NO BUYER'S AGENT = INCREASED RISK (PT 11)

BUYING FROM A SELLER'S AGENT OR "DUAL AGENT" (PT 4)
(BILL GASSETT)
 

ALL THE REST
The difference between a buyers' and seller's agent is staggering. When you go directly to a seller's agent you lose the ability to have someone who is your confidant. Those who think of a buyer’s agent as a taxi cab driver are missing the whole point of having a buyer's agent. The smallest role a buyer’s agent serves is showing you homes! Again when you go to a seller's agent you give up the following:

  1. Loyalty to you and you only!
  2. Confidentiality – a seller's agent by law has to pass along to a seller anything relevant that you tell them.
  3. Accountability – an agent working for the seller is not accountable to you.
  4. Obedience to lawful instruction – a buyer’s agent must follow your instruction unless it is breaking a law.

FINAL THOUGHTS
In most circumstances, is does not make a lot of sense to forgo using a buyer’s agent. Keep in mind, in the vast majority of circumstance you DO NOT pay a real estate agent to represent you when buying a home. Real Estate commission is almost always paid for by a seller. Is it possible you will run in to a for-sale-by-owner that won’t pay a buyer’s agent fee – sure. In a case like this, where you would have to compensate a buyer’s agent, all you would need to do is make your offer -taking this into consideration.

Mike Waldvogel