Quote:
Originally Posted by frayedends
1) Buyer's agents make the process much smoother.
2)You figure the seller pays the buyer's agent? Nope, not at all. After all who is the person putting out the money? It's the buyer, every time.
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1) I put that in the distinct 'maybe' category. If the buyer's agent is experienced and ethical, they can be helpful. Plenty of them are neither and if they lack in just one of those, the buyer can be in for a hellish time. Buyer's agents can be especially useful for people
new to buying real estate - that is for sure.
I've used them but, I especially dislike not knowing what the two agents are communicating to each other. Because I have no idea if I'm being represented accurately and a buyer better stay very close-lipped about particular details that could cost them plenty of the sell side knew of them -- because that info has a good chance of getting to them if it will help facilitate the trade. Same on the sell side -- tell the listing agent
only what is necessary to do get the house traded.
I prefer to negotiate directly myself so, no longer use agents on the buy side.
2) I understand the larger point you're making but, it may be confusing to some. Because, quite literally, the commission fees for ALL of the agents involved IS deducted from the sellers proceeds in the final contract.