When I bought my first two houses, I got ripped off. The first time, my real estate agent didn't tell me that the cracks in the foundation would have serious consequences when it came time for resale. The second time my agent didn't warn me that I was overpaying for the property and based on the number of days on the market and the seller's equity, I could have come in at a much lower price. When I got my real estate license, I felt betrayed. I discovered it was their duty to have my financial interests in mind. But they didn't. They had their commissions in mind.
That's why it's important to have a real estate agent who is focused on you and cares about your interests. Sometimes people think their real estate offer has a better chance of being accepted if they use the listing agent as their agent. That is only true if the property is a fixer and the buyer is an experienced investor. Otherwise, the buyer can be taken advantage of (like I was) by a listing agent who only cares about the seller's needs and their double commission. There are so many ways a buyer's agent can protect their client. From helping them choose the best price to offer to explaining the inspection report, the buyer's agent knows how to avoid the potholes of a troubled property. Buyers agent will be forthright with the buyer because they have a fiduciary duty to them and them alone.
If you are looking for an agent who cares, look no further.
That's why it's important to have a real estate agent who is focused on you and cares about your interests. Sometimes people think their real estate offer has a better chance of being accepted if they use the listing agent as their agent. That is only true if the property is a fixer and the buyer is an experienced investor. Otherwise, the buyer can be taken advantage of (like I was) by a listing agent who only cares about the seller's needs and their double commission. There are so many ways a buyer's agent can protect their client. From helping them choose the best price to offer to explaining the inspection report, the buyer's agent knows how to avoid the potholes of a troubled property. Buyers agent will be forthright with the buyer because they have a fiduciary duty to them and them alone.
If you are looking for an agent who cares, look no further.