Guess who is coming to Waterloo Region and Guelph?
I was reading an article in the Record announcing the launch of Mike Holmes Inspections during his book signing in Waterloo today. I couldn't help myself when I saw a quote like "
Realtor Myth #5 - Agents have a "network of professionals" at their disposal.
How many times have people been referred to a home inspector from an agent? Is there not a conflict of interest there? I have had a very qualified home inspector tell me flat out he does not get referrals from agents because he is overly detailed in his inspections and has caused the odd deal to fall through. As a buyer, that is the guy I want! What about as a seller? Absolutely, for my pre-sale home inspection.
Truth - When a business gets the majority of it's revenue from a single source, that source has the ability to put undue pressure on the business. If an inspector/lawyer/mortgage broker gets 75% of their business from one agent/broker/brokerage there is potential to have things "swept under the rug" to get the deal done. With the way the payment flows to agents, at time of sale, they need deals to close. No close, no pay. No pay, no food. Seems to me that is where the term "hungry for the business" comes from.
How hungry is your agent? Is he Hungry Like The Wolf?
Make sure if you get a referral from someone they do not have any interest in the outcome of the service provided. If they do, look for some objectivity.
M
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