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WRONG!
THE TRUTH:
While certainly nothing
PREVENTS you from dealing directly with the real estate agent who's
representing a sales-offer of a particular property on behalf of a
seller, it's NOT really in your best interest to do so.
Why? Because to begin with, many buyers
don't REALLY understand the actual difference between a 'listing
agent' and a 'buyer agent.'
You see, when you respond to an ad in the
newspaper or to a posting on the Internet, you're dealing with the
'listing agent. The listing agent represents the SELLER and the
seller's interests—EXCLUSIVELY. Their job is to get top dollar for
their client, the seller. Their job ISN'T to get you, the buyer, the
best deal. That, on the other hand, is the objective of a 'buyer
agent.'
Now then, a seller's listing agent really
would actually prefer that there be NO 'buyer agent' involved in the
transaction! Because if the listing agent is indeed the SOLE agent
involved, they get to keep 100% of the 'sales commission' to which any
agent or agents are collectively entitled.
But when a buyer-agent IS involved, the
listing agent has to 'share' the commission with them (usually 50% of
a standard 6% commission). So of course, the listing agent would hope
that they can indeed close the sale for their seller-client WITHOUT
any other agent involved! Which means that when you DON'T use your own
buying agent, NOT ONLY will the seller's interest be placed over and
above your own, but you'll ALSO be dealing with an 'intermediary' who
stands to earn twice as much for themselves BECAUSE you had chosen to
not have your own representative!
In a manner of speaking, when you
therefore do go directly to the listing agent as a 'buyer', it's
really akin to asking the same attorney to represent two opposing
parties. But with your OWN 'buying agent,' you are ensuring that you
DO have someone with experience and expertise in YOUR corner, who can
look out for YOU and your interests—and who can negotiate the price
and related details of the transaction on YOUR behalf.
In any real estate transaction, from the
BUYER's perspective, it's therefore ALWAYS best for there to be TWO
agents involved. Because indeed, if you do go DIRECTLY to the listing
agent, not only will you be dealing with someone who's out to maximize
the commission for themselves and who's not at all concerned with
representing YOUR interests, you'll ALSO probably end up paying a
HIGHER PRICE in the process! `Purely because YOUR interests aren't
being at all considered or represented FROM THE VERY START!
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