Purchasing Subject to Sale of Your Home…

Should you be using the same agent to sell your home that you are buying through?

Real Estate Vlog Episode 6 with James Priestly, Melville Real Estate Agent

Transcript

Welcome to our final VLOG for 2022. Today, we’re looking at using the same agent on a subject sale deal.

You see, a few weeks ago, I took a buyer through a property. This buyer commented on some recent experiences with agents, some good, some not so good.

But he made one comment which I thought was interesting.

He says, I did get one bit of advice from an agent that I thought was quite good. It’s always best to use the same agent when you’re making a subject sale offer because it’s easier for that agent to keep confidence with their other seller.

I had to challenge that statement. I said to the buyer, Whose sale do you think they will pay more attention to? The one you’re buying when they’re making an 18 grand fee or your sale when they’ll make less than 10 grand.

Sure, if they’re a genuinely good agent, you’ll be fine either way.

But if anyone else, there’s the chance they’ll push you to take the first deal they can muster up to make sure their high paying sale goes through while banking a couple of extra bucks along the way from yours. There’s plenty of lines for them to use here too.

For example, I know it’s not quite the price you want it, but if you take this deal, it means you’ll secure your purchase and it’s just not worth the risk to lose it.

But there’s so many potential conflicts of interest here. And don’t forget, they’re still actively selling their other client’s house while they’re selling yours.

The best agent to sell your house is always the best agent to sell your house.

So it comes back to this guide every time. Meet with a few agents, do your research, ask the right questions, and choose the one you think is the best agent for you.

And if that’s the same agent you’re buying from, happy days.