This question brings up visions of a Geico commercial for me.
There is a school of thought out there that believe buyers can save money by purchasing a property directly through the agent who has the listing, otherwise called the listing agent. While that may be true in some circumstances, it is in fact not the case in most real estate transactions. While I do not have empirical data to prove this statement, I do have the “working in the business” knowledge to support it. It just does not happen all that often.
Most of time, the listing agent will not reduce their commission when they represent both parties. They are doing double the work and have double the liability, not to mention the fact that they did their job: got the property sold.
Buyers need to know that their interest’s may not necessarily be best served by going directly through the listing agent. While the listing agent may have more knowledge about the property as well as have direct contact with the seller, a good buyer’s agent will typically do more due diligence on the property and protect a buyer’s interests. A buyer’s agent is just that, they represent the buyer, not the seller.
So, unless you are a caveman, or if you are a curious buyer, you might want to consider some of the thoughts I have in the video below.
Like the video above? Check out other topics I have Vlogged about.