More times than I can remember I had a buyer interested in a property think that I would be thrilled when I found out they didn't have a buyers agents. I'm not excited. In fact I would prefer that they had a buyers’ agent. Here are the reasons why:
1) Liability - There is more liability for me if the buyer doesn’t have a buyers’ agent. While some agents prey on unrepresented buyers knowing that they don't deal with home transactions on a full time basis, I don’t think that is the best way to do business. But without a buyers’ agent, there is still a greater chance that the buyers won’t understand aspects of their new home. And unrepresented buyers are more likely to be miss important details that they will get angry about later on.
2) Workload - Dealing with another agent lowers the workload on me substantially. I am dealing with someone that knows the contract process and the expected behavior. When I have to deal with an unrepresented buyer, I have to spend a lot of time explaining the process to them. It’s more difficult because unlike my seller the buyer typically doesn’t trust me because I am working for the seller. And because some listing agents prey on unrepresented buyers, it makes sense they don’t trust me. So I usually end up spending much more time explaining the process to a wary buyer, especially when he / she bought a house in a different state or has not bought a property in a few years. In this case, any differences between what I am doing and what they experienced previously are met with suspicion.
3) Likelihood of the Deal working Out - In my experience, deals with unrepresented buyers are much less likely to work out. During the inspection a good buyers’ agent can explain the difference between serious issues that need to be fixed vs issues that are normal. Unrepresented buyers typically get a list from an inspector and become overwhelmed and back out of the contract. Or they expect the seller to fix everything on the inspectors list because they don’t understand what is important. And in this case, the seller usually refuses and the deal falls apart.
So when I get two offers for the same price I usually tell my seller that the offer with the buyers’ agent is more likely to end up closing. The obvious question is why don't I favor the offer without a buyers’ agent considering I will make more money? While this is true, my view is that I will have to do substantially more work, with more liability, and the deal is more likely to fall apart, meaning I did all this work for nothing and I am back where I started out - a house on the market with no offer. So it’s generally better for me and my client to accept an offer with an experienced buyers’ agent working on the other side of the transaction.
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I am 517,000.00 in mortgage debt with a 385,000.00 home. I can make the payments but not for long as my arm went up 900.00 per month and will go up again. I have a couple options. 1 I can bust my butt and try and pay it for as long as possible. 2, I can quit paying and hope that my mortgage company will work with me on a loan modification(they have not so far, I have really tried) 3 I can walk away and get another home on my spouses credit. What would you do?
Information on Farazad Investments
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Can you help me to do one lump sum loan for bills?
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I was married for almost 19 years. I want to work so bad so I can get my fiances taken care of. No one will help me to get a loan to pay one lump sum and make payment plan in my budget. I lost my job in December and bills are piling up. I will not do bankrupts at all. I do get pension plan, but I used it for car payment and insurance, I only get 433.58/mo. I am staying with a friend, since I can not afford to be on my own yet, but I do tried to get odd jobs every now and then to survive, especially we are in a recession. Would anyone would take consideration to help me to start off fresh again? I was ill for over a year and half and I am healthy and well and strong minded too. My personality is I like to communicate with people and children and help them in anyway I can to help them to grow in life and keep their spirits up. I hope someone out there will be serious and will help me and will work with me. I don't want to play games or have to pay for something and get scammed. Please contact me at jonnams61@yahoo.com
Jonna Michele
I got nothing, no money or stocks, etc from ex, he had hide everything, and I did not have the money to hire a lawyer for investigation. He is out of the country right now.
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