Checking The Pulse Of The Kansas City Real Estate Market
It’s estimated that more than 80% of residential real estate transactions today involve a buyer’s agent. With fewer and fewer home buyers contacting the listing agent to schedule showings these days, it’s apparent that the majority of buyers realize how beneficial it is having a buyer’s agent. Probably one of the most important reasons is because the listing agent represents the seller’s best interests. Yes, a listing agent is happy to help you but it’s because they’ll earn more commission for working both sides of the transaction. So don’t misconstrue a listing agent’s friendliness for something it’s not.
Can you close a deal without a buyer’s agent involved? Absolutely. But the better question is, why would you? A buyer’s agent commission is already factored into the price you see on all listed homes. So, if you don’t have a buyer’s agent assisting you, the listing agent and broker are going to keep 100% of the commission. Think they’ll cut you a deal? Most will say no way because they now have both a buyer and seller to tend to and will be doing double the work. Others will inform you they’ve already given the seller a deal for buyer’s who are unrepresented. Others will not even discuss commissions.
Besides, having a buyer’s agent representing you will help you with contract negotiations, inspection negotiations, etc. If I were buying a home in another state I’d have a buyer’s agent assist me. They know the areas better than anyone. They can schedule 5 showings in a couple of hours whereas it could me days to see 5 homes if I’m trying to schedule directly with the listing agents. They will take care of the entire process for me, handle all the paperwork and generally help me get the best possible deal. Not only will it not cost me a dime, it will easily save me money and time in the long run. So if you’re thinking about buying a home in Olathe, Johnson County Kansas, Kansas City or the surrounding area, we have buyer’s agents to guide you through the process.
Posted by Jason Brown