October 16, 2019
One would believe that buyer's agent works for the buyer and seller's agent works for the seller. That title, "Buyer's Agent" clearly state's that. The reality is that the title is trick and both the buyer's agent and seller's agent works for the seller.
The buyer's will tell you, the buyer, the same old gimmick. The commission is paid for by the seller. So the buyer need not to worry about paying for anything. Well, if the seller is paying for both the buyer's agent and seller's agent, why would the buyer's agent work for the buyer??? Because the buyer's agent does not work for the buyer.
The buyer's agent get's paid the same way the seller's agent gets paid. The higher the sold price, the higher the commission. So why would the buyer's agent want to negotiate on your behalf to get a low sale price when that only hurts their commission???
Once when you enter the negotiating, you will notice that it is the buyer's agent, seller's agent and seller talking amongst each other, excluding you from the negotiation. They are not trying to find the lowest possible price. They are trying to get the highest possible price that the buyer buy.
The negotiation isn't buyer's agent against seller's agent. The negotiation is buyer against buyer's agent!
As a buyer, be careful what you tell your buyer's agent, he/she will use it assess what is the highest possible price your will buy.
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