There is an easy answer to the question should the real estate agent for the Palo Alto Seller also represent the buyer?
NO NO NO NO NO NO NO NO NO NO NO!!!!!!!
Should I say it again? NO!!!!!
There are many reasons why Palo Alto real estate agents should not represent the Palo Alto buyer and Palo Alto seller from the Palo Alto real estate agent's perspective, but this blog is about why is is not good for the seller.
Selling a home in Palo Alto is a big deal. There are very few on the market, right now only 25 single family Palo Alto homes are for sale. There are hundreds of people trying to buy a home in Palo Alto so each home that is for sale in Palo Alto will most likely get many offers, especially if it is listed for less than 2.5 million. While it is not illegal for a Palo Alto real estate agent to represent both the buyer and seller in a single transaction it is pretty impossible to be objective when there are 20 offers and your Palo Alto Real Estate agent is representing one of them.
When you sell a home in Palo Alto your Palo Alto real estate agent should be able to guide and advise you as to which is the best offer, what is the best way to counter, or not counter, what are the pros and cons of each offer. If your Palo Alto real estate agent is also one of the buyer's agent, just how objective is that advice going to be?
So, when you you are selling a home in Palo Alto make sure that your wishes about the Palo Alto real estate agent's representing or not representing a buyer are known up front. If you don't want it (which I hope you dont't,) get it in writing
with the listing agreement.
If you have any questions about selling a home in Palo Alto, please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
D.R.E. 01191194
650-619-9285
No comments:
Post a Comment