It’s not uncommon for buyers to make contact with Barrington Homes listings agents. This might be through print or online advertising, open houses, yard signs, a website or other media methods being used to advertise homes. You’ll call up the agent, perhaps make an appointment and view the home, or visit an open house and fall in love with it. At this point you are a buyer without any representation. You tell the listing agent you are interested in buying the house. The listing agent should already have let you know that they represent the seller, but may now explain that he/she can also represent you in as the buyers agent in the practice of Dual Agency which is allowed in Illinois. The seller has already told their listing agent if they will allow dual agency and for the purposes of this conversation, we know they have said yes. Here’s the catch. The one thing the Barrington Homes listing agent cannot do is help you negotiate. Dual agents cannot help the sellers negotiate either. The listing agent has already spent time discussing the probable market price of the home by providing a comparative analysis of the home, which means they have looked at similar homes sold to identify a list price and potential sale price.If you agree to the agent acting for you they should do the same with you: show you comparable home sales to give you an idea of what the market value of the property is. Now you and the seller have the information you need, your agent, the Barrington Homes listing agent and also your buyers agent is going to let you and the seller decide: Contact: Barrington Homes Listings Agents - Cannot Help Buyers Negotiate
A. Deciding on a price to pay and helping with the negotiation.
And so this may go on, possibly for a while. What happens when you get to a stalemate, neither of you is going to get any help on bringing you the seller and buyer together to agree on a price. You see the seller will still want to get as much as he possible can, and you the buyer will want to pay as little as possible and without help and guidance you might not get to agree on a price.
If you, the buyer had your own representation, as your dedicated buyers agent, we could come up with a strategy or two. We could establish a good starting point, with plans on how to respond to counter offers. The listing agent would be doing the same with the seller.
With your own representation you would certainly get your advice on how much to pay and help with the negotiating. So when you are ready to buy a Barrington home, don’t choose a dual agent with no help on price negotiating, choose your own agent, a Barrington buyers agent, and benefit from having an agent who is 100% on your side, with zero responsibilities to the seller.
Call today, I am ready as a specialist buyers agent to work for you.
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686
Copyright 2011 Corinne Guest All Rights Reserved * Barrington Homes Listings Agents - Cannot Help Buyers Negotiate *
Corinne Guest
Realtor & Managing Broker
Royal Advocate Realty, Barrington
Call today 847-363-3686 for real estate and relocation service.
Suburban Real Estate - Lake Zurich, Hawthorn Woods, Kildeer, Long Grove
Amen Corinne. I feel like I'm on a crusade letting everyone I know thinking of buying or selling a house that buyers and sellers need their own representation. There's no way an agent representing both can negotiate the highest price for the seller and the lowest for the buyer at the same time.
Plus, obviously the listing agent thinks the house is priced right. He or she had a big part in pricing it! It just makes no sense for that person to represent the buyer.
Solution: Everyone gets their own agent!