Home Buying Myths Explained: Myth 1-Working Directly with the Listing Agent Gets Buyers a Better Deal

Posted by Leo Clark. on Thursday, October 2nd, 2014 at 6:18pm.

Gold Coast Realty Home Buying Myths

In a world where so much information is accessible and available online, some home buyers mistakenly feel that the role of a buyer’s agent has greatly diminished. With photos and information relating to nearly every MLS listing now readily available on the internet, it’s easy to overlook how valuable a buyer’s agent can be during the long and sometimes complex home buying process.

Regardless of what some home buyers believe, the role of a buyer’s agent was never solely about getting home buyers access to home or condo that’s listed on the market. Instead, savvy home buyers should treat a buyer’s agent as a valuable resource who knows and understands the local real estate market, is aware of all the nearby comps, and can use superior negotiating skills to get you a better price when it comes time to make an offer.

In addition, it’s important to note that listing agents will typically have a listing agreement with the seller, meaning their first priority will always be with the seller’s interests—not the buyer’s. By working with a buyer’s agent, which won’t cost the buyer a dime, they’ll get an advisor, a market expert, and someone who’s truly considering the buyer's needs and wants, not someone who will be making double the commission when trying to work a deal for both parties involved.

If you're looking to buy a home or condo in downtown Chicago, our expert buyer's agents are anxious to help you navigate the Chicago real estate market and are ready to start showing you homes you'd like to see in person today! Give us a call (312) 280-9600, or start your Chicago home or condo search here!

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