Timeline for When buying a property, is your agent's incentive contrary to yours?
Current License: CC BY-SA 4.0
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| Apr 27 at 14:23 | comment | added | R.. GitHub STOP HELPING ICE | @Oleksiy: As I noted in the answer, buyer agents rely on word-of-mouth recommendation - and this is on a very long-term timescale. If someone buys a home and later feels like their agent gave them bad advice that led to overpaying, they're not going to recommend their agent to friends looking to buy. | |
| Apr 26 at 21:31 | comment | added | Oleksiy | They don't want to sabotage the deal, but what about encouraging you not to negotiate, exaggerating the house's value, or exaggerating the seller-ness of the market? If they see you being ripped off, it's not in their interest to point that out - that might turn you away from the deal, or reduce their commission in the best case. They might help you if they're a decent person, but this is as obvious conflict of interest as I've ever seen. The OP is spot on. | |
| Sep 27, 2021 at 12:42 | history | answered | R.. GitHub STOP HELPING ICE | CC BY-SA 4.0 |