1st. I've bought three houses and sold one this way.
2nd. The agents are more enthusiastic to work with you.
3rd. If it's written into the sellers contract the agent may lower their commission by a percent. That means you as the buyer can potentially make a lower offer and the seller won't care because it's that much less they have to pay their agent.
For me a strong buyer who knows what I want to put in my offer this is the way to go. I've gotten my closing costs paid for as well as hefty flooring allowances more than once. The people that say you might as well get your own buyers agent because you aren't paying for it are lying. The agents get paid out of escrow and who do you think is getting the loan to pay all the escrow fees.
Buyers agents aren't looking out for you most of the time anyway.
On listings it says how much the buyers agent will get and if the commission isn't high enough they won't even bother to show the house to you. Sometimes it even says concessions will not be included in buyers agents commission.
2007-02-08 17:41:00
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answer #1
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answered by mbooren 1
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Some of the advice on here is pure idiocy. Do not use the same agent as the seller, EVER. They get paid more if there is a higher selling price and you will have given them no reason to help you negeotiate a fair price.They also have no reason to warn you if somthing is wrong and may kill the deal. You will just have to accept the sellers price, and take the home as is. Get your own agent from another office, or someone you trust. You don't have to pay for them, and they take more of the risk away. They can make sure your not getting screwed. The government forces agents to disclose dual agency for a reason, because it is risky. So to answer your question, yes, but don't use thier agent as your's.
2007-02-08 13:28:59
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answer #2
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answered by Ron B 3
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As a new home buyer, let me explain how this all works, incase you do not understand, as allot people do not.
If you just drive around and call an agent off of a sign from in front of a home with a For Sale Sign on it, that agent represents the Sellers and will be looking out for the Seller’s best interest.
A Buyer’s rep, will be looking out for YOUR best interest.
How do they get paid? – Good question that most people also do not understand.
No sale, no pay! They do not get paid by the Buyers, nor do they truly get paid by the Sellers. They get paid by what the Seller’s agent is willing to share with the Buyer’s Rep (Disclosed in the MLS) of what he or she is getting paid by the home’s owner.
Won’t using a Buyers Rep change the price we are going to pay? – The answer is NO and here’s why.
A Seller’s agent makes a deal with the Sellers to list, market and sell the home for a percentage, let say 6%. The Sellers are going to pay 6% no matter if a Buyer’s Agent is used or not. What it comes down to is, will the Seller’s agent keep all 6% by selling the home to a Buyer that has no representation, or keep only some of it by sharing it with a Buyer’s rep. Seller’s agents do this to get more people to look at the home and get it sold faster.
Need a good Realtor?
If In Alabama - e-mail me
If not in Alabama - I can still recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
I will personally guarantee the service my friend will give you.
Need a good Realtor?
I can recommend an experienced Realtor from your area that will give you OUTSTANDING service! I work with a network of Realtors across North America.
http://www.pauld-kw.com
http://www.bhammls.com/dziedzic
I will personally guarantee the service my friend will give you.
2007-02-08 15:40:54
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answer #3
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answered by Paul D 2
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Yes you may do that. You might also get the telephone number from the real estate sign and call the agent also.
Of course if you want individual representation, you might hire a real estate agent yourself. It is not necessary to sign an agreement with this person even though they might want you to. Just tell this agent you promise to call him each time you want to view a house.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-02-08 13:16:52
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answer #4
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answered by Skip 6
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yes, but in ohio and many other states when you contact that agent that agent becomes a dual agent which means he represents both the seller and the buyer,you. if you choose , you can decline the agents representation but why would you? the seller in this case is paying the commission. Iam a licensed real estate agent in ohio
2007-02-08 13:17:14
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answer #5
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answered by ralph s 1
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The best option is to get an agent for your self. You can give him the information and he will contact the seller's agent to schedule an appointment so you can see the property. Basic, the seller's agent works for the seller and will try the best to sell it to you. Your agent works for you and he will do the best to get all the information concerning to that property and he will give you advise. And the best part; the seller pays all the commission!!!
2007-02-08 14:05:54
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answer #6
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answered by Chesterman 2
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Absolutly. The "Selling agent" will make a commision off selling the home. They make double the commision if they find the buyer. Normally.
So the agent will be thrilled that you dont have one. But, they will insist you use them for the buying agent. Wich is normally a good Idea.
2007-02-08 13:13:54
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answer #7
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answered by Anonymous
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Yes you can, but think of it this way... if your spouse says "I want a divorce..." Do you just say "Well what's your attorney's phone number? I'll call to see what papers I need to sign."
Get a buyers agent to represent you. DO NOT CALL OFF THE SIGN!!!
2007-02-08 13:31:07
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answer #8
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answered by teran_realtor 7
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No enemies. Aquarius/ 6th house Gemini
2016-05-23 23:19:52
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answer #9
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answered by ? 4
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Heh, if you are in southern California, call me, I'll be your agent!
2007-02-08 13:29:05
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answer #10
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answered by loladrewblue 4
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