Posted to The Age (24/10/2011) on 24/10/2011 at 10:53 AM
Commenting on “Super Saturday results just so-so”
http://www.theage.com.au/business/super-saturday-results-just-soso-20111023-1mebh.html
A real estate agent is playing the devil's advocate - he has to sell the property on the behalf of the owner in order to get his commission. In theory he is trying to get as much as possible for the owner (principal). If he is looking after the owner's interest, how can he look after the interest of the buyer at the same time? At best, he achieves a compromise for both parties.
A buyer advocate may have a qualification as a real estate agent, but his role is quite different. A buyer advocate buys on behalf of someone who is interested in a property. Unfortunately, unlike a normal real estate agent who generally works in restricted territory or locality bound, a buyer advocate is free to operate across “boundaries”. As a result, he may not have as much local knowledge as a real estate agent, and therefore there is no guarantee that a buyer advocate can get the best price for their client. Not unlike a real estate agent in this instance, if a buyer advocate cannot make a deal on the property the interested buyer requested, he does not get his fee.
There is time to buy, and time to sell. It’s your blood, sweat and tears hard earned savings. Invest wisely and don’t be gung-ho in making that expensive decision! You spend time shopping for cheap petrol and grocery prices, and yet you probably have not spent enough time when come to researching for house prices.
Commenting on “Super Saturday results just so-so”
http://www.theage.com.au/business/super-saturday-results-just-soso-20111023-1mebh.html
A real estate agent is playing the devil's advocate - he has to sell the property on the behalf of the owner in order to get his commission. In theory he is trying to get as much as possible for the owner (principal). If he is looking after the owner's interest, how can he look after the interest of the buyer at the same time? At best, he achieves a compromise for both parties.
A buyer advocate may have a qualification as a real estate agent, but his role is quite different. A buyer advocate buys on behalf of someone who is interested in a property. Unfortunately, unlike a normal real estate agent who generally works in restricted territory or locality bound, a buyer advocate is free to operate across “boundaries”. As a result, he may not have as much local knowledge as a real estate agent, and therefore there is no guarantee that a buyer advocate can get the best price for their client. Not unlike a real estate agent in this instance, if a buyer advocate cannot make a deal on the property the interested buyer requested, he does not get his fee.
There is time to buy, and time to sell. It’s your blood, sweat and tears hard earned savings. Invest wisely and don’t be gung-ho in making that expensive decision! You spend time shopping for cheap petrol and grocery prices, and yet you probably have not spent enough time when come to researching for house prices.
