Lynn B. Friedman - Atlanta Homes ODAT Realty: Does a Buyer Need a Realtor if They Can Find Houses Online?

Does a Buyer Need a Realtor if They Can Find Houses Online?

Dear Readers -

In this post, Mimi Foster from Colorado Springs, CO, answers a question that every single real estate professional has heard at least one time. Her post title introduces the topic - why use an agent at all? 

The reasons are explained thoroughly yet I want to focus on one point she makes. Our job begins when the Buyers choose a "perfect home".

Mimi says, "The fact of the matter is, [the agent's] real job starts when we [identify] a property in which you are interested." 

Then Mimi mentions other values a good REALTOR can provide to Buyers along the way. She adds "... negotiate the best deal for you ... and navigate you through the dozens of legal landmines ..."  as the purchase process continues.


  Mimi is a woman of many talents. I enjoy her posts and continue to learn by following her Blog. She has written several widely read books and achieved one of the top three positions for five years in a row of Best Realtor in Colorado Springs. 

 

Have a successful day -  Lynn

PS -- If I haven't thanked you personally for following my writings, please accept my gratitude now. Your views and comments mean a lot to me.  L.

At one time I wrote a post about What Realtors Do for Buyers (if you haven't read it, it's worth checking out). Many commented and emailed that they have worked with Buyers who couldn't figure out why we got paid if all we did was drive around all day. Several Buyers had commented that they can look at houses themselves, that they really didn't think they needed a Realtor. If you have been selling real estate longer than a week, or if you looked at the list in my previous post, we all know it's just an uneducated statement that we can't really be offended by.

You want to look at houses, Mr. Buyer? Great! Feel free to do that!  Feel free to look at them yourself. The fact of the matter is, my real job starts when we have identified a property in which you are interested.

perfect houseDon't get me wrong! I put many hours into finding out exactly what it is you're looking for, what your needs and wants are; doing research on the computer; calling other agents to find out if this home might fit the specifics of what you need; figuring out if the price is reasonable with others in the area; sometimes previewing so as not to waste your time while you work your real job that is going to pay for your new house; driving around for hours viewing and inspecting and dissecting and rejecting houses that don't work for your family or your needs. But you're absolutely right. You don't need a Realtor to do that. Be my guest, go look to your heart's content.

Then you find what you're looking for and you're ready to make an offer on the house of your dreams. The house that you have just divulged to the Seller’s Agent is everything you have been looking for for six months, and you don't care how much you have to pay to get it. Then what happens? You think the Seller's Agent is going to cut you a deal if you aren't using your own Realtor? Not likely. The commission was agreed upon between the Seller and his agent (I don't think I saw your name in there) at the time the Agent took the listing. That Contract between the Seller and his Agent usually includes how much the Agent will charge with an Unrepresented Buyer.

Then are you planning to fill out the new 18 page Contract, the legally binding agreement that you will present to the Seller's Agent? They aren't called a Seller's Agent for nothing. They are likely a trained professional who will eat you for lunch and pop the bag. Shall I mention the hundreds of other pieces of legally binding paperwork that will need to be filled out during the course of a transaction?

Fact of the matter is, Mr. and Ms. Buyer, you are correct, you don't need us to look at houses. While it will make your life much easier if you have someone who is trained to represent you, who will represent you for FREE, you don't need us for that. I can show you one house or I can show you one hundred houses (I would sincerely rather not). But no matter how many homes we look at, my job really starts when you hire me to negotiate the best deal for you, and then to navigate you through the dozens of legal landmines that are much more likely to blow up on you without professional representation.

If you decide you would like to look at houses with a Realtor who will advocate for your best interests, be sure to call Mimi Foster, voted one of Colorado Springs Best Realtors five years in a row.

 
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If you would like to search for Homes for Sale in Colorado Springs,

or for any of your other real estate needs,

please contact your Colorado Springs Realtor

 Colorado Springs Realtor Mimi Foster

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Selling homes throughout Colorado Springs, Old Colorado City,
Manitou Springs and surrounding areas with a
Specialty in Victorian and Vintage Homes in
Downtown Colorado Springs

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Comment balloon 4 commentsLynn B. Friedman • April 19 2016 07:51PM

Comments

thank you so much for the reblog, Lynn, and the insight. Hope you're doing well.

Posted by Mimi Foster, Voted Colorado Springs Best Realtor (FALCON PROPERTY SOLUTIONS ) over 2 years ago

This is a good post to rbelog. I hope home buyers will read it.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 2 years ago

Mimi Foster     Gita Bantwal 

MIMI -  You are like a whole real estate school!

GITA - Thanks for being a faithful reader of my posts!

All the best - Lynn

 

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) over 2 years ago

Lynn, Great re-blog. Mimi does a fantastic job of getting the information out there! And yes, finding the house is only the beginning!

Posted by Carla Freund, Raleigh - Cary Triangle Real Estate 919-602-8489 (Keller Williams Preferred Realty) over 2 years ago

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