All Forum Posts by: John Smith
John Smith has started 1 posts and replied 2 times.
Post: Will this approach to homebuying work?
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the more i think about it.. the more i wonder if the proper approach to buying a house is to find houses on my own and schedule walkthroughs for each house by contacting the listing agent for that house. if i like the house and want to put an offer on it, then i sign a buyers agency agreement with the listing agent that will terminate in the event the transaction fails.. the listing agent is then forced to act as a dual agent in the transaction, meaning that he/she cant represent the interests of seller over buyer or vice versa. since i rightfully question whether any exclusive buyers agent truly puts my best interest over their own in a real estate transaction, i believe the quality of representation i would receive from a "dual agent" over an exclusive buyers agent is essentially the same.
the advantage to this approach is that i am not bound to any long-term buyers agency agreements with one individual and that in any transaction, i am always able to compromise the quality of the listing agent's representation to the seller by forcing the listing agent into dual agency.
does that make sense?
Post: Buying property on MLS without realtor
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Originally posted by Gabriel H.:
Originally posted by Gabriel H.:
With sites like Zillow now available to the public, I can see everything for sale and even put together a CMA on my own.
Originally posted by Gabriel H.:
Yes they can, but the question is "Will they?" Will they place the buyers interest above their own interest in closing the sale to collect a commission? In my experience in Pennsylvania, the answer has been "No" a majority of the time.
Originally posted by Gabriel H.:
If I were to bypass the option to use a buyer's agent, I would get a good real estate attorney to review all contracts and I would tell the seller that I expect the commission that had been set aside for the buyer's agent to be used instead to reduce my closing costs.