 2016 02:50 PM #12
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Rainmaker
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Stella Barbour

Principal Broker, Serving Virginia and Maryland
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