Open House – Today is more for Realtors® than buyers and sellers!
Online Information has a good side and a bad side. Lots of information with no training can be a budget disaster!
As Realtors® today we see that an open house is often thought of by a customer as a way to avoid contact with a Realtor.
The open house way of thinking customers have escapes us as Realtors®. The reason being is the customer entering any open house in a sense is walking into a lion’s den The Lion inside would be the Realtor. The purchase of a home is not made on a regular basis and it is the largest investment that most people make. Too much knowledge is available without the training on how to use it leaves many home buyers at risk. Pretty much everyone knows what a lawyer is and does. Lawyers negotiate legal disputes between multiple parties. If you were to ask a large group of people if they would use the same lawyer as the person they have the dispute with. You would have an instant response of NO!
Lawyers Negotiate and Realtors Negotiate
Everyone understands that they want their own lawyer to protect their interests. So why do home buyers walk into an open house and engage in conversation with a Realtor who negotiates for the seller. Mostly because they think they can save money. This theory is mostly wrong because once a home is on the market the seller agreed to pay the commission. An open house is a way for the sellers Realtor® to negotiate against you and keep both halves of the commission, In most cases the seller signs upfront to pay both Realtors® Yours and theirs. So why would you want your opponents agent negotiating on your behalf when they are obligated to the seller.
Once you select a Realtor® you can look at houses on your schedule and save a huge amount of time. Using professional tools instead of watered down public sites you can look at only those homes that meet your criteria. At the same time your Realtor® is obligated to get you the best deal and be paid by the seller.
Stay Out Of The Lions Den
You should look at homes with your Realtor® who works for you at no expense to you. Maybe most importantly at a time that works for you!
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