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Fwiw in theory the selling agent getting the entire commission should be more willing to twist a seller to accept your offer, than if they are splitting with th
by gist 10y ago
Fwiw in theory the selling agent getting the entire commission should be more willing to twist a seller to accept your offer, than if they are splitting with the buyers agent. Plus independent of ethics, they might be more willing to hold off another realtor asking about the property for their client (who they will have to pay a commission to) if your offer is in process. By hold off I mean not return a phone call immediately or try to stall in a way that wasn't obvious.
Otoh there is a disadvantage to not having a realtor as an agent in the sense that the selling agent should be able to more accurately read your intent because they hear your voice and what you are saying. Now if you are good at the game you can get beyond that but most people aren't up to that skill level for home buying.
- rgbrgb 10y agoWe thought that would be the case, but in practice we've found that listing agents usually refuse to double-end deals. Instead they tend to refer clients that approach them to a friend (often another agent working under the same broker). I think the reasoning is that there's a higher chance of the deal falling through if the buyer doesn't have their own representation coaching them through it. There's a lot that's not intuitive about real estate deals (or at least violated our initial assumptions).
- gist 10y ago> deal falling through if the buyer doesn't have their own representation coaching them through it I believe that. It's possible because perhaps the buyer is under the impression that the agent is working in their interest and doesn't have a bias. (Similar to the way you might believe the restaurant waiter if they tell you a few things that you don't expect to hear from them..)