U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-20-2012, 12:47 PM
 
1,666 posts, read 2,863,073 times
Reputation: 2185

Advertisements

I agree Cheryl it should be illegal. Also, a lot of "teams" or husband and wife teams get around this. I know of a situation where the husband represented the seller and the wife the buyer....and there were certainly some...at the very least...gray areas involved. I also think this is shady, unethical, and should be seriously looked into.
Reply With Quote Quick reply to this message

 
Old 02-20-2012, 04:20 PM
 
135 posts, read 283,396 times
Reputation: 128
Do I REALLY need a buyers agent? I can find the houses I like on the HAR website, I don't really want to pay somebody extra just so they can diddle around. I sold cars one summer after college, so I'm not totally igorant to negotiation tactics. I plan on playing hardball with these guys, and I'm only interested in a new house. Can someone explain what a good agent can really do for me?
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 06:04 PM
 
Location: Knob Hill
2,053 posts, read 3,095,660 times
Reputation: 2241
Information - he who has the most wins.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 06:28 PM
 
Location: Cypress, TX
862 posts, read 2,424,431 times
Reputation: 716
Quote:
Originally Posted by BROWNPLAYBOY310 View Post
Do I REALLY need a buyers agent? I can find the houses I like on the HAR website, I don't really want to pay somebody extra just so they can diddle around. I sold cars one summer after college, so I'm not totally igorant to negotiation tactics. I plan on playing hardball with these guys, and I'm only interested in a new house. Can someone explain what a good agent can really do for me?
To be honest, you can come out ahead by NOT having an agent on a new house. You can get the holdback money from the builder, instead of an agent getting it. I lost out on $3K in holdback money, because my buyer's agent got it. And I did all the negotiating on the price of the home. Ask the builder about any holdback incentive money!!
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 10:29 PM
 
Location: Magnolia, TX
22 posts, read 49,674 times
Reputation: 23
BROWNPLAYBOY310, you do need a realtor despite what some may say. The best way is to ask your friends if they have know any decent realtors; just like any profession the quality & integrity varies. Having a buyers agent doesn't cost you any money; the seller pays the commission. Explain what your goals are and ask them straight up if they will work with you. If you sign a Buyers Representation Agreement, the agent is contractualy obligated to work in your best interest. You can have the agreement last one house, one day, one week, one month. By all means don't sign any longer than one month in case you end up not liking the agent. Builders price their homes knowing that a huge piece of their business comes from realtors bring clients to their model homes so the realtor commission is built into their pricing. It's there whether you use a realtor or not. Sometimes they have incentives for customers and sometimes they have incentives for realtors. It all depends on how the homes are selling. The builder's sales associate works for the builder and is paid by the builder so they have no loyalty to you and aren't obligated to serve your interests. Individual sales associates have strict guidelines from management when it comes to what deals they can give. You said you plan on being tough on them, but if you worked in car sales then you know they've been trained to handle tough negotiators. You need someone on your side to help you through the negotiations.
One final piece of advice; use an indeppendent TREC inspector to inspect your new home before you close. You'll be surprised what they find sometimes.

Good luck
Reply With Quote Quick reply to this message
 
Old 02-21-2012, 08:48 AM
 
235 posts, read 688,178 times
Reputation: 185
When a realtor tells you that you have to have a realtor despite what others might say... you might want to think harder on it despite what that realtor might say.
For most people it would probably be good to have a realtor. Some people and some situations I don't think it is necessary.
Reply With Quote Quick reply to this message
 
Old 02-21-2012, 08:50 AM
 
35,121 posts, read 37,802,296 times
Reputation: 61840
Quote:
Originally Posted by BROWNPLAYBOY310 View Post
I am looking at Westin homes in Summerwood and called a realtor that had listed a home on HAR.com : Houston Real estate, Houston homes, Houston Realtors, TX Homes and looked at a house with them. They were pushing me to make an offer on the first day, and I considered it but did not since I just started looking. Now are they representing my interests or the interests of the builder? Do I need to get my own agent? I'm a first time home buyer by the way.

Last year I was looking and talked to two different agents listing places on HAR. When I told the first one that I was going to meet with the second one they got mad and said what I was doing by using two agents was very unethical. Is this true also?

The sellers agent represents the seller and that is the agent who is showing you the home listed. You are represented by a realtor you hire to find you a home. It is not unethical to have your own realtor who is working for you and your best interest to find what you require in a home.
Reply With Quote Quick reply to this message
 
Old 02-28-2012, 08:00 PM
 
Location: Seabrook, TX
6 posts, read 11,021 times
Reputation: 10
You definitely need your own representation, a buyers agent that will work for YOU and YOUR best interest. A good realtor will not push you into writing an offer in the way it was done to you. They will not push you like that, that's looking out for them and not you. Also, theres differences between Realtors and Real Estate Agents... just so you know.
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 12:13 AM
 
135 posts, read 283,396 times
Reputation: 128
I think I want a buyers agent, does anyone here know of a good one with experience in the Summerwood area/ Eagle Springs area? Thanks!
Reply With Quote Quick reply to this message
 
Old 03-01-2012, 05:46 AM
 
2,262 posts, read 5,654,816 times
Reputation: 1717
Quote:
Originally Posted by BROWNPLAYBOY310 View Post
I think I want a buyers agent, does anyone here know of a good one with experience in the Summerwood area/ Eagle Springs area? Thanks!
Sent you a PM about one.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top