My friend’s mom is the listing agent for a triplex I want to buy. She’s been incredibly helpful getting me info and I don’t want to offend her by using a different real estate agent at the end to make an offer and cut her profit in half. We had a horrendous experience with our last agent and I would like to use my friend’s mom going forward. Having said that, is it a bad idea to use her as both the buyer and seller agent on this deal? Can anyone shed some light on this? Thanks!
@Kaybreh Mathis using the listing agent as your agent can be an advantage. The listing agent will make twice the commission if they represent the buyer and the seller, so they are usually more likely to push for your offer to get accepted.
I think it's an easy decision that you should let your friend's mom represent you on this one. Especially because you plan to use her in the future.
@Tesho Akindele thank you! I wanted to make sure I wasn’t overlooking anything as I’ve never done it before. Is it awkward though, to have her negotiate between both sides? Do I just tell her what I’m willing to offer and my contingencies and she draws up and presents paperwork to seller? I want to make sure my rear is covered.
@Tesho Akindele also, I’m from Orlando! I don’t live there anymore though so I’m jealous of the warm weather!
@Kaybreh Mathis to be completely honest I have never done it this way before either, but I know people who have. Don't overthink it, just treat it like you would in any other situation. She is the one who has to deal with the awkwardness of negotiating. Just make sure you know what you are willing to pay, and don't pay any more than that.
Congrats on the deal! @Kaybreh Mathis
@Tesho Akindele Hit the nail on the head. As an agent, she'll love it, as she gets to double dip. Don't worry about the negotiation process, she's a saleswomen, she'll frame it in a very favorable way. It's always great when you're able to align interests with others.