Buyer's Agent or Double Agent?
Neil Jenman, author of "Real Estate Mistakes" and "Don't Sign Anything" takes investigative writing to a new level and raises the interesting topic of "The best agent for the buyer is the worst agent for the seller when it comes down to price".
In today's hectic world, more and more people are leaning towards professional services when investing their money.
When it comes to property, these professionals are called "Buyer's Agents".
So in reference to managing conflicting interests, can a Buyer's Agent appropriately service both the buyer and the seller at the same time?
Given that such agents not only have to source buyers in addition to appropriate "stock" from sellers, you could methodically conclude yes, even if some mediation and expectation management is required!
Feel free to state your opinion...
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The same could be said about selling agents; "The best selling agents are the worst agents for the buyer". Good selling agents are no doubt good negotiators and experienced sales people. As a Buyers Agent, I can definitely say it is easier to do a good deal on price with an inexperienced or average sales agent, as compared to dealing with a sharp experienced sales agent. Having said that we educate our buyers that good property usually doesn't sell at a discount, because it doesn't have to. We would always advise paying a fair market price to buy a premium property , rather than buying an average or underperforming property at a discount. Compounding capital gains on a good property will outperform any discount you may get on an average property every day of the week...guaranteed!
