Quote:
Originally Posted by Soukus
I don't see the need for a real estate agent to represent us at this point. Obviously we would perform inspection, etc, but adding a second agent would mean the seller will have to give a percentage. So without a second agent, it would be another point to leverage the offer, yes?
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Not necessarily. The agent will likely be getting the full commission (5, 6 percent?) But may have negotiated a reduced rate if he double-ends the deal. Sure, he will be VERY motivated to make it work, but who will he be representing when it comes to negotiating?
Because of his dual agency role, he likely won't be able to advise on comps, market value or negotiating strategies.
I don't think there's a single good reason to NOT get a buyer's agent involved. It won't cost you anything (a selling commission has already been factored in. If you are talking full asking or close to it, it's not like you need a lot of "leverage" anyway. What you do need is someone who will make sure the proper protocols are used for writing a backup offer, and getting it presented. Who knows what kind of interest the listing agent may have with the existing offer.