A Buying Agent, Is it best for me?

I direct this post at those of you out there who might be thinking about buying a home but aren't sure if you need the services of an agent.

Buyer representation is very important for a few reasons. A buyer's agent will save you time and gas, they can find more homes than you might be able to on your own, they can negotiate with the listing agent, and they can guide you through the complex transaction that follows the choosing of your home.

The reason I bring this up is that recently I have spoken with a few buyers who have been under the assumption that a buyer's agent would cost them something, and therefore wasn't worth their time. To the contrary, the sellers pay out the commissions so you are basically getting all the help without paying a price.

Furthermore, you want someone representing your interests when you are negotiation with a seller who has their interests represented by their agent. Their agent will not look out for you even though they might say they will. They have a fiduciary responsibility to their seller, and that's it.

So when the time does come for you to buy a home, know that you can have someone on your side throughout the transaction and it won't cost you the commission.
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August 14 2007 - US
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Profile picture for buckeyecase
What if the seller is a FSBO? In some cases that may cost the buyer, either directly, or indirectly through a higher sale price.
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August 14 2007
Buckeye,

Some FSBOs will try to ask for commission on top, but most realize that they have to pay. The former are sort of nuts--if they think they can get people to pay 2-3% more for their property, why would they ONLY ask that of those with agents? They should ask everyone to pay more. The mistake they're making is pricing at what they want, and not what the market will dictate.

I've said this elsewhere, but in the FSBO situation the buyer really needs an agent because FSBOs often price their houses too high. Absent having an agent, or at least seeing a lot of properties, the buyer might actually buy at the too high of price. I've seen that a few times.
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August 14 2007
Profile picture for evaughn
Yeah but Krismer,
Could this guy be any more cheezy?
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August 14 2007
Buckeye,

I agree with you about FSBOs. Another thing that I have seen alot of is FSBOs get fed up with trying to sell their own property and sometimes dump them for under market value.

Evaughn,

you didn't contribute in any way to the topic, and lack a set of good oysters.
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August 15 2007
Profile picture for evaughn
Jarrod,
That's rich coming from you. And leave my oysters out of this, I don’t go that way.
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August 16 2007
evaughn

thanks for showing us what Slim Shady will look like in 40 years.
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August 16 2007
Jarrod,

That may just be the funnies thing you've ever said.

no offense Evaughn
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August 16 2007
funniest that is
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August 16 2007
 
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