Welcome to the real estate black book, the buyer edition. Today, we're going to talk about the multiple offer process. Now, you're probably thinking, obviously, it's the person with the highest price that gets the house, right? Not true. I've been beaten by higher prices, and I've been beaten by all-cash offers. So here's the first point: your agent can either get the deal for you or can kill the deal for you. I've seen both sides. Now, when I'm a listing agent, I get calls from buyers' agents, and they start arguing with me in the first few minutes. Just think about that. If they're already arguing with me, just imagine how messy this gets down the road once we open escrow. And it happens more often than you think, by the way. But on the other hand, sellers also have to watch out for buyers' agents who agree to anything just to get the house. It's really funny how fast things change at the first sign of trouble. You know, a few leaky sinks, and they're ready to back out of this deal completely. It's crazy. So what can you do as a buyer to get the house? The first thing is, you need to be working with one agent. There are a million reasons for this, but today, I'm just gonna cover a few. Number one, some buyers think writing an offer with the listing agent is going to get them the deal. I call these buyers "listing agent groupies." But if these agents are as ethical as they should be during the multiple offer process, they don't represent both sides during negotiations. They'll usually bring in another agent to help negotiate for the buyer. So if the listing agent refers you to another guy, not only are you...
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