1 - Being a transaction broker working with both you and the seller
2 - A buyer's agent working only with you
It is a tricky situation to be representing both buyer and seller on the same transaction, but keeping the transaction's best interest to close, a Realtor should be good enough to perform.
I would suggest that your buyer's agent would be in a better position to carry your "best" interest.
Thanks for the interesting question. You can find my contact information at http://www.karinaleal.com
From a practical stand point......To me it seem to be a bit of a "conflict of interest" to work with both the buyer abd seller. It's done all the time.....it's legal....but I would prefer to work with some one that I knew had my best interests in mind.
There are probably more than one property that may meet your requirements when searching on line. If you select a single realtor and share your findings with them as well as your search criteria they should be able to review your choices and perhaps suggest a few more that might be of interest. They can do all the legwork and schedule the showings as well as negotiate the offer and handle the closing process on your behalf. You will certainly get a more objective view this way.The listing agent wants to sell the property they have listed if at all possible. If you go from listing agent to listing agent you will be working with someone whose main responsibility is to sell that home.
You really need to make the decision *before* you find the home, so if you include the above in your decision making it seems clear to me that having one person to help you is better for you. There should be nothing preventing that agent from getting you a great deal. And if you do that up front, you'll be able to interview several agents and choose the one that can best represent you and understand your needs.
(Many buyers make this decision half-way through the process, after they have called a few agents and are getting tired of the mortgage qualification questions...so they usually wind up with the next listing agent they call. Since agents aren't all the same, you may not get the best one for you...)
I can match buyers anywhere in the world with a good, experienced buyer's agent through my network -- as can many other agents.
First. Working with a Listing agent will result in a "Dual Agency" http://www.realestatelawyers.com/Dual-agency.cfm. This link will help understand the defination and implications of a dual agency. You may consider having a Relator represent you.
Second. Working with a single realtor. My personal opinion is you short list, test and interview a few realtors ask your friends and collegues also to reccomend a few realotrs. At some stage you may wish to go along with a single realtor, thats only after you are satisfied that the realtor Listens to you and understands your needs and requirements and mutual trust has been established. I have seen a few buyers juggle around with 2 or more than 2 realtors. Seek advice from a Realtor and then take your own decison. Contact: http://www.UMeandRealEstate.com
Developing a relationship with your realtor is paramount as this enables you to feel at ease while going through the steps of the purchase transaction. Many real estate agents will tell you that you can get a better deal if they "do both sides." IN this case some owners may have a stipulation in their listing agreement stating that if their listing agent brings in a buyer they can then pay a reduced commission. This will of course benefit the seller/owner but in reality, if you make the connection with your agent...be it the listing agent of the property or another agent you contact to assist you in your purchase...the connection is what matters. Trust, integrity and of course knowledge of the area/market is essential in choosing your representative.
Please feel free to contact me if you'd like more information on some of our wonderful homes here in the Jupiter area! My family and I live here and have found it a wonderful community to work, play and prosper!
Debbi Shattow, The Shattow Group/Whelihan Team Realty http://www.TheShattowGroup.com.