If you’ve been following the mainstream media you may have read that Sellers are no longer required to pay Buyer’s Agents. It’s an interesting headline unless you are in the real estate business and know that Sellers never were required to pay Buyer’s Agents, but that’s another blog.
The fallout from these headlines has led many consumers to call Listing Agents (agents that represent the seller) directly and declare “I don’t want a Buyer’s Agent.” There are 3 reasons why this does not turn out well for unrepresented buyers:
- The Listing Agent represents the Seller in the transaction. As an unrepresented buyer there is “no one” on your side. You can choose to have an attorney draw up a Purchase and Sale offer for you, however, your attorney is not a real estate professional in terms of negotiation at time of contract or throughout any other contract contingencies that arise.
- Every real estate transaction is unique. You cannot “google” or ask “AI” to help you navigate the process. You need to have a local professional real estate agent that understands the nuances and traditional practices of the current real estate market.
- You don’t know what you don’t know. We’ll leave it there.
Bottom line, hire a Buyer’s Agent. If you don’t, you will not be successful in securing the home that you want. Buyer’s Agents know how to work quickly on behalf of their clients. If you don’t want to pay your Buyer’s Agent because it’s too expensive, then what is the cost of “not” securing a home for yourself or your family?
If you've been thinking about buying, we are here to help! We will guide you through the entire process from home search to closing, providing unparalleled support and expertise every step of the way. Contact us today to get started.