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Author: millerpim Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127679  
Subject: Re: Found home...should I still get a realtor? Date: 12/2/2001 3:46 PM
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Have you toured the home yet? Was it through an open house or did you find the property online? All those things matter some. If the listing agent showed you the house and then you show up with another agent to represent you, the listing agent is going to be pissed. That's not to say the listing agent won't work with your agent, but really, having somebody pissed at you isn't going to help get the best price and, depending on the agent's integrity, could even sabatoge the deal.

If you deal strictly with the listing agent, the l/a will get both sides of the commission, and where there's more money to go around, added incentives to get the deal closed exists. I sincerely believe agents work a little bit harder for you when they stand to gain 100% of the commission. Say another buyer comes along and that buyer is repesented by a selling agent, so your offer is up against another's. For whom do you think the l/a will push the seller to sign? It's just human nature. It's greed. And it's not fair. But life isn't fair. And not everybody is ethical.

If you're uncomfortable with the listing agent, you could hire an attorney to review the offer to purchase before you sign it. The attorney might charge you a couple hundred bucks, but it would be worth it in the long run. One tip: don't tell the listing agent that you are going to have a lawyer review the offer until the listing agent draws it up and hands it to you. Then fold it up, put it in your purse or briefcase and tell the listing agent then. "I want my lawyer to review this," tends to irritate real estate agents to no end. So it's better to wait before you say anything about it. Real estate agents say that lawyers are "deal busters." Generally, that's because lawyers care about their clients and real estate agents care about as far as their bank accounts and the next deal.

elizabeth
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