Why should you bother dealing with buyers’ agents, or any agents for that matter, when you’re selling your property FSBO in Miami? Isn’t the point of trying to sell FSBO to avoid real estate agents and having to pay them a commission in the first place?
Well, as satisfactory as it might be to completely ignore all real estate agents, doing so would be extremely detrimental to your ability to actually sell your home, or to sell your home to someone who isn’t a vulture investor.
Why? Because buyers’ agents historically represent three quarters (75%) or more of all home buyers, and up to 90% of all buyers in competitive markets like NYC and Miami.
Why do buyers choose to be represented?
Because home buyers in major cities like Miami or New York always seem to have at least 5 real estate agent friends, and these agent friends are out there pitching their “free” services as a buyer’s agent day-in and day-out, at social gatherings and at the grocery store.
Considering that there’s 54,000 members in the Miami Realtors association alone, it’s no surprise that every potential home buyer in Miami knows an agent or two, and has been informed that it doesn’t cost anything for them to work with a buyer’s agent.