(214) 945-1066

Why NOT to Buy a Home Directly With the Listing Realtor

Why not to buy a home directly with the listing Realtor explained. As a mortgage professional I get this question asked of me all the time. A homebuyer will come to me for preapproval and then will start the home shopping process. When I ask if they are being represented by a Realtor, they may tell me they will call the Realtor on the sign. WRONG!

Many people think they can save money because the homeowner will automatically drop the sales price because they don’t’ have to pay another realtor. Well, that is just not the case.

Listing Realtors have a fiduciary responsibility to sell the home for the most they possibly can as they are representing the homeowner. If you go directly to the listing Realtor, they are not representing you as the buyer. Your best interests are not being protected. To protect your interests, you need your own representation or your own buyer’s agent.

What is a Buyers Agent?

Your buyer agent should have extensive knowledge of the area, have great negotiation skills, and should facilitate a smooth transaction for you. Normally, they will actually save you money.  According to Realtor.com, a buyers agent “Help overcome setbacks. If the home inspector’s report or appraisal brings new issues to light, a buyer’s agent can advise you on how to proceed with the transaction, and then act as a buffer between you and the sellers or their broker. If negotiations become heated or hostile, it’s extremely helpful to have an experienced professional keeping calm and offering productive solutions.”

If you are house hunting and need a great team on your side, please don’t hesitate to call me. I will put my connections and 22 years of experience to work for you.

Richard Woodward

NMLS 217454

Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager

Office:  (214) 945-1066


Service First Mortgage  NMLS 166487

6800 Weiskopf Ave #200, McKinney, TX 75070


Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration, AZ 0924237, CO, FL MLD1342, KY MC358087, OH SM.501988.000, OK ML01483. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualifications. Rates and fees are subject to change without notice.

Contact Us

Nexa Mortgage - Richard Woodward
7820 Hague Ct
Plano, TX 75025
Phone: (214) 945-1066

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Richard Woodward
Branch Manager
NMLS #217454
Company Licensing
Company State License#
AZMB - 0944059
NMLS# 1660690

Equal Housing Lender