Does a Buyer Need a Realtor if They Can Find Houses Online?

Reblogger
Real Estate Agent with Century 21 Showcase REALTORs 01468388

This great blog post by Mimi out of Colorado applies to buyers everywhere.    There is a somewhat persistent misconception that a buyer will get a better deal by working with the sellers' agent.    Mimi explains quite well why that can backfire.    I'll just add that the sellers' agent's job is to sell the sellers' property - and is not motivated to show buyers other, perhaps better, options.      A buyers' agent's motivation is to do the best job possible for the buyers....at no cost to the buyers!     Read on to understand fully!

Original content by Mimi Foster

At one time I wrote a post about What Realtors Do for Buyers (if you haven't read it, it's worth checking out). Many commented and emailed that they have worked with Buyers who couldn't figure out why we got paid if all we did was drive around all day. Several Buyers had commented that they can look at houses themselves, that they really didn't think they needed a Realtor. If you have been selling real estate longer than a week, or if you looked at the list in my previous post, we all know it's just an uneducated statement that we can't really be offended by.

You want to look at houses, Mr. or Ms. Buyer? Great! Feel free to do that!  Feel free to look at them yourself. The fact of the matter is, my real job starts when we have identified a property in which you are interested.

perfect houseDon't get me wrong! I put many hours into finding out exactly what it is you're looking for, what your needs and wants are; doing research on the computer; calling other agents to find out if this home might fit the specifics of what you need; figuring out if the price is reasonable with others in the area; sometimes previewing so as not to waste your time while you work your real job that is going to pay for your new house; driving around for hours viewing and inspecting and dissecting and rejecting houses that don't work for your family or your needs. But you're absolutely right. You don't need a Realtor to do that. Be my guest, go look to your heart's content.

Then you find what you're looking for and you're ready to make an offer on the house of your dreams. The house that you have just divulged to the Seller’s Agent is everything you have been looking for for six months, and you don't care how much you have to pay to get it. Then what happens? You think the Seller's Agent is going to cut you a deal if you aren't using your own Realtor? Not likely. The commission was agreed upon between the Seller and his agent (I don't think I saw your name in there) at the time the Agent took the listing. That Contract between the Seller and his Agent usually includes how much the Agent will charge with an Unrepresented Buyer.

Then are you planning to fill out the new 18 page Contract, the legally binding agreement that you will present to the Seller's Agent? They aren't called a Seller's Agent for nothing. They are likely a trained professional who will eat you for lunch and pop the bag. Shall I mention the hundreds of other pieces of legally binding paperwork that will need to be filled out during the course of a transaction?

Fact of the matter is, Mr. and Ms. Buyer, you are correct, you don't need us to look at houses. While it will make your life much easier if you have someone who is trained to represent you, who will represent you for FREE, you don't need us for that. I can show you one house or I can show you one hundred houses (I would sincerely rather not). But no matter how many homes we look at, my job really starts when you hire me to negotiate the best deal for you, and then to navigate you through the dozens of legal landmines that are much more likely to blow up on you without professional representation.

If you decide you would like to look at houses with a Realtor who will advocate for your best interests, be sure to call Mimi Foster, voted one of Colorado Springs Best Realtors five years in a row.

 
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If you would like to search for Homes for Sale in Colorado Springs,

or for any of your other real estate needs,

please contact your Colorado Springs Realtor

 Colorado Springs Realtor Mimi Foster

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Selling homes throughout Colorado Springs, Old Colorado City,
Manitou Springs and surrounding areas with a
Specialty in Victorian and Vintage Homes in
Downtown Colorado Springs
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Building A Bridge to Your Future

M.C. Dwyer, MBA, REALTOR    call/text (831) 419-9759

Century 21 Showcase REALTORS Cal BRE 01468388

www.Santa-Cruz-Mtns-Homes.com copyright 2012-19

 

Comments (5)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

I always felt that there is a conflict of interest...not easy to have both parties interest at heart.

Apr 22, 2016 02:36 AM
M.C. Dwyer

I couldn't agree more, Ronald!


 

Apr 22, 2016 07:24 AM
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Thank you so much for the reblog - and the great explanation to go with it. 

Apr 22, 2016 06:23 AM
Mimi Foster

Awww, thanks 

Apr 22, 2016 08:03 AM
M.C. Dwyer

You're a great writer Mimi, and it's a super topic for buyers - experienced and new - to understand.    Thanks for writing this!

Apr 22, 2016 07:25 AM
Pamela Cendejas
Second Self Virtual Assistance - Kingman, AZ
Second Self Virtual Assistance (928) 692-3235

The thought of buying and/or selling a home without a Realtor is such a scary thing.  You're paying for expertise which is worth its weight in gold.

May 27, 2016 06:32 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Excellent Re-blog one area some people do not consider is that it in a Fast, Seller's Market sometimes buyers think that will assure them the purchase, Endre

Jun 11, 2016 09:52 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Mimi is one of my favorite writers - she explains this perfectly.  I totally agree with you - one cannot serve both parties effectively or fairly.  For me, it's simply not worth the money to even try!  Refer it out and let go of the greed, no doubt! 

Dec 30, 2016 09:35 PM