What if the real estate agent is the Santa Clarita (or fill in with any city name) Home Buyer?
Does it mean that the real estate agent buyer conducts themselves emotionlessly?
Maybe the real estate agent buyer is buying the home solely as a business proposition, although they are going to live in the home as their primary residence?
This is not about those people who have a real estate license that do not conduct any business. Nor is this about those real estate licensees who have their real estate license to play investors. It’s also not about those agents who are buying real estate in order to re-sell either.
It’s about the real estate agent, who has closed a bunch of real estate transactions, has represented real estate buyers and sellers in a full time capacity for a lot of years and is buying a home, as a primary residence, for themselves and their family.
It’s about a simple process of a real estate buyer, who is an active/full time Realtor, wanting to buy a home.
There are a lot of parts to this process – a couple of things you may not know. In CA – the seller has to have it disclosed that the home buyer is a Licensed Real Estate Agent. If that is not disclosed, then the “real estate licensee” could lose their license and end up in court. (This is one of the things which happened to Paris and I when we bought our first home. It was not disclosed to us that the owner of the home, the seller, was a licensed real estate agent) – Read more here about our Real Estate Nightmare
Some would think that the real estate agent buyer would have it in the bag.
That they would able to get everything they wanted at a discount when buying a home for themselves.
That their offer would be accepted above other offers and the agent, who is working for the seller, would give “insider information” to the real estate home buyer and that all would be super duper for the agent home buyer.
Those thoughts could not be further from the truth.
In fact, there is a lot of “anti-agent” sentiment that usually is felt when the agent is the home buyer. The agent representing the home seller could be jealous at the agent’s apparent success and wanting to buy a home (or a second or a third). Maybe the real estate agent has other (better) “agent friends” who have written offers for the same home? If that is the case some bad mouthing of the real estate agent buyer could occur in order to “steer” the seller. (totally unethical – but I’m sure it happens)
Sometimes, it’s the other way – the home seller questions the fact the agent is the home buyer in various ways. “Does the agent whom I hired really have my best interests at heart?” A seller may think. In other words, is the agent I hired setting me up by showing kindness to the real estate agent buyer and supporting their offer?
It could be that the home seller received the real estate agent buyer’s offer and it was less than their asking price. That could cause various other issues. Especially when their own agent has been telling them that their home is overpriced. It could appear as if there is collusion between agents.
When it comes to the real estate agent buyer, do they experience emotions when buying real estate themselves? ABSOLUTELY YES!
It does not matter how many people they have represented. It does not matter how long they have been in the business. The feeling and emotions when buying a home are the same between the agent and the “non agent” home buyer. One notable difference in the “level” of stress is the agent home buyer will feel more stress and have more pronounced emotional peaks and valleys because they know how the real estate process works. They also know how many things can go wrong when buying real estate.
Final Thought – When I was an LAPD motor cop, I wrote tickets. I arrested Drunk Drivers, Felons and Bank Robbers. Still to this day, when I get pulled over, I feel stress as If I never pulled a single car over in my past as a cop. Go figure.
Thanks for taking the time to read our Santa Clarita real estate blog. I’m Connor MacIvor with REMAX Gateway and I’m glad to be at your service when it comes to real estate. Please call me when ready!