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WRONG!
THE TRUTH:
Even when you DO make the very
wise choice to use your OWN buying agent to represent you on the
purchase of your new home (instead of working directly with the
'listing agent' who's representing the seller's property), you're
STILL faced with ANOTHER choice....the choice of WHICH buying agent
you should choose. And all buyer agents are NOT the same!
Why? Well, to begin with, although buying
agents do represent you, the buyer—they ALSO have their own agenda.
With that being 'close a sale as quickly as possible' (so that their
commission-earnings can be reaped with the MINIMUM amount of work and
effort)—and 'MAXIMIZE the commission to be earned (from the portion
they're due to receive from their 'sharing arrangement' with the
'listing agent').
So from the very beginning, do understand
that the higher the price that YOU pay, the MORE your buying agent
will make. And though it's obviously not really fair for your agent to
be paid more (for the same work!) as the price you pay increases,
that's just the nature of the 'system' with commission-earning
buyer-agents. And because of this, many times—and sadly—a buyer
agent WILL be putting their OWN interests over YOURS! They might for
example try to pressure you into the transaction--and might NOT go out
of their way to negotiate the best deal for you, for fear that they
stand to lose what they see to be a quick-commission so near on the
horizon.
Which means that finding that 'optimal'
agent who will REALLY 'fight' for you—and who will voluntarily
advise you to 'walk away from a deal' that they see you can
potentially be pressured into closing (for their OWN immediate
benefit)—is
NOT really going to be as easy a task as it might initially seem.
And that's not the only problem. Because
you ALSO have to make sure in your choice-of-agent that they really DO
have the level of experience and expertise and objectivity and
negotiating skills that will be so important to you. Are they the type
that will take the time to point out potential problems with the home
you're seeing---and do they even have the experience and eye to do
this? And WILL they? And how adept are they REALLY at negotiating
'hard' for you! And will they REALLY go out of their way to search-out
and steer you to the home that's perfect for you?
Knowing WHO YOUR AGENT 'IS' therefore
becomes a critical decision. And a big one. So you REALLY have to do
the research to learn who you'll be dealing with---and NOT choose
just the first agent you meet, nor one from the most
heavily-advertised real estate company. Because the service with which
you stand to be provided can vary widely from agent to agent as can
the quality of the service. And you certainly should ensure that
you'll get the best service available. And ensure that your agent WILL
put your interests ahead of the seller's, as well as ahead of any of
their OWN quick-commission objectives. And such an agent is not an
easy find!
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