Interested in That House? Resist the Urge to Call the Listing Agent
Monday, December 23, 2013 at 3:55PM
Judy in Buyer, Buyer Tips, Buying a Home, buy, buy home

That may seem contrary to reason, but there are a few very important reasons why you should have someone OTHER than the listing agent represent you.

So stop right now, before you call.  It can cost you a LOT of money unnecessarily. Here's the how and why:

The agent has entered into an exclusive agreement to represent that seller, and owes his/her fiduciary responsibility TO THAT seller. In layman's terms, that agent is contracted to obtain the highest possible price for that property. Don't you want to pay the LOWEST possible price for that property?

Let's take it a step further- Besides having the legal fiduciary responsibility, that agent knows the seller  better than they know you. What would make you think that even as a dual agent (where the agent represents both parties, as agreed and acknowledged by both parties) that they could in fact treat you fairly when they have known that seller client longer, and have had more communication with the other party?

Also contrary to what you might think, an agent cannot reduce the commission in order to consummate the transaction without the owner of the company agreeing to it. By the way, the majority of the firms out there are franchises, and even the managing brokers really don't want to cut a commission- they don't have to. The property could be purchased  by a buyer represented by another firm,  you could purchase a different property from the agent,  and the firm would be out ZERO dollars.

If you are interested in buying, call me. You 'll get top notch representation, years of negotiation skills, and an agent who wants to save YOU money- not  make the deal happen for their own wallet.

 

"When You Deserve the Best, You Deserve Judy"

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 The Featured Home of the Week is a 3 bedroom, 2 bath ranch home at 20 Hickory Drive, Westport  for just $549,900. See the virtual tour HERE 

 .....or better yet, call Judy to schedule an appointment to see it!


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 Buying or Selling a Home in Fairfield County?  Contact us!

If you have a question about buying or selling Real Estate in  Fairfield County, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :) - Judy

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Article originally appeared on Fairfield County CT Real Estate & Homes for Sale in Easton, Fairfield, Norwalk, Trumbull & Westport, Connecticut (http://www.thectrealtyblog.com/).
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