Why Have a Buyer's Agent

Going to The Listing Agent is a Mistake

For some reason a decent percentage of buyers think that going directly to the listing agent offers them some kind of magical benefits. The thinking quite often is that they will get a commission discount by doing so. Let me ask you a very straight forward question - would you rather save two thousand dollars only to overpay on the same home by ten thousand?

Doing some quick math that is a loss of eight thousand dollars. This is in fact what buyers do all the time. Don't be that stupid! You should always have an exclusive buyer's agent who is going to be looking out for your best interests throughout the transaction. In the article at Active Rain, you can learn all the benefits of using a buyer's agent when purchasing a house. The least important function of a buyer's agent is showing homes.

The purpose of having a buyer's agent is having a fiduciary that is going to give you the best advice so you don't make decisions that cost you money. They are there to help with due diligence. The buyer's agent is someone who will be your trusted confidant throughout the process.

Take a look at the article and if you know someone who will be buying a home share this information with them. Never go to the listing agent or accept dual agency.