Thinking of using a Limited Service Agency in Virginia Beach - Chesapeake- Norfolk- Portsmouth - in Virginia
Are you thinking of using a Limited Service Agency? Get the facts first. As I renew my license, I have to retake classes on Limited Service agency, and I couldn't continue with my day without commenting on what I am learning. I have only had to deal so far with two sellers in a limited service agency situation, and it made me very uncomfortable. ( I have to admit that both my buyers got very good deals due to my negotiation skills and inexperience of the sellers)
I don't like what I am re-learning. If I brought you a buyer and have to help you the seller close the deal, which I had to do in both cases, so that we could actually (close the deal) purchase the house, I opened my self to liability. The good news are that in some states the limited service agency agents can give a la carte services having agreed upon how much you will pay per service. For example, if you the seller asks them questions you pay an extra pre-agreed fee. But.... if this agent does mostly limited service Agency contracts, what kind of experience does he/she actually have? In both my experiences the sellers chose to go it alone.
This is as bad as the For Sale by owner photo in one of my previous posts. Or the For sale by owner that a client of mine was trying to buy, and the seller told us detailed information that made the buyer walk out and never come back. It was minor stuff, but the way he talked about it changed my buyers mind completely.
Is Limited Service Agency in Virginia Beach - Chesapeake- Norfolk- Portsmouth - in Virginia a good thing? In my humble opinion, only, if the seller is a good sales person, a great negotiator, and has lots of real estate knowledge. Wait, that sounds like a professional real estate agent or investor. So, If you are looking to sell your home in the shortest amount of time, for the most amount of money do your self a favor and get professional Real Estate representation. What you think you will save in commissions, you will regain in price sale, negotiation skills from your agent and peace of mind knowing that every thing you did is legal and you sold your home in the shortest time, for the most amount of money and left the worries, hard work and hassle to a Real Estate Professional.
Call me at: 757-502-5324
"Thinking of using a Limited Service Agency in Virginia Beach - Chesapeake- Norfolk- Portsmouth - in Virginia " was first published on Hampton Roads Real Estate VoiceCopyright © 2010 By Tere Rottink, All Rights Reserved.