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Realtors aren't going to tell a prospective buyer anything that will cause them to rethink the purchase of a property. Some Realtors here will come behind me and bash me (again). The idea of a "buyer's agent" is just a way to make buyers think they have someone on their side. In reality, it's not true.
Realtors aren't going to tell a prospective buyer anything that will cause them to rethink the purchase of a property. Some Realtors here will come behind me and bash me (again). The idea of a "buyer's agent" is just a way to make buyers think they have someone on their side. In reality, it's not true.
Not going to bash you but........ You're wrong.
I pull clients out of houses all the time because I know they have issues.
Information such as this falls squarely with the buyer's responsibility. Yes, the agent is getting a commission, but you're the one buying the home and making the decision as to which house that will be. It's one of, if not the largest financial decision many of us will ever make so due diligence is of course important and researching those things which concern you is important.
Certain things like crime rates, racial demographics and criminal convictions etc are prohibited from being disclosed by an agent, even though those are largely a matter of public information as well.
Of course you do not know who might move in later...or who might commit a sex crime later and thus become registered in the neighborhood. Agents can't protect against all risk. If you don't want to take risks, don't buy a house.
Time and again, I read threads here on CD and I find myself typing: "follow the money.". The one, simple rule that will guide you in 99% of financial decisions. If none of the money involved in the transaction is flowing in your favor, you need to be diligent on your behalf.
In this case, ALL of the money is flowing into someone else's hands: the seller, the selling agent, and, yes, the buyer's agent. In this case, trust no one--even someone acting on your behalf (the buyer's agent). They ALL just want the money as quickly and easily as possible.
You should do all of your own research outside of theirs. Bad water, dumps (both new and existing), possible new highways or modifications to existing, loud or unruly neighbors, etc.
Just purchased a home and like 3 hours ago we were told that we have a level 3 sex offender living right next door. Is there not a law that obligates realtors to disclose information about sex offenders while showing property?
What state are you living in? Not all sex offenders are registered on State registries. Do yourself a favor and check the national sex offender registry as well.
Given the fact that sex offender databases are often inaccurate, I should think they would have no obligation - the information is often out of date, so it might not even be true. It's really a simple internet search to find out things like crime levels and sex offender presence - again, it's not always accurate, but it is what it is. You can at least get an idea of the situation.
As with anything else, "caveat emptor" is something to take seriously when buying a house.
Realtors aren't going to tell a prospective buyer anything that will cause them to rethink the purchase of a property. Some Realtors here will come behind me and bash me (again). The idea of a "buyer's agent" is just a way to make buyers think they have someone on their side. In reality, it's not true.
You need to find better realtors then. I'm not a realtor, but I'm buying my second home now. My realtor has provided invaluable information regarding which house I'm deciding on and has turned me away from a few that have problems.
A good, honest buyer's agent will take a little less money to have a happy client and potentially get references from that client.
Another reason to be careful of using the information found on those registries is a situation like this:
A man listed on the registry has has his address a house which he owns but is now currently renting--the tenant renting the place does not know the status of his landlord. That is another reason why agents probably won't want to get involved as due to liability.
He needs to update his records to reflect where he is residing. That's the whole point of the registry.
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