I have not worked as a Buyer’s Agent, however have met a few that are working for clients. As I see it, there are similarities to Sellers Agents. A seller can sell themselves, just as buyers can buy for themselves. Doing something that both may do rarely or regularly, they still have the choice, do I get assistance from someone who has some expertise and pay them or save the money and do it myself.
When a seller appoints an agent, do they get the price they want? I would suggest that they will get the best that is available during the window that suits them to sell.
So when a Buyer appoints an agent, do they get the best deal in the world, or a short list of what may be the best properties available, in the window that suits their buy “period”.
When both have made a decision, what happens next?
The market booms, and the sellers argues that his agent "undersold" !
The market falls, and the buyer argues that the agent "overbought" !
Now in both cases, I am assuming that the agents produced all the market evidence that was available at the time, to assist the "client" make their decision.
I find the thinking of making remuneration based upon "outcomes" an interesting one. When selling, its a bit easier to say, over this "xx", I will pay ..
When buying, how would you feel paying a sum, quite some time after the event, based upon whether the market rises or ..
At the end of the day, we each choose, to either look for advice or not. If we choose to look for advice, finally its our decision, do I agree with the advice, or not, and whether we base our decision on that advice.
I will put my hand up, even as an agent, I have over the years made a bad choice. Thankfully, the better ones have outnumbered..
I cannot remembered who said, if it were that easy .. everyone would be doing it ....
To the OP, did you end up selling?
