Pros and Cons of Buying With Listing Agent

It seems to be a popular idea – if I buy with a listing agent, I will save on buyer's agent commission, get a better deal, etc. Not really. Let's see why….

two devils

1. Listing agent is representing a SELLER. He's known Seller for quite some time, they established some sort of relationship and trust. And you are just walking through the door and trying to get a discounted price, guess what?

2. In a dual representation, listing agent will have to do double amount of work. And you think he will give you the buyer part of the commission. Guess what?

3. In 99% of cases when signing a listing agreement, listing agent will discuss the situation of multiple representation with the seller. If listing agent brings his own buyer, he will reduce the commission he is charging his seller. So, say instead of 5%, 3.5% commission would be charged. This is the money you are after right? But they don't exist – already given to the seller.

4. Listing agent is looking after the interests of the seller. Who is looking after you? Do you believe one person can effectively represent two parties with opposite interests? Serving two devils, this is how it is called

5. Statistics does not lie – unrepresented buyers, or buyers in the multiple representation quite often over pay or end up with less favourable conditions then when they are represented by a buyer agent.

Have questions? I will be right here. And Happy Buying!

My real-time web-site updated hourly with all the hot listings.

Please, make sure the property you are buying is worth what you are paying for it, or at least has some potential – get your free market evaluation.

More on Home Value

Realtor.CA – Did You Know?
Home Appraisal – Why is it Important to Know Your Home Market Value
Real Estate Bubble, and how Buyers Make It Happen

More Tips for Home Buyer

Grow House Anyone? Help yourself – there is plenty around!
12 Steps To Buy Your First Home
Types of Homes – Learning Real Estate Terms
First Time Home Buyers – Wonderful Video For You by CMHC
Discount Real Estate Brokers – Illusion and Reality or Free Cheese, Get now – Pay later
Moving Checklist –  based on the list from Martha Stewart
Some More Mortgage Terms and Rates
Mortgage Basics
Your Home and Maslow's Hierarchy of Needs
10 Reasons Why You Need a Realtor to Buy a House

More Tips for the Home Seller:

Mr. and Mrs. Home Seller, please, Leave the Premises!!!!
Home Seller Tips – Take Lots of Photographs of Your Garden
Closing Your Pool for the Winter – Homeowner Tips
National Do-Not-Call-List – Do You Really Know What this is?
Video Tours, Virtual Tours or a Combination of both
Making Your House Buyer Friendly – 10 Seller's Best Friends
Please, Don't Let the Cat Out – you gotta be kidding me!
Handymen Gone Handless or possibly brainfree!
Moving Checklist
Discount Real Estate Brokers – Illusion and Reality or Free Cheese, Get now – Pay later

Compliments of Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty – selling with a smile!

MarinaG.ca

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