{"id":230491,"date":"2019-02-12T20:18:00","date_gmt":"2019-02-12T20:18:00","guid":{"rendered":"https:\/\/www.tenproperties.com\/?p=230491"},"modified":"2020-08-10T20:23:21","modified_gmt":"2020-08-10T20:23:21","slug":"open-houses-whos-looking-out-for-you","status":"publish","type":"post","link":"https:\/\/www.tenproperties.com\/blog\/open-houses-whos-looking-out-for-you\/","title":{"rendered":"Open houses. Who\u2019s looking out for YOU?"},"content":{"rendered":"\n<p>You\u2019re driving around one day and notice an Open House sign on a home you\u2019ve been eyeing for weeks now. Out of curiosity you go inside, meet the on-site agent, and fall in love with the home. The agent seems really nice, gives you some information about the home, and passes you their business card. You later decide you want to make an offer on the home and you contact that nice agent you met at the open house. They offer to help write up a purchase contract and pass your offer on to the seller. All sounds great, right?<\/p>\n\n\n\n<p>Wrong. Here\u2019s what that agent SHOULD have told you, but probably didn\u2019t. The nice agent you met at the open house is actually working for the SELLER. They are allowed to work with you (in limited capacity), but make no mistake, their loyalty lies with the seller. In the real estate world this is known as \u201cfiduciary duty\u201d. The seller is their \u201cclient\u201d, to which they owe full fiduciary duties. You, on the other hand, are their \u201ccustomer\u201d. Sounds about the same, right? The difference is that they don\u2019t owe you anything other than honest and fair dealing. Why does this matter? You want to pay the lowest price you can on that home. The seller wants to get the highest price they can. Knowing that the open-house agent works for the seller, can you guess what price the agent wants to sell the home for?<\/p>\n\n\n\n<p>This is where a buyer\u2019s agent comes in. This agent represents YOU in the transaction. You are now their client and they have full fiduciary duties to you\u2026 including getting you the best price on that home. The best part about it\u2026 in nearly all cases, buyer\u2019s agents are paid for by the seller! Translation\u2026 it doesn\u2019t cost you a dime.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019re driving around one day and notice an Open House sign on a home you\u2019ve been eyeing for weeks now. Out of curiosity you go inside, meet the on-site agent, and fall in love with the home. The agent seems really nice, gives you some information about the home, and passes you their business card. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open houses. Who\u2019s looking out for YOU? - Ten Properties<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tenproperties.com\/blog\/open-houses-whos-looking-out-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open houses. Who\u2019s looking out for YOU? - Ten Properties\" \/>\n<meta property=\"og:description\" content=\"You\u2019re driving around one day and notice an Open House sign on a home you\u2019ve been eyeing for weeks now. Out of curiosity you go inside, meet the on-site agent, and fall in love with the home. The agent seems really nice, gives you some information about the home, and passes you their business card. 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