House Hunting without a Realtor?
First of all, the sellers pay my commissions, not the buyers. Think you can save money by house-hunting on your own, and asking the seller for a discount since you're not represented by a Realtor? Guess what? You'll just do the listing agent a favor by doubling their commission! Now they'll get both the buyer's and seller's commissions. You still will not get a discount.
Remember, a listing agent's job is to get the best price for the seller. If the listing agent is representing both the buyer and the seller, the listing agent's agenda is STILL, to get the best price for the seller
Your best bet is to be represented by a BUYER'S agent who will look out for YOUR BEST interest. You can't be on your own to go over pages and pages of property disclosures. I can point out what to look for. This is what I do. I can access property records and sold comparables in the area to guide you in making the best offer and use these tools to leverage our negotiations with the sellers. The offer is an 8 page document that we are very familiar with. Exit strategies and leveraging are done by how this is filled out. Having me as your buyer's agenhist, I will fill this out to YOUR advantage. If you have the seller's agent prepare this for you, their interest will NOT be for YOU but to the SELLER. Why? Because the higher the price, the larger their commission. My goal is to get you the lowest prove because, the lower the price, the happier you will be. The happier you are, the more you'll brag about me afterall, I love referrals, and I'm FREE!
Jim Cannon, CNE, e-PRO