What does it mean if a BUYER is TESTING the waters?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

Why would a Home Buyer want to "Test the waters?" Yesterday I wrote an Active Rain Blog about a home seller asking to do just this. Some of the comments got me thinking of a Home Buyer who had asked just this last month. What exactly does it mean when someone is testing the waters? My immediate thought is that "to test the market" means that they can not be that serious. 

 

The only way to find the answer was to ask the hard questions of why they wanted to test the market and what they were trying to accomplish? The answer was to find their dream home and get the best deal.

 

 

I stopped them there and let them know what today's market was really like That there is a shortage of good clean listings and new listings can sell quickly. That buyers should be pre-qualified, ready to look at new listings promptly and make their best offer up front. Otherwise they can and may lose that dream home to another buyer.

 

To this buyer that made sense. They then gave me the bad news they have been working with "at least 5 or 6 other agents" but did not sign a buyer broker agreement with anyone. I asked them how much effort those agents have given them. The buyer said about 1% each. That is 6% i said. Why not get 100% of an agents effort and hire 1 buyer broker who will look out for their best interests. They said "great plan and they would call the guy from that big national company". I put my head down and prepared to make a quick exit when he said just kidding, can you help us find our new home?"

 

The most critical part of Buying or Selling a home is the Agent you choose.
 

You have a choice of agents. Use your choice to hire the BEST agent in your area.

 

 
 

LEARN THIS ONE FACT: One should know that All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company. You deserve the best.... 

 

   

 

 

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

 

We are Full Time Agents ready to serve all of your Real Estate needs with an infamous philosophy, which is simple: To provide more personal and professional service to guide my clients through each step of the buying or selling process. 

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Rainmaker
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Doesn't everyone want their dream home and get the best deal?  Of course it makes sense to hire an agent willing to work for the buyers. Well done.

Aug 10, 2016 03:56 AM #9
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Scott - It's always great to have clients who actually listen to your good advice and do the smart thing.

Aug 10, 2016 05:36 AM #10
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

A buyer who wants to test the waters, while working with five or six agents? Where is the question that many agents ask, "Are you working with an agent?"

Aug 10, 2016 07:14 AM #11
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you for the comment Chrissi Chapman Topoleski . I think it is important to inform the consumer of the right way, they may not always listen, but at least i know it was the right thing to do. Most of the time people are very appreciative

Aug 10, 2016 10:39 AM #12
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Jerry Newman i find most people do not know how buyer brokers work and are surprised to find out helpfull they can be when done right

Aug 10, 2016 10:40 AM #13
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Kathy Streib I did love their sense of humor in the end. He did have me worried for a second but he been great to work with and we are close to finding that pefect home. 

Aug 10, 2016 10:41 AM #14
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Patricia Kennedy exactly, many do not know the real market conditions and how to work through them to find their dream home

Aug 10, 2016 10:42 AM #15
Rainmaker
3,225,647
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 so true that many do not know how it works and just go with the flow. The flow is often uphill though. 

Aug 10, 2016 10:43 AM #16
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I try to get them to pick me Jennifer Mackay but i like to tell them like it is and let them know what i can do and how i will stand out to help them with that choice.

Aug 10, 2016 10:43 AM #17
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thank you Jessie Cochran telling it like it is does not always work, but it is the right thing to do

Aug 10, 2016 10:44 AM #18
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Well Bill Roberts i did think of that and why i tell them like it is and let them decide. 

Aug 10, 2016 10:45 AM #19
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

They sure do Kathleen Daniels but most do not know how to acheive it. Even some agents dont have that recipe down yet. I feel a steady supply of market updates and reality with some hold handing works. 

Aug 10, 2016 10:46 AM #20
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It does not always happen that way Dick Greenberg and sure is great when they do. 

Aug 10, 2016 10:46 AM #21
Rainmaker
3,225,647
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Exactly Myrl Jeffcoat that is in my top 2 questions.

Aug 10, 2016 10:47 AM #22
Rainmaker
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

I am the gal from the "big national company"....where I am from doesn't matter...it IS what I do....or YOU do....and do it well !

Aug 10, 2016 11:01 AM #23
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I would tell those buyers that my services aren't available to anyone, but my clients and I save my good deals for those buyers that choose to work with me. 

Aug 10, 2016 12:01 PM #24
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

It means they are wasting your time Scott. You have a great style of blogging.

Aug 10, 2016 01:52 PM #25
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hope to see this featured Scott Godzyk .

Profound statement in your post -

"The most critical part of Buying or Selling a home is the Agent you choose."

Aug 13, 2016 04:42 PM #26
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Hi, Scott!  I included this post on today's Last Week's Favorites list.  Hope you enjoy the rest of your weekend!

 

Aug 13, 2016 11:00 PM #27
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I think most buyers want to find the right home for their needs and to get it at the best price they can. If they are truly serious, why not work with someone who really can help with that objective, instead of just testing the waters?

Aug 14, 2016 07:53 AM #28
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Scott Godzyk

One of the Manchester NH's area Leading Agents
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