Quote:
Originally Posted by Randall55
With homes EASILY ACCESSIBLE to everyone online, there is no need to work with a buyer's agent. It is time to admit and adjust. Other countries have already adapted to the new format.
I will not use a buyer's agent simply because they cause confusion. I will submit an offer direct to the seller. No, is an acceptable response. There will be no haggling from a buyer's agent who doesn't want to lose a commission. I live in a community with cookie cutter homes. Lose one gardenia model I like? Plenty more to choose from. I will simply wait for an owner to accept my offer. Can't do that? Then, I will buy a new construction at a lower price. No sweat off my back.
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As a potential buyer, who didn't live in The Villages, I think it would've been really monumentally stupid to consider the seller's agent, and not a buyer's agent. Why? Because I don't know which home I want to buy yet, and out of three dozen possible homes, there are at least two dozen sellers' agents representing the sellers of those homes. I'd need to deal with at least 24 agents, just to narrow down my options to a couple or three homes. And then, I'd have to maintain two or three different agents representing those two or three homes, to ensure that I'm looking at exactly what I want to look at, and not just some hype from an eager sales agent.
With a buyer's agent, they do all the leg work on my behalf. They check with those two dozen agents representing up to three dozen properties. They rule out any homes that are absolute deal-breakers for me. They then sift through the rest to provide me with the two or three homes they feel I should actually check on. And all this is done, with me making one or two phone calls to a sales person who is helping ME buy, rather than helping Jimbob Homeowner sell.
Once my agent has done all this legwork, THEN I come down for a visit, and check on those three homes. Maybe I don't like any of them. Maybe one is perfect and I put down a deposit. But rather than spending countless hours, days, weeks even, calling dealing with a couple dozen people I've never met but who want the person THEY represent to profit as much as possible with me paying the bill, I'm dealing with one person - who might or might not get any commission at all (if it's a Villages sales agent), or who might only get a piece of whatever commission is conveyed through the sale.