Martin asks….I am ready to buy a home. Do I need my own realtor or can I just go through the seller’s agent?

 keyYou are not alone in your thinking, Martin.  Many buyers believe they could save money and have an advantage if they use the realtor who listed the home.  You may have an opportunity for a reduced commission – but don’t count on it. The agent has the right to make this decision, so have that discussion in advance.  One thing to keep in mind is that now the agent has responsibility for BOTH sides of the transaction.  Also don’t be so quick to believe that just because you worked with the seller’s agent you will automatically get the house.   It is often in your best interest to have your own agent working for you.  A buyer’s agent will be your advocate and negotiate the best price and terms for you.

Ask the agent about agency agreements and laws in your state.

The bottom line is that buyers should consider the risks as well as potential rewards before they decide to forgo buyer representation. Having a real estate professional on your side will ensure the closing goes well, you are represented and will avoid costly mistakes throughout the process.

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One Response to Martin asks….I am ready to buy a home. Do I need my own realtor or can I just go through the seller’s agent?

  1. Hermann says:

    Great way to put it! The same goes for working with a knowledgeable independent insurance agent or trying to “save a few bucks” by trying to do it yourself…

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