Great post!!
A popular mistake is to calculate agent's earning and try hard to cut commission. Market is efficient. As long as you believe it is a good deal (yes, this part takes lots of homework), you should go for it.
My neighbor flips property. Sometimes she gets a good deal. Of course she'll sell the "after fixed property" at market price, Some of her clients try to find her true cost and don't feel she should make that much. The final is the agent is still able to sell the property at market price but the "smart" client loses the deal.
It is hard to have "test and control". So you may not be able to tell the true value of agent. You may get the same house but you would have different price/service should you have different agent.
You don't know what you don't know.
A popular mistake is to calculate agent's earning and try hard to cut commission. Market is efficient. As long as you believe it is a good deal (yes, this part takes lots of homework), you should go for it.
My neighbor flips property. Sometimes she gets a good deal. Of course she'll sell the "after fixed property" at market price, Some of her clients try to find her true cost and don't feel she should make that much. The final is the agent is still able to sell the property at market price but the "smart" client loses the deal.
It is hard to have "test and control". So you may not be able to tell the true value of agent. You may get the same house but you would have different price/service should you have different agent.
You don't know what you don't know.
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