Southern Maryland Best Buys

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No Thanks, I'll Just Call The Listing Agent

Here is a very good post that draws attention to a misunderstood subject. I would like  to add that the Buyer's Agent will be very receptive to showing many more properties to compare the initial selected one to for the best Buyer choice to be made.

Doug Rogers Century 21 Millennium

Hi, Doug i'm calling about the home at 123 Maple. Can you show it to us today"?

Sounds like a promising call, right? Too bad I sold 123 Maple over a year ago. The website these nice folks were surfing still had the home as "Active for sale". When I shared this news the buyer's response caught my attention. "Yeah I figued, been getting that a lot this week." Instead of hiring an agent, he was calling on homes advertised online. Let's examine why he should consider shopping for an agent instead of a house.

1) Third party websites often have old information-- The property pictured sold in 2010, I founded it online recently still active for sale. Surfing blinding not only wastes time but introduces frustration from the start of an already stressful process.

2) Listing agents work for the seller-- We sign a contract with the seller PROMISING to work in their best interest, even ahead of our own. Where do you think this leaves your interest? Yep, comfortably in THIRD place.

3) Listing agents can't give unrepresented buyers half the commission-- I hear this from time to time. "If we don't have an agent, the seller will give me the buyer's commission. Commissions are negotiated between the seller and BROKER at the time of listing. How often do you think a broker allows an agent to give away thousands of dollars? Think they will make an exception for YOU?

4) Buyers representation is normally paid by the seller--What will it cost you to have professional representation? Nothing normally.

5) A buyer's agent can show you ANY home listed for sale-- In our market real estate agencies cooperate. I can sell homes listed by any brokerage in my MLS. Don't think you have to call the name on the sign.

So how did the phone call end? Did the buyer "see the light" and put me to work for his best interest? "No thanks, I'll just call the listing agent". Some seller is likely to score a great deal on their home.

Doug Rogers Century 21 Millennium

Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!

Doug Rogers

Associate Broker

Century 21 Millennium


Century 21 Millennium

donahue Ferry Road

Pineville, La, 71360

(318) 640-2121

Each office independently owned and operated. Equal opportunity housing. Doug Rogers is a licensed real estate agent in Louisiana



 

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Comment balloon 4 commentsCheryl Ritchie • October 16 2012 06:10AM

Comments

Buyer's Agency is the only way to go! As an ABR we need to make this more understood to the communities we serve. It will only benefit the buyers and keep us all working for the correct client. Amen! PS I am a Golden Retriever Mom too and how about that we share the same name.

Posted by Cheryl Eskridge, ABR, CRS, GRI, PMN, Broker, Licensed in WI & TX (Eskridge Real Estate) over 6 years ago

Good morning Cheryl. This happens a lot, both the advertising glitch....most advertisers never purge, and the buyer thing too.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 6 years ago

Cheryl, I get those calls too and the buyer is not really surprised when hearing the news. I try to get them to let me help them, but this type buyer is very standoffish.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 6 years ago

Hadn't really thought of this angle. What ever happened to truth in advertising? Since agents syndicate thie listings to these sites I wonder if that would be considered an ethics violation. Several years ago when the MLS updated every 30 days I had the privlege of going before the Licensing Board here to explain why I had an expired still be advertised and although our board explained the 30 day rule I was fined $500. by the commission.

Posted by Charles Stallions, 800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl. (Charles Stallions Real Estate Services ) over 6 years ago

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