05/21/2024
Addressing the NAR lawsuit that everyone is all jumpy about...
Those Buyers who believe they can do it on their own. GREAT. If you, as an unrepresented Buyer, believe you have the necessary skill set to Write an offer (or hire an attorney to), find your own financing, negotiate an offer, negotiate repairs, negotiate the terms and walk yourself through a successful closing and feel comfortable at closing, that is up to you. I haven't encountered any buyer clients myself that could actually pull this off. Most of the time even the seasoned homeowners need guidance.
If you try to independently buy, you are going to get taken advantage of, reminding people why Buyers Agency was created in the first place. If I represent the Seller, I am going to use every skill I have to get the best possible deal for my clients. You miss a contingency as a Buyer? FANTASTIC I secured the most amount of Earnest Money from you as possible & will tie it up to get it back to my Sellers. You send me a repair request? Do you know how to navigate the potential outcomes in case the Seller doesn't respond? Do you know your timelines for termination? What about financing contingency? Title? HOA? A good agent will use every skill available to make sure that their Seller gets the best possible outcome, if they are representing the Seller in a non-representation of the Buyer situation. You will quickly learn the value of an agent when you lose your Earnest Money or the house or even end up homeless.
So many of the people just think of Agents as gate keepers, or useless. The good Agents keep their clients out of court, and out of trouble and make sure that their client has adequate representation, that can only be achieved through experience. SO WHAT if you bought your last house from Aunt May in 2016, that does not qualify you as an expert on Contracts, Negotiating or navigating the intricate nature of home purchasing.
If you want to be represented by a pro. Let me know.
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