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Old 11-23-2005, 06:27 AM
youtalkfunny youtalkfunny is offline
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Join Date: Oct 2002
Posts: 261
Default Re: For Sale By Owner Horror Stories

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When I moved, I called the number on the sign of the first house I liked- in that case, the seller's agent. I decided I didn't want the house, but the agent kept sending me info on other houses, thereby becoming the buyer's (me) agent.

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WARNING! THAT AGENT WAS NOT A "BUYER'S AGENT". This is a common misperception. That agent, whenever given a choice, would act in the SELLER's interest. The more the house goes for, the bigger the commission, and that commission only gets paid if the deal gets done.

There are "buyer's agents" in this world, but their allegiance is given 100% to the buyer's best interests. A buyer's agent will tell you something like, "This is a bad deal, you should walk away." I'll bet the agent you mentioned never said anything like that, at any time.
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