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Reply to "New rules: buying without an agent"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think access is an interesting issue. A listing agent has to show the property, but they don't have to do it on your schedule. I truly don't have time to show listings to every unrepresented buyer in onesies and twosies. Also, there are safety issues in play, and I think agents need to be careful about meeting people they have never met, alone, in a vacant house. For my next listings, I'll probably increase open house frequency and length in order to accommodate more unrepresented buyers. [b] If I have good traffic from represented buyers, you'll have to wait for the open house if you are not represented[/b], so if it's a good house, you'll likely miss out. The gold standard is going to be the represented buyer who is paying their own agent. So, basically, the buyer who is willing to eat one more expensive fee in order to get the house. Sorry buyers. [/quote] How does this benefit the seller? Absence of a buyer agent does not make a stronger offer less strong in the eyes of the seller; it's only if the [i]seller[/i] expresses a hesitancy to take a stronger offer from an unrepresented buyer and [i]directs[/i] you to show accordingly. By your comments, you as a listing agent are pre-deciding this for your sellers. This is not your decision to make. [quote=Anonymous]Sorry buyers. [/quote] I'm feel sorry for your clients. [/quote] I am not pre-deciding anything. [b]I am saying unrepresented buyers have to wait[/b] for the open house, and if my client decides to take another offer before then, the unrepresented buyer will miss out. [/quote] Unless your client decides unrepresented buyers need to wait, then you are deciding. It's not your decision. You can decide this prior to your client agreement, disclose it, and allow your client to hire someone else. [/quote] Yes, for new listings I'll talk to the client beforehand so they understand and are comfortable. If we have good traffic on the house, [b]I'll tell unrepresented people to wait for the open house.[/b] A seller who respects my time and personal safety should not have any problem with this [/quote] I hope you’re letting sellers know you’re refusing to show the property. If I’m paying an agent I expect them to show the house to anyone who asks. I want to sell the house and no one should have to wait until an open house to see it if I’m paying an agent. What you describe sounds unethical and another form of collusion. You also run the risk of making everything worse for a sellers agent as well. If all that is required is an open house then can’t I pay someone $500 to host an open house? Then an attorney assists with the contract. [/quote]
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