I cannot think of a better way to boost my career by portraying myself as the agent that will do anything for a buck.
Educate your self ask people you know who have bought homes recently about there experiences if you cant trust your friends advice what would make you trust a strangers? In fact my current agent has a back door deal that if we buy a house through the agent in the area we are looking at buying they will get a 25% kickback.
Another thing i have learned through buying homes is get your own inspectors. Find the best inspection team you can these are the people who can really save you some money in the deal as what they find could cost hundreds if not thousands of dollars. I learned this the hard way. I trusted the my agent to be looking out for me only to have them recommend poor inspectors which ended up costing me $200 the first time and $2500 the second and i guarantee you the last time.
Just ask yourself who cares more about your check book your agent or yourself? Then ask yourself what does your agent have at stake after you sign the loan papers. The only thing they have to loose is your future business. I guarantee you they will not loose any money if you have to do any repairs after the sale is final!
The seller already agreed to pay a commission - the listing agent agreed to share it with a co-broker. if there isn't any co-broker - they most likely will retain the entire commission.
They have no obligation to give any part of it to you.
I suugest it's in your best interest to find a buyer's agent to represent you.
The seller will be represented........you should be, too.
If you insist on representing yourself - don't automatically assume you will be saving any money.
Just as an aside - if the listing agent already showed you the home - they may consider that they are the procuring cause. In that case, they are a dual agent - if it is allowed where you are, I hope that was explained to you.
In Texas the listing agent most likely would be an intermediary which is a neutral position when offering advice and opinions about price etc. However they can show you the comps and are of course obligated to treat all parties fairly. You may also find another agent but that should have been done prior to getting the listing agent to show it to you.
Again the commission has nothing to do with representation therefore it is unlikely a commission would be paid to you. The agent is handling both sides of the transaction therefore deserves both sides of the commission.
The fact is, realtors are going the way of travel agents; they are terrified by the empowerment that new online tools offer buyers. In my most recent case, Truilia had more up-to-date data than the MLS system. You really need to check out what Truilia has to offer.
If I were the listing agent I would not negotiate a reduction because I'd wind up doing the work for both sides anyway!
If you want to negotiate a good deal and have the highest likelihood of advancing to a successful close, align yourself with the best resources you can find.
Good luck and best,
Unwavering Commitment to Service
Of course even if you have the background and experience, do you have the necessary detailed sales data and ability to interpret that data? These may sound like simple things, but experience matters. It's not what you don't know, it's what you don't know you don't know. Think about it.
Finally, there's a saying that lawyers are fond of, "A lawyer that represents himself has a fool for a client."
The form explains who the agent represents. If you shared more information than you should have, that agent will be required to share everything they know about you with the seller. Your body language could have shown how much you liked the home too.
The listing agent is not required to give up any of their commission negotiated with the sller.. You don't know what their agreement with the seller is either. If you feel 100% comfortable with negotiating on your own behalf and making sure that you are paying a fair market value for the house, I would suggest it then. How are you going to run comparables to make sure you don't overpay, how are you going to find out what the sellers paid for the house? the listing agent is certainly not going to share that with you. A good buyer's agent could be worth their weight in gold to run all the logistics too.
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