San Antonio Real Estate Search-Use The Time Wisely
Time Waits For No One
How can you make the best use of your time in your San Antonio real estate search? As a San Antonio real estate agent, I like to receive incoming calls or emails that ask
me to help someone buy or sell a house, condo, or land. But every now and then I get someone, usually a real estate buyer, who will ask about one specific house and that’s all they want to see or discuss. What I’ve come to understand is this person usually calls the agent whose name is on the sign. And if that house does not fit the bill, the buyer keeps looking and contacts the next agent on the list of homes being considered.
Now this is time-consuming process for the buyers and why anyone would take this approach is a mystery to me. That process is sort of like being on a carousel-you get a ride, but you spend a lot of time going in circles. This is not the best use of the buyers time. For example:
The buyers are getting some of the same questions from agents for each property they investigate.
The buyers are using a lot more time coordinating showing times and seeing properties one-by-one instead of getting multiple showings in the same general area during the same time period.
In Texas, if the person showing property to buyers is not working with them under the terms of a Buyer’s Representation Agreement, the real estate professional is limited in what information can be provided to the prospective buyers. The real estate professional has a duty to treat the customer fairly, but they are not authorized to provide advice.
Take Advantage of a Buyer’s Representation Agreement
San Antonio home buyers should take advantage of a Buyer’s Representation Agreement when looking for the right property. Here are the advantages:
You only have to tell your story once.
The Agent can set up multiple showings, to make the search more efficient and make better use of the clients time.
By having an agency arrangement with the client the Agent can provide advice and counsel to the Buyer. Advice and counsel is not available if an agent-client arrangement is not in effect.
In most cases, commissions payable to real estate professionals are paid by sellers. This issue should be clarified and agreed to during the time the Buyer’s Representation Agreement is negotiated.
In the long run, approaching the home search on a one-at-a-time pace is not efficient, and does not give continuity of effort. In addition by calling the agent whose name is on the sign you are dealing with an agent representing
the seller. This agent’s job is to get the house sold, and to do the best job possible in getting the Seller the best market price. The Seller’s Agent represents the seller. A buyer can work through the Seller’s agent, but is that the best deal for the Seller? I think not. Each party to the transaction should be represented, in my opinion. Yes, I’m an agent and one could suspect some self-interest in that position. But I think it difficult for one agent to get the Seller the best possible price while also convincing the Buyer that they were getting the lowest price possible for the same transaction.
In any event call me if you have real estate issues in San Antonio or South Texas. I’ll be glad to help you.
Real Estate Consultant
Coldwell Banker D’Ann Harper Realtors®
18756 Stone Oak Parkway
San Antonio, TX 78258
Licensed Real Estate Professional License # 0566780
Texas law requires all real estate licensees to give the following information about brokerage services: