Here is your inside tip for the month that you will not hear on the street. Real Estate Insiders will tell you it is not to your benefit as the buyer to go directly to the Listing agent. Some consumers think they are going to save money. Yes it is great to cut out the middleman but what the public does not know is that the buyers are also cutting out their profit and spending more money to purchase the property most of the time.
HERE’S THE FACTS:
The listing agent does not want to offend their Seller. If you do the math,An Agent will have 2 sales minimum commission dollars when you have a seller. One commission when you have a buyer. Yes, the agent wants the buyer’s commission but he is no dummy. He will not risk offending the 2 commission seller to get the one extra commission.
Basically, the listing agent represents the Seller which is their 1st priority because the Seller is more $ to them than the Buyer. Not to mention the fiduciary relationships with the client.
Usually a Seller means 2 sales to us at least. So when you go directly to the listing agent , the agent has to walk on eggshells so as not to offend their client and still keep you happy!
The buyer feels they are in control dealing directly with the Seller’s agent but an aggressive buyer’s agent can be more advantageous to you and save you $$$. Check out my blog on myth buster #1 regarding making a bigger profit by being represented by your own realtor.
Now for the Market trends in San Pedro and Vista De Oro for 2007 in tomorrow’s blog!
