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The Ribbon is Free

By
Real Estate Agent with Falcon Property Company

Realtor Experience Invaluable in the Home Buying and Selling Process

A neighbor recently asked, "Do we really need to use a Realtor when purchasing a home? We can find houses online and look for ourselves."

In most states, the agent who has a house listed (the Listing Agent) works for the Seller. That means they have a fiduciary responsibility to the Seller - not the Buyer. the ribbon is freeSo in a purchase, why would you possibly want to use the agent who is legally bound to get the best deal for someone else? In addition, the use of the services of a Realtor is FREE TO THE BUYER.

Anyone can show you houses. It's what happens after you've identified the property that the experience of your Realtor is so important. The question reminded me of a story my mother told many times as I was growing up:

A woman sees a magnificent hat in the window of a millinery shop. She goes in and exclaims over its beauty and inquires of the cost. When the designer tells her the price, she says indignantly, "That's outrageous! It's only a ribbon!" The milliner pulls the hat apart and hands it to the incensed customer. "Madam," he said, "the ribbon is free."

It's the expertise that makes the services of a professional real estate agent invaluable in your home search. Do not mislead yourself into thinking "the ribbon" is all there is to the process.

Originally published as Realtor Experience Invaluable in the Home Buying and Selling Process

James Dray
Fathom Realty - Bentonville, AR

Good morning Mimi.  Good analogy and is so true.  Most people do not recognize this

Aug 05, 2016 08:08 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Mimi. I love this story and your point is so well made. I will remember this story.

Aug 05, 2016 10:01 PM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Mimi Foster - It definitely is the experience. How many times have I heard that remark from buyers and sellers. And you know what? After trying to go it alone, an agent usually ends up getting involved. We make it look easy, is our problem. They don't see all the education, experience, and behind the scenes work that is done.

Aug 05, 2016 10:02 PM
JM Padron, CCIM, CCP
THE JMTEAM NETWORK - Destin, FL
CCIM, CCP, International Commercial Broker

Love the analogy, agents with no experience should line up and work with experienced agents until they really learn the value of the ribbon!

Aug 05, 2016 10:50 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great analogy Mimi...so many consumers do not understand the duties or the costs !

Aug 05, 2016 11:03 PM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!

That is a great way to explain the buyers agent's role!

Aug 06, 2016 12:28 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Great analogy.  Buyers should not venture out without professional representation.

Aug 06, 2016 02:27 AM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

hi Maddie Mimi Foster Cute story but the moral is so true.

I actually "reward" my clients for doing the search on their own. My job begins AFTER they find the right house. And I try to explain the economics of a real estate transaction. They need to know how it works.

Bill Roberts

Aug 06, 2016 02:36 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Mimi, such a great post and an eye opening comparison. You're right anyone can show houses, it's what comes after that takes an experienced professional to successfully guide a buyer to closing. 

Aug 08, 2016 01:41 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

WOW, what an anology! Only experience can give it value. Great post!

Aug 10, 2016 12:14 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Mimi --- what a wonderful story to illustrate a definition of "value".  

Aug 14, 2016 11:40 PM
Claude Labbe
RLAH / @properties - Washington, DC
Realty for Your Busy Life

That's great.

Even if it's a very luxurious ribbon, well, it's still just ribbon.

Aug 27, 2016 04:25 PM