Wednesday, September 8, 2010

The Value of a Buyer's Agent

The value of a Buyer's Agent

Buyer Myth #1:

"If I call the Realtor off the sign, he has more information about the property and will be able to negotiate a better price for me."

The truth:

"That simply isn't true. First of all, any adverse conditions about the property are REQUIRED to be disclosed by the Seller upfront. Then you can have inspections to tell you what the seller didn't know. As for other information, ALL Realtors have tools and resources at their disposal to obtain additional information. A Realtor who is representing you should use these tools to put you in a good bargaining position. If you are talking about a seller's motivation, Realtors are required NOT to disclose motivation without a sellers written permission, which means the Realtor representing you could just as easily obtain that information... if not moreso, because your expert will know the right types of questions to ask to determine the sellers LEVEL of motivation. Which takes us to a 'better price'... No, as a matter of fact, you will obtain the best deal by using the best negotiator. Take into consideration, the listing Realtor is representing the Seller and will have an obligation at the very least to be 'fair' to both you and the seller. On the other other hand, by utilizing a Realtor that specifically represents you and your interests, you are allowing for a more assertive negotiation on your behalf."

- There is no better motivation than doing the right thing. That doesn't always result in a commission check , but the Karma is priceless. I am a Real Estate geek and I would have to say that one of my favorite aspects of being a Realtor is negotiating. I get pumped up about it and just love it! When I negotiate for my clients, I am often underestimated, which plays to our advantage. It's almost like a David & Goliath scene. The other side ends up scratching their head and saying "What happened?". No wonder car salesmen don't like me! It's a gift.


Natalie Flaming
Realtor - Broker Associate
405.412.5452
The VIP Team
Metro First Realty

www.TheVIPofOKC.com

Serving Buyers and Sellers of Oklahoma City, Edmond, Bethany, and Warr Acres for over 10 years.

No comments:

Post a Comment