Why Buyers And Sellers Do Not Speak Directly In Real Estate Deals

Real estate can be unpredictable. Learn tips and tricks you can use to keep your finances in check throughout the buying or selling process.

Why Buyers And Sellers Do Not Speak Directly In Real Estate Deals

2 September 2019
 Categories: Real Estate, Blog

If you are trying to buy a house, you are considered the buyer in a real estate deal. A person selling is called the seller. In most cases, buyers and sellers do not speak to each other directly, and there are reasons for this. Instead, they work together in deals by using a third party, called a real estate agent. In most cases, each party has their own real estate agent, so there are two agents involved with one deal. If you are a buyer or a seller, it is important to understand why buyers and sellers do not talk and should not talk, and here are some of the reasons.

Real estate agents are getting paid to handle the deal

The first reason buyers and sellers should not speak is because the real estate agents involved in the deal are getting paid to handle it. In other words, reaching a deal is not the job of the buyer and seller together. Instead, the real estate agents work together to do this. You have hired an agent for the expertise and help he or she offers, and you should let your agent do his or her job. Contacting the seller of the house directly would not only undermine your agent but would also cause you to have to take on responsibilities that are not yours.

Sellers and buyers hire agents for their expertise

Secondly, most people who hire real estate agents for help selling their homes or buying homes do this because they, themselves, are not experts in real estate. They are hiring an agent for the agent's experience and expertise in the industry. This means that the agent you hire for help buying or selling knows the industry way better than you. By letting your agent handle the communications, you will not interfere with the process. If you speak to the seller of a house, you could potentially interfere with the deal.

Sellers may say the wrong things

Another reason for this arrangement is to limit what the sellers say to the buyers. If a seller says something wrong, the buyer might not want to purchase this house anymore. Your agent will know what to say and what not to say to help the deal go through for your benefit.

Whether you are buying or selling a house, it is important to have your own real estate agent, as this person will be your advocate in the deal. If you have questions, are ready to sell your home, or hire an agent, contact an agency in your city to learn more.

About Me
Talking About Real Estate Finances

Welcome to my website about real estate finances. My name is Reina. I would like to talk to you all about the financial aspect of buying, selling and renting real estate. I will share tips and tricks you can use to keep your finances in check, even when the market feels unstable or you have to dip into your savings for yet another repair. I will also discuss the pros and cons of hiring a property management company to assist you in the renting process. I hope you will follow along and learn all you can about managing your real estate finances. Thanks for visiting.