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Jane Peters' Blog

By Jane Peters | Agent in Los Angeles, CA

Why Use a Real Estate Agent if you are Buying a Los Angeles Home

If you are selling a Los Angeles home,  you will be using just one real estate agent  because you will sign an exclusive listing agreement with that agent which means, yes, that you work exclusively with that agent.  The work involved in selling a Los Angeles home warrants  that kind of loyalty, and you as a seller will be paying commission to that agent and the co-broker who brings the buyer.  Makes sense, right!If you are selling a Los Angeles home,  you will be using just one real estate agent because you will sign an exclusive listing agreement with that agent which means, yes, that you work exclusively with that agent.  The work involved in selling a Los Angeles home warrants that kind of loyalty, and you as a seller will be paying commission to that agent and the co-broker who brings the buyer.  Makes sense, right!

Now, if you are buying a Los Angeles home, or renting a Los Angeles home why would you not use an agent exclusively?  There is something called a Buyer Representation Agreement which some agents ask the buyer to sign before working with them, but since they are not really enforceable many of us work on trust.

Many Los Angeles home buyers and renters do not fully understand the role of the real estate agent in the transaction.

Who pays the realtor's fee?

An agent does not get paid until a deal is consummated, on the listing side or on the buying side.  And, as a buyer, you don't pay the agent, the seller or landlord does.

Why should I use one agent?  Won't I get more choice if I use several?

No.  Every agent has access to the same information - listings on the Multiple Listing Service (MLS).  This is the only place you are going to find an active listing.  In some cases an agent may have access to a pocket listing (a home that is not listed on the MLS), but this is extremely rare, almost like finding a needle in a haystack.

Won't I get a deal if I go directly through the listing agent?

I doubt it.  Dual agency (where an agent represents both sides) can be a slippery slope.  Although that agent is bound to represent both sides equally and fairly, remember who is paying the commission....   And, many brokerages don't allow dual agency.  Would you not rather be represented by someone who is 100% committed to getting you the best deal and terms possible?

And why would you want to constantly be searching the internet looking for properties.  You are not going to find anything that your agent won't know about if they are worth their salt, and since the only accurate representation of what is truly available is the MLS, you could be wasting your time, finding properties that are already off the market.  Never mind trying to get hold of ten different agents to set up appointments on ten different properties, half of whom don't call you back.

If you are buying a Los Angeles home,  or even renting, find an agent you trust and put yourself in their hands. You have no idea how much easier your life will become.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don't hesitate to fill out the contact form or give me a call at 310-473-6919.

Comments

By Sharon Paxson,  Sat Sep 3 2011, 14:10
Jane - excellent post about buying a Los Angeles home!
By Renee Burrows,  Sat Sep 3 2011, 14:16
Very compelling reasons to use a real estate agent when purchasing a Los Angeles home!
By Thom Abbott,  Sun Sep 4 2011, 17:00
Many of the public question what we do? Let them go through all the steps, and see if they can buy their home. Great info for Los Angeles Buyers, or buyers anywhere! Thanks Jane!
By Voices Member,  Tue Sep 6 2011, 15:10
You mentioned that it doesn't make sense to use more than one agent. Absolutely!

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