08/27/2024
Second week completed! I am still here! The sellers I have spoken to are wanting more explanation as to why they have to ācompensateā a buyers agent. In our office we have had agents experience buyers saying they are āunrepresentedā and will be using an attorney. I am curious as to how much an attorney will charge and what will their role be. I will say sometimes you work with a buyer and it is very easy, show a few homes, make an offer, go over the 67 pages of disclosures, nice clean home inspection, very few repairs needed and stay on top of the loan process, hope it appraises and help coordinate the details for moving. However, we refer to those as āgiftsā because here is the norm. Show many homes, challenging home inspection and lots of negotiating. I am currently working with a buyer and I have shown 76 homes, that means I researched probably over 100. Made appointments, wrote offers on 4. Home inspector said roof is shot, needs a sewer line inspection. I like to get 2-3 roof inspections as there is a big difference in quotes and trying to find a plumber with a camera available in 3 days in a challenge. As the buyers agent thatās my job to coordinate as most buyers do not know these trades. This needs to be completed within our contingency period so buyers deposit is not in jeopardy and we stay within the timeframes of the contract. So yes occasionally itās very easy and fun but the norm for a good buyers agent is time spent that is not compensated until it closes. Stay tuned! I feel our new way of navigating real estate will take a year to fully unfold!