Our most recent episode of Seattle Real Estate Chat focused on real estate agents or lenders who wear two hats. Jim Reppond of Coldwell Banker Danforth and I discuss transactions where a buyers lender is also their real estate agent OR when the buyer works with the listing agent (listing agent is both sellers agent and buyers agent). Sometimes a buyer may believe the listing agent is working for them, when the listing agent may only be working for the seller. It can be a complicated situation.
Although I’m sure there are professionals who may do a great job at “wearing two hats”, it’s my opinion that home buyers are better served working with professionals who are focused solely on your needs. An agent who represents the seller (whether they are the listing agent or a builders site agent) primary responsibility is to work for the seller. And with all the regulations and changing mortgage programs that lenders contend with, it’s really a full time job and not a part-time one.
In my opinion, a buyer is better served by selecting real estate professionals and lenders who only work for them and do not work for or have a relationship with the seller. Buyers should have their own representation.
Our next Seattle Real Estate Chat will be Tuesday, October 1, 2013 at 10:00 am PST – Seattle time via Google Hangout.
You can also follow us via Twitter @SeattleREchat or #SeattleREchat
UPDATE: Our next Seattle RE Chat will feature special guest, Reid Guthrie, a local home inspector who will discuss common issues found during a home inspection in the greater Seattle area. Join us!