Many people's first instinct is to call the agent whose name is on the home for sale sign, but should you buy a Charlottesville home from the agent whose name is on the sign?
While out driving most of us notice the real estate for sale signs in front of properties that catch our eye. As you know those signs also have contact phone numbers for the listing agent. It would appear that the easiest way to view that farm would be to simply call the phone number that is right in front of you. Afterall that agent will know the most about the property… Right?
Well there is a major flaw in this line of reasoning. The real estate agent whose contact information is on the sign is the listing agent and they are working for the seller. What does this mean? In addition to selling the home or Virginia horse farm, the listing agent's job is to get the seller the best price under the best conditions for the seller. The listing agent will not be looking out for your, the buyer's interests.
You may think that because you have bought homes before that you know what to do and do not need an agent. Besides you will save money by not having a buyers agent. Since the only commission being paid is the listing agent's you will get the home for less money. Makes sense doesn't it? The seller will only be paying a commission to one agent. Well, it doesn't work that way. Commissions are negotiated between the seller and the selling office. The selling office then agress to split the commission wih the buying office if another company brings the buyer; otherwise, and this is the important part, if the listing office also sells the home they keep both sides of the commission.
Therefore, it doesn't mske sense to give up your representation to buy from the seller's agent. Afterall if you are sick you would consult a doctor, and if you have legal troubles you will consult a lawyer. When you are looking for a Charlottesville home or Virginia horse farm for sale, the firse step is to have the assistance of a real estate professional who will not only counsel you during the purchase but who will also help with the myriad of details between contract and closing.
Remember if you do decide to initially view a home with the listing agent do not divulge any information that could hurt your negotiating positions during contract negotiations.
Contact
Pam Dent
, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.
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Copyright © 2009 by Pam Dent, all rights reserved, "Should You Buy A Charlottesville Home From The Agent Whose Name Is On The Sign?"
Pam Dent
Thanks for the great information. This is really helpful.