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Real Estate
Reply to "New rules: buying without an agent"
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[quote=Anonymous][quote=Anonymous][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] Exactly. It's in the seller's best interest for the listing agent to provide access to the house to qualified buyer. I'm so sick of the realtor gaslighting with inventing "problems" that aren't really problems. If 1) the property is so hot that it will have multiple offers within a few days and a deluge of unrepresented buyers, then you hold two open houses then the seller selects from the multiple bids. If 2) the property isn't moving quickly, then you have time to show each unrepresented buyer the house. If scenario 2, then it's clearly in the seller's best interest for the realtor to show the property because the property is sitting. This whole faux outrage that the listing agent would be required to provide 20 individual showings within a few days isn't a real risk. If there's that much interest, then you hold a couple open houses with a due date for offers. If the property is sitting, then do your job and show the house to try to sell it.[/quote] +1 This is yet another attempt at inventing non-problems to justify unrepresented buyer discrimination. [/quote]
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