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Real Estate
Reply to "New rules: buying without an agent"
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[quote=Anonymous][quote=Anonymous]What will probably happen is that the seller-agent agreement will spell out the conditions under which unrepresented buyers will be shown the home: either at the open house OR upon furnishing proof of funds/lender pre-approval letter. [/quote] Then the question is this: how many actual sellers would prevent a buyer with proof-of-finances from viewing their listing prior to an open house, simply because they cannot provide proof of agent representation? Would you sign this disclosure: "I understand that under no circumstances will unrepresented buyers be provided showings outside of an open house. It does not matter if they are qualified financially. It does not matter if they have legal representation. It does not matter if they have proof of closing real estate deals. It does not matter if they are already drafting an over-ask cash offer with no contingencies. They will not be given access to your listing unless there is an open house." [/quote]
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