The original question in your post is â€œBuy-side vs. Redfin realty...any experience with their agents?â€ Several of the responses chimed one common theme, and I have to agree, though â€˜slightlyâ€™ biased. As you will find varying levels of quality in any service industry as in a full service real estate agent, you will also find differences in quality in the â€œrebate or discountâ€ arena. Opening up different threads of debate from one question is the beauty of any blog and I applaud the responses. However, I could not continue to read without responding to the initial question as well as some of the other responses posted here.
The initial answer to the original question:
Caveat Emptor. I read it in previous responses and I believe it is the best answer for this question. I have no issue in saying let the buyer beware because we offer a great service with a different approach to real estate. Melody, you have taken the best approach already. Ask others. BuySide Realty is a model that represents the self directed buyer, who is prepared to do some of the work that a traditional buyerâ€™s agent may do. The first and typically most time consuming aspect being the search for the right home. And according to the National Association of Realtors, 64% of homes bought yearly, are NOT found by a real estate agent.
Is our model for every home buyer? No. But we believe it is a great alternative for the right type of buyers. Besides, we offer our buyers the opportunity to simply change their mind if they feel they need more assistance from a full service agent. Please refer to: http://www.buysiderealty.com/benefits/index.asp#promise.
The last paragraph titled, â€˜The BuySide Promise Gives you Peace of Mind to Get Startedâ€™.
As for some of the other responses from real estate agents, we encourage you to experience working with us. From what I have read, the responses from agents on this post have yet to work with BuySide Realty. Our approach is to offer a rapidly growing alternative from within the industry.
It is important to understand that we work very closely with listing agents to help successfully bring qualified, pre- approved buyers to their clientâ€™s homes. And of course, we comply fully with all state licensing rules and regulations in every state we operate in. Although I cannot speak on behalf of any other companies, here at BuySide we absolutely do not condone the practice of clients â€œusingâ€ a buyerâ€™s agent to take them around and then coming to us to make an offer. We stress on our website that clients call us to set up showings on their behalf, and if they do ever contact a listing agent of a property themselves, to make it clear that they are already working with a Realtor. In fact, upon submitting a potential offer we specifically ask our clients if they have seen the property with another buyerâ€™s agent, and if so, we do not submit the offer unless that buyerâ€™s agent has signed off on the commission in writing.
And I must ask, is it in your clientâ€™s best interest to â€œclick the delete key on your cell phoneâ€ when approached with an offer or an attempt to bring a qualified buyer to your client?
As for Patrick, I understand that you would rather the traditional agents receive both sides of the commission and do not want the buyer to benefit from his effort in finding his home. However, the money that the buyer receives helps make your sellers home more affordable. You know as well as I do that the rebate benefits all parties involved.
As far as our agentâ€™s compensation, as was corrected earlier, our model pays our agents a salary with a bonus structure based solely on customer satisfaction.
Thanks Ruth, it was a pleasure working with you too.
Good luck, Melody with whatever decision you make, us or them, full service or discount, carpeting or wood floors. But again, asking first is the best answer.