These traditionalists believe one agent can effectively serve both buyer and seller at the same time, with no adverse effects to either party. This is not to suggest that purchasers who opt to work with Buyers Representatives are assured that everything will always go smoothly. In the majority of real estate transactions, buyers are better served working with an agent who represents JUST them, as is the case with an Accredited Buyer's Representative. There are certain situations and circumstances where the use of a Buyer's Agent might prove a hindrance in the home-finding process. As a buyer, you should think twice before signing an exclusive contract with a buyer's representative when the Market Is HOT .
Houses sell within weeks or even days of hitting the market.
In a truly HOT real estate market, inventory is King, and the listing agent is the Keeper of The Keys to the Kingdom. What this means is the first buyer to hear about a new listing will be a customer dealing directly with that listing agent. In this situation, a buyer might be well-advised to contact as many of the top listing agents in the area as possible. Give these agents a good idea of the type of property you are seeking, and let them know you are willing to work directly with them, if they find such a property. It is also advisable to meet with a mortgage company representative, or bank, before-hand.