Quote:
Originally Posted by speeder
I don't need a buyer's agent. And I'm dealing w properties where my offer might not be the highest but I offer other incentives so every thousand dollars matters and I want the listing agent to be motivated to push my offer.
My offer on places like this goes like this: all cash, no inspection, no appraisal, no contingencies and here is a check for X dollars, (5 figures), if the deal falls through for ANY reason on my end, you keep that $$. 7 day closing.
It gets their attention.
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Fair enough, but for someone who seems to think he doesn't need a buyer's agent, the very first words out of your mouth concerning a property should be: "Are you the listing agent?". As you said, lesson learned there.
Just keep in mind that anytime you deal with a listing agent as an unrepresented buyer, it just muddies the waters. In a dual-agency situation, the listing agent cannot give either party their full attention and both buyer and seller get a lower standard of care by default (which you will likely agree to in writing). That is if the listing agent is ethical and treats both parties fairly/equally. In reality, most listing agents will still favor the sellers in a dual-agency deal. The more savvy/experienced you are as a buyer (and with as few moving parts to the deal as possible), the less of an issue in may become. However, if/when things go sideways, you can come up on the short end.