the benefit of dual agents in short sale

the dual agent can see all the offerring prices from other agents. So if you hire a dual agent, and when you offer a price, he may say it is not enough to get it. So if you really want to get it, the dual agent almost can guanrante you to get it. (Here, you lose a chance, I will talk it later.)

If you hire a buyer's agent, the agent can't see all the offering prices. the buyer only can suggest you a price. this price is based on his/her experience. This price increase the chance to get a cheap house.

For me, I don't care it is a dual or a buyer agent. I always offer a price based on my research on the internet. If I get it, I get it. If not, I am fine.

After two days, I finally understand what the guys talked about "giving money to agent".

In some states, there is a middle layer "negatiator" involved in short sale. They talk to the banks to decide a final short sale price. Your money is given to these negatiators. This is totally legal. Usually, the negatiation fee should be paid by banks. So, if you give them money, it creates a negatiation buffer, which makes the deals easy to reach. The negatiator may say to the banks like I give up the negationation fee.

 

The chance I talked earlier is

If you are the second highest offer, and if the highest fail to buy the house due to loan problem (it happens to non-Chinese a lot), you will save big money.