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Heinrich Wie…, Real Estate Pro in ,

As a BUYER, would you rather look on your own, or have an AGENT find your next home?

Asked by Heinrich Wiebe, , Tue Aug 7, 2007

Do buyers dread calling agents to see available homes? Would they rather drive around on their own? What if they could earn part of the fee to find thier next home? Would they do it?

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I wouldn't want any part of FEE sharing - I was an internet savvy home buyer and found what I wanted to see. My agent complimented my search with suggestions in the same category and location as I led him to. I even did some driving on my own - it helps me in the eventual assimilation process....

Buyer and agent work in tandem with each other. To try to divide the relationship is to say one's efforts are worth more than the other. A good (outstanding) agent will listen - review the buyers suggestions - and compliment the choices with alternatives.

The agent holds the "key" to clear passage; what's so dreaded about working with someone who knows the ropes and can do the mapping?

Anywho - to answer your question; personally I would not want to share fees and nope I wouldn't do it. (Had a chance and declined! - Didn't feel comfortable with the sales pitch)
2 votes Thank Flag Link Tue Aug 7, 2007
To me, the buyers that chose to do these things on their own are the buyers that are uneducated about all of the benefits of Buyer Agency, nor are they educated on our fiduciary responsibilities to them as Realtors. If they understood, they would see the true value. Additionally, they don’t understand that our “success fee” is typically paid by the seller. They just need to be educated.

Melissa Mancini, Realtor, CBR, GRI
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1 vote Thank Flag Link Tue Aug 7, 2007
I think the answer to this will vary greatly depending on the needs of the buyer. Most information websites are pretty good in today's market but they still do not always reflect the most current status of homes. Often agents will know of a property that is not yet on the MLS or of one where the dellers are flexible on price which is not reflected in a search.
My clients are usually very busy and don't have the time it takes to thoroughly research properties and rely on me to preview those that may fit their needs. However searching for the proeprty is just one part of the process. A local agent knows areas, schools, possible future developments and other items that may have an effect on the value of the home. An agent knows what is happening in the local market. As an example many areas in a city can see prices flat while a few special areas may see them moving upward or downward.
As to a rebate .. again it just depends on the buyer.. my clinets don't have time to do much of the work and appreciate the fact that I will sift through the inventory.. another buyer may want to do everything himself and receive a rebate.
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1 vote Thank Flag Link Tue Aug 7, 2007
Kaye Thomas, Real Estate Pro in Manhattan Beach, CA
I'm a mortgage broker so I think my opinion can be considered a "buyer's" or at least let's hope! I would personally work with a Realtor not only because I know of an extraordinary one but also because I know of all the benefits they offer. It cuts down tremendously on the foot work I need to do considering that I used to look online for homes at least an hour a day. I also do not have complete knowledge of the area and every neighborhood in every city is so different that it's essential to have the knowledge of a Realtor who can tell you which areas are good, which areas are bad, which areas are up and coming, and which areas are reeling from bad press.

I think that the best way for me personally is just to work with a Realtor. For both of us to work together and find properties that fit in our budget and with our needs and wants. There are going to properties that I find that my Realtor probably may not see on MLS yet and there are going to be a multitude of properties she can provide me before I even start searching online. I think it's useful that she send me a list of listings every week or every few days so I can filter through them first. Then decide which ones I'd want to see, and go view them with my Realtor.

This question was a great question! Made me think about what I would personally do in that type of situation, I've never sat down and thought about it before. Thumbs up!
0 votes Thank Flag Link Wed Aug 8, 2007
My goal is to find the home they want before they do. I take it as a personal challenge. What I like about them looking on their own is you get to see what they really like, not what they tell you they like. As they look they realize that what they described might not be what they are looking for at all. I don’t have to wait for them to tell me, I can recognize it in what they are finding out side of my searches.
0 votes Thank Flag Link Tue Aug 7, 2007
Last time I was a buyer, I was not an agent. I looked on-line out of town, and she sent me things to look at as well. When I was in town I would spend some time with her, and my husband and I would look some on our own. I could not have completed the search for a home in a new town with out my agent. On the other hand, I learned alot about my surroundings and the town I was moving to by doing some of the research on my own. I would venture to guess most buyers these days to a combo of the two.
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0 votes Thank Flag Link Tue Aug 7, 2007
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