The listing agent is hired and contracted by the seller. Their commission is negotiated upfront. Then the listing agent agrees to share that commission with any cooperating agents when the property is marketed on the local MLS (Multiple Listing System).
If the Frederick listing agent sells the house themselves, they are under no obligation to change the amount they’ve negotiated with the seller. That is between themselves and the seller. If the listing agent sells the house themselves, they have twice the amount of work to do to shepherd the deal to settlement.
Now, don’t get me wrong, if it comes down to the wire and the deal just won’t happen for some reason, Frederick Real Estate agents are business people, and making a concession might be the best business decision to make. Sometimes its better to help out and make the transaction successful than to see the entire deal fall apart. But that is a business decision that an agent may or may not make. To assume something like that upfront isn’t a good idea.
A Buyer’s Agent Is The Best Choice
The main reason why the assumption that you will get a better deal by using the listing agent in the purchase of Frederick real estate is not a good one, is that the listing agent represents the seller. If you don’t have a buyer’s agent, you don’t have representation. In the case that anything goes wrong in a home inspection or in the negotiations, the listing agent works for the best interest of the seller, not for you, the buyer. You could very well end up in a situation that nets you a greater loss than the 1% or so you might think you are saving without a buyer’s agent.
New Home Construction In Frederick Real Estate
One of the biggest misconceptions is that you save money by not using a buyer’s agent when you are dealing with Frederick new home construction. The X% commissions are built into the deal, it is already a cost of doing business for the builder. So if you don’t have a buyer’s agent with you, the selling agent(s) are paid the entire X%. You also could be better off with a buyer’s agent to negotiate on your behalf when dealing with new home construction.
Contact us for information on Frederick Real Estate or use our free MLS search.
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The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119