dual agency not recommended - get your own representation
What is Dual Agency?
Dual Agency is when one agent represents both the buyer and the seller. There are some obvious pitfalls here - how can someone possibly negotiate against themselves? In Virginia (many licensed agents don't realize this) once dual agency is entered into by all parties, the agent is no longer allowed to advise either party. So basically, the agent gets double pay for less work!
Won't I Save Money by Going Directly to the Listing Agent?
Maybe, but probably not, and how would you ever know?
The amount being paid to the listing agent and the buyer's agent is already agreed upon BEFORE the listing goes to the public. It's a contract between the seller and the listing agent. As the buyer, you are not privy to the terms of that contract, nor can you negotiate a contract to which you aren't a party.
You can ask the parties to change the terms of their contract, but don't count on it happening.
Your negotiations are with the SELLER not the agent. Any contract you enter into will be with the SELLER not the agent.
You can enter into a separate contract with the listing agent if you want them to also represent you, but then you're in a dual agency situation.
I don't need an agent, so how can I get the benefit of the money set aside for a buyer's agent?
Simple, hire us. You'll get between 1% - 2.5% credited directly to you at closing.
The credit can be used toward closing costs, which means you bring less money to the table and keep more in your pocket!
How will I know how much I'm going to receive in credit?
Send us an address and we'll look it up for you.
I need to see numbers, I still don't get it.
Let's say you're buying a house for $500,000. In this example, the buyer's agent fee is 3%.
Depending on which service tier you choose (see price list above) you'll receive between $5,000 - $12,500 in closing credit.
We'll walk you through your individual scenario when you request a quote.