In today’s markets home buyers are more intelligent than ever. If you are a hands-on home buyer or investor who likes to purchase homes directly through the Listing Agent or directly to the home seller, how do you know if you’re buying an over-priced home? You can ask the listing agent for recent comparables, but really, will they be sending you the correct comparable sold data? They work for the Seller and is trying to get as much money in the sellers pockets as they can, you are not their client so why would they work for you and look after your best interests? The listing agent is trying to make money for the home seller and so he/she can’t be trying to save you money, which just wouldn’t make sense. How can one Realtor try and make as much money as they can for the home seller at the same time get the best deal for the home buyer; it can’t happen, it’s a conflict of interest.
Many times we have heard buyers going directly to the listing agent, the listing agent will say “Yes, Mr. and Mrs. Home Buyer, you’re not working with a Realtor so I will save you $10,000 of the list price” The home buyer thinks they’re getting an amazing deal but in fact, they are still buying an over-priced home and they should be getting $20,000 off the list price.
This is a common mistake from home buyers and the only way to prevent this is to 1. Get a Real Estate Agent to look after your buying needs or 2. Sign up to an eSolds.ca account and get the MLS® Sold Listings within 24hrs. Look at the true unbiased Sold Comparables and make an informed decision without the hassle and pressure.
Become a Smart Home Buyer and sign up to an eSolds.ca account today!