Monday, February 17, 2014

How not to get the best price on your next home purchase.

Home buyers should have their own real estate agent.  It makes sense especially since the seller almost always pays for the buyer's real estate agent.

The first way to not get the best price is to call the name on the sign out front.   Still some mistakenly believe they will get a better deal if they call the seller's real estate agent.

The problem with this line of thought is the seller's agent already has an agreement with the seller that states what they will be paid when the home sells.  There is absolutely no incentive for a seller to sell at a discount because their agent has the buyer.

A key point buyers should remember is that here in Florida there is no dual agency....the seller's agent can't represent both sides in a residential transaction. 

Another way buyers can lose is when they call the for sale by owner to skip the real estate agent all the way.  The beneficiary here is most often the seller - especially if they are experienced in the process and the buyer is a novice.

Look back at the first two sentences in this article.
  • Your real estate agent will do the research for you.  
  • Your real estate agent will provide the comparable properties so you can make an informed decision.
  • Your real estate agent will negotiate for you. 
  • Your real estate agent knows the home purchase process and the safeguards to put in place during the process to protect your interest.

Your real estate agent does not cost you money while not using a real estate agent may cost you.

Considering buying a home in Brevard County, Florida?  Call me at 321-693-3850 or send me an email if I can help in any way.