1) Buyers think they can save money by going it alone:
On the surface this almost makes sense. After all, we're taught that do-it-yourself can save you money. While that premise works in many cases, such as building your own deck, or painting a room, it does not hold true when shopping for a house. If the buyer uses the home-owners Listing Agent, that agent simply collects the entire commission. Any discount or cut to the commission would go back to the home-owner, not to the buyer. Also, I am fairly safe in saying that Listing Agents are very good at what they do.........including keeping their commission.
It should be noted that printed weekly publications are, well, a week out-of-date. Monthly magazines are even unreliable in that by the time a home is featured in any of these, it is quite often sold. Some home-sellers decide not to use a "For Sale Sign", as they dont want the neighbours to know they're selling. By working with your own REALTOR® ,you will receive automated information on any and all listings which fit your criteria. No missing out on any listings.
So once you hear back from them, you try to book appointments with 3 different professionals, all of whom have busy schedules of their own. What do you think the odds are that they are all available during the 1 or 2 hours you've set aside for this?
On the other hand, if you are working with one agent, you simply call him (or her) and tell them your one-hour window. The agent then books the appointments and goes thru the homes with you. THIS is the way to actually save yourself some time.
So, if you are getting serious about buying a home or condo, call a REALTOR®