An exclusive Buyers Agent may be hard to find in some locations but if you can find a Buyers Agent who NEVER represents sellers its a good indication that you have a real good money saving helper on your side. If he works the deal like a dog with a bone. Asks you to pay more or makes follow up phone calls to you then you do not have a Buyers Agent. You have another person trying to sell you some real estate. Buying Boston Real Estate Without a Buyers Agent is Like Going Into Court Without An Attorney. Here are some tips on finding a really helpful Buyers Agent and what you should expect from them.
I’m having fun here but the point is that I think many buyers do not seek out the services of a Buyers Agent because it looks like more work up front as well as an invasion of privacy. Ask lots of questions and read their blog if they have one. Look into their philosophy because If you can find a Buyers Agent you trust it can save you 10s of thousands. This must be worth doing the same rigorous interview you would have with anyone handling responsibility like your new lawyer. Have the same reservations you might have for a used car salesman. Dishonest Buyers Agents will hand pick sold statistics to reinforce the sellers ideas about the value of the property. Don’t settle for just the sold units that agree with the asking price.
He or she will pull several sets of sold property statistics.The first is done in preparation of the offer. After the offer is submitt another set coming from a different direction with the numbers can reinforce the offer. Warn the buyer not to go higher or in some cases point out that the property is actually under priced. It happens but its always a mistake made by the people pulling the statistics.
The whole idea of practicing impeccable Buyers Agency is to take out personal opinion and conjecture. Numbers don’t lie and if the numbers are wrong the property is overpriced period. You will find out if you have a real Buyers Agent if she starts to reconcile the sellers numbers to bring the deal together. Thus this kind of brilliantly disguised Listing Agent is along for the ride and the commission. She wont pull another set of numbers to counter all the anecdotal hype that just streams out of the Listing Agents mouth. She is content to let the Listing Agent sell some real estate to her buyer client. Bad form absolutely dishonest.
Mention cash rebates to consumers and its cash for clunkers all over again. People are suckers for a cash kickback especially in the middle of a deep recession. I would not be surprise if Massachusetts and other states eventually outlaw this practice. Its so transparently manipulative and a little sad. There are all these buyers tripping over themselves to get a cash rebate while attention is taken away from the actual price being paid for the house. In other words they are looking at the short term while a good Buyers Agent can get the price reduce. If I can get you the home for 500K instead of 530K, you just saved $180 per month for the next 30 years http://buyfloridarealestatenow.com.