Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Smith

John Smith has started 1 posts and replied 2 times.

the more i think about it.. the more i wonder if the proper approach to buying a house is to find houses on my own and schedule walkthroughs for each house by contacting the listing agent for that house. if i like the house and want to put an offer on it, then i sign a buyers agency agreement with the listing agent that will terminate in the event the transaction fails.. the listing agent is then forced to act as a dual agent in the transaction, meaning that he/she cant represent the interests of seller over buyer or vice versa. since i rightfully question whether any exclusive buyers agent truly puts my best interest over their own in a real estate transaction, i believe the quality of representation i would receive from a "dual agent" over an exclusive buyers agent is essentially the same.

the advantage to this approach is that i am not bound to any long-term buyers agency agreements with one individual and that in any transaction, i am always able to compromise the quality of the listing agent's representation to the seller by forcing the listing agent into dual agency.

does that make sense?

Originally posted by Gabriel H.:
There is no reason for you that you should not to use the buyer's agent:
Originally posted by Gabriel H.:
1. they have access to inventory you don't even know about.

With sites like Zillow now available to the public, I can see everything for sale and even put together a CMA on my own.

Originally posted by Gabriel H.:
2.they can protect your rights as a buyers

Yes they can, but the question is "Will they?" Will they place the buyers interest above their own interest in closing the sale to collect a commission? In my experience in Pennsylvania, the answer has been "No" a majority of the time.

Originally posted by Gabriel H.:
3.they get paid from the seller's (all commission is paid out of the seller's agreement w/ the selling agent anyways, then they offer a split usually 50% of what they are hired for to sell the home)

If I were to bypass the option to use a buyer's agent, I would get a good real estate attorney to review all contracts and I would tell the seller that I expect the commission that had been set aside for the buyer's agent to be used instead to reduce my closing costs.