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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[b] buyer with proof-of-finances f[/b]rom 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] Before you went jumping around in histrionics, how is the agent going to verify proof-of finances? This is the coffee meet and greet and know your buyer first by meeting in the office. Then buyer decides whether to use that agent to see at their convenient time. You must be suffering from main character syndrome to think I am the only person that matters that wants to see the house and forget the dozens of other similarly qualified buyers who also want to see the house. Seller also has their own schedule so limited time maybe available for showing the house and hence open houses to accomodate all possible buyers. [/quote] DP here. Come on, the pp wasn't displaying any histrionics. The only histrionics are coming from realtors desperately trying to maintain price fixing. And quit pretending that realtor safety is some new concern. Realtors can follow the same process they always have when showing a buyer a property. We've had many sellers agents show us homes and most of them just ask a few quick questions over the phone then show me and my husband the house. Either the house is hot and you hold an open house for everyone or it's not and you provide showings to buyers. There's no real scheduling "problem."[/quote]
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