Lake Sinclair buyers without representation, Why?

Honestly I can't remember the exact year that in Georgia when agency changed.  One day everyone was an agent or a sub-agent of the seller and buyers just had to figure it out on their own with no help from an agent. The next day we were representing buyers.  Frankly I loved it.  I love working with buyers.  And I loved that I was allowed to share my knowledge, experience and advice with buyers.  And I loved the fact that I no longer had to allow sub-agency by other agents for my sellers when clearly it was difficult for them to be loyal to my sellers while having a relationship with the buyers.

It was 20+ years ago.

So imagine my surprise and dismay when I get an offer from another firm on my listing where no one is representing the buyer. I of course in that deal have only loyalty to my seller.  But somewhere in my heart I feel bad for the buyers. I have to wonder if they really KNOW they are unrepresented.  I have to wonder if they think they are.

Last year I got a call from a buyer asking a question for me to ask my seller after a closing.  It was a simple question and I certainly didn't mind getting in touch with my seller and finding out the tid bit of house information for the new owner. But when the buyer told me the agent who wrote the offer said "that's not something I'll do" I was shocked.  The buyer was angry "his" agent wasn't helping him get this information after the fact. The truth was he didn't have an agent. Of course the box was marked that the agent did NOT represent the buyer. I'm not sure it was explained to the buyer and I'm not sure he read the contract before he signed it either.

So buyers, before you decide on an agent why not ask them if they are going to actually work FOR you? If they are going to put your interests above their own. Are they going to work to find you a house? Are they going to help you get the house at the best possible price? Are they sending you to the best lender? Are they advising on who to close the transaction?  

As a buyer, you really should have someone on your side.  JUST on your side. Hire an agent who is willing to put your needs above theirs.  An agent who cares about your interests.  At Lane Realty, we represent buyers. We don't expect you to go it alone in the home buying process.  Give us a call to have experience and knowledge on YOUR side for your home search and buying experience.

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Comment balloon 11 commentsTammy Lankford, • February 18 2016 07:17PM

Comments

Hi Tammy Lankford It's a mystery why any buyer would want to make one of the largest purchases in their life without anyone representing their interests. Like you, I am glad we have Buyer's Representation Agreements in our state now, and we are required to give them the Information about Broker Services on our first face to face contact.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) over 1 year ago

Tammy - I do find it odd this day and age that buyers don't understand sometimes whether they will be represented in a transaction or not.

Posted by Troy Erickson, Your Chandler, Ahwatukee, and East Valley Realtor (Diverse Solutions Realty www.ChandlerRealEstate.weebly.com) over 1 year ago

Anyone thinking of buying a home in your area should call you to be their agent.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 1 year ago

Good morning Tammy. In New Jersey these agents are called transaction brokers. Too bad about this buyer.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 1 year ago

I cannot imagine buying a home without an agent. Seems like a very bad idea!

Posted by Sharon Tara, New Hampshire Home Stager (Sharon Tara Transformations) over 1 year ago

Really we should have representation. It just makes a lot of sense both in business and in life sometimes

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) over 1 year ago

Buying a home without an agent is kind of like driving a car without a license in a way

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) over 1 year ago

Some buyers think they are so superior they need no help at all. I love it when an attorney hires me as his agent. It says volumes.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional) over 1 year ago

As a buyer Tammy Lankford , it is so easy to find a "buyer's agent" for representation.   A "seller's" agent is just that.   I have buyer's come in that can't get answers from the seller's agent about what they should do and ask me to answer their concern.   I AM NOT  a Realtor and advise them to have an agent to represent them.   Some still decide to go it alone and save a few dollars now that they don't realize could cost them thousands in the future.

Posted by DEANNA EARLY - ( NMLS #268590 ), Virginia Mortgage Loan Originator (American National Bank and Trust) over 1 year ago

Hi Tammy Lankford ,  I'm glad they changed it.  It was way before my time in Real Estate, but it sounds like it was a mess.

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) over 1 year ago

Good morning Tammy Lankford , I still am amazed at the number of people that buy homes without an agent, since most areas offer free representation for Buyers.  The Sellers in Indiana pay the commissions for both Buyers agent and sellers agent.

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) over 1 year ago

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