Who Would Want to be Without One?

July 1, 2015 by novallus

Guest Content provided by Ryan Fischer, RE/MAX Results

When the 75 year old man who had been widowed four times was asked why he was getting married again, he said “for the little bit that they eat, I wouldn’t want to be without one.”

In a torrential rainfall, you wouldn’t want to be without an umbrella. It is also understandable that when purchasing or selling a home, more and more people want an agent involved.

NAR’s Homebuyers and Sellers Profile states the trend in owners trying to sell their home themselves has declined over the past ten years from 14% in 2003 to only 9% in 2014. Similarly, the number of buyers purchasing directly through an owner has decreased from 2001 to 2014 from 15% to 5%.

It is natural to think that a seller wants to get the highest price for their property while the buyer wants to pay the least possible. Negotiations may be the most valuable service provided by an agent because of the clear conflicts of interest such as the price, terms and condition.

Other areas of contention that could affect a party without an agent:

  • The real estate agent who represents the other party
  • The attorney who represents only one party
  • Home and pest inspectors regarding condition
  • The buyer’s lender regarding terms
  • The lender’s appraiser regarding value
  • The title company in an effort to satisfy challenges to clear title
  • Municipal authorities to mitigate code violations

Even when there are two licensed agents involved, there could be a question of representation. This is a discussion that buyers should have with a real estate professional before looking at houses.

*** Oh, and by the way, I am never too busy for your referrals ***

Many Thanks,

RYAN FISCHER

Realtor

Ryan@TwinCitiesPropertyFinder.com

Phone: 612.888.6127  |  Fax: 763.416.2499

RyanFischerRealEstate.com  |  REMAX Results

Recent Articles

August 24, 2021
Does My College Student Need Life Insurance?

It may not be on your radar, but there are important factors to consider when determining if your college student needs life insurance. While students of all ages are currently making their way to the digital and physical seats in college classrooms, higher education – particularly undergraduate college – is defined by younger attendees. Fresh […]

Read More
July 5, 2021
Driving Habits That Are Bad for Your Car

Think you’re a good driver? No matter how safe you are behind the wheel, you’ve probably done things like: Shift into drive while the car is still rolling backward. Ride the brakes on steep hills. Roll into the gas station on empty. If so, you may not have even realized you were doing everything wrong. […]

Read More
June 2, 2021
Swimming Safety: 10 Tips for Summer

Summer is here and people are flocking to the water — whether it’s the beach, a lake, a river or a backyard pool. But, wherever there’s water, there’s also danger. According to the U.S. Centers for Disease Control and Prevention, about 10 people drown every day — and two of those are children 14 or […]

Read More
Novallus Insurance Brokers is now Options Insurance. New Name, Same Team.
102 N Jonathan Blvd #210
Chaska, MN 55318
Top crossmenuchevron-down