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01-09-2008, 06:24 AM
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Member
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Join Date: Apr 2007
29 posts, read 31,095 times
Reputation: 12
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RE Agents
I don't think that's true anymore. Most agents will do listings or buyers agency. In this market a lot of agents are leaning towards the buyers agent side. They just won't do both on the same transaction (Dual Agent).
The problem is if the buyer is not represented then they are in a vulnerable legal position if something goes wrong. I've done both and the buyer should be able to find someone who would represent them.
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01-10-2008, 11:15 AM
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Junior Member
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Join Date: May 2007
7 posts, read 6,638 times
Reputation: 10
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records
You don't NEED to have buyer representation from an agent, but at the same time, the seller's agent should furnish you with all the documents you need to make a decision. If the documents are not available, you can write a purchase agreement CONTINGENT upon whatever you need to know being approved, and that puts pressure on the seller's agent to get it for you. Again... it is the seller's agent job to provide you with all the basic info, it's not the buyer's agent's job.
Kwill
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01-10-2008, 11:40 AM
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Real Estate Agent
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Join Date: Oct 2007
2 posts, read 2,465 times
Reputation: 10
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Please listen to jfog55372!
It is in your best interest to use an agent and especially as a buyer since you will still be paying the same price for the home weather you use a Realtor or not. There are way too many ways you can be at risk without representation. If you need a referral I would be more than happy to recommend a few names of good Realtors but PLEASE use an agent to help you buy a home especially in a rural area where you will be dealing with all kinds of tricky things like septic systems, easements and other things
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01-10-2008, 02:38 PM
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Member
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Join Date: Apr 2007
29 posts, read 31,095 times
Reputation: 12
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RE Agents
Quote:
Originally Posted by kwill
You don't NEED to have buyer representation from an agent, but at the same time, the seller's agent should furnish you with all the documents you need to make a decision. If the documents are not available, you can write a purchase agreement CONTINGENT upon whatever you need to know being approved, and that puts pressure on the seller's agent to get it for you. Again... it is the seller's agent job to provide you with all the basic info, it's not the buyer's agent's job.
Kwill
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YES, you do need representation as a buyer.
This is not about who does what work for whom. It in large part is about the buyers protection and about liability.
Suppose a buyer purchases a home without the representation. Then a month after the sale you find there is a problem with the septic system, or some other problem. Who does the buyer go after? The seller is retired in the Caymans. Do you go after the listing agent? NO, the listing agent represented the sellers only, not you. There is a strict legal definition of who represents whom.
The only recourse the buyer has when they have been screwed then is to go after the seller of the home. This means going to court, in most cases district court and hiring an attorney and hoping you win.
The buyer at least needs to have an attorney look things over but then the the buyer will have to pay for it. If the buyer has an agent then the cost is paid by the seller. Then the buyer has some recourse and that is to go after his buyers agents brokers E & O policy. That's what is's there for.
Another thing is sometimes a buyer lets their lets their emotion get in the way because they fall in love with something. It's always good to have a professional look things over.
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02-15-2008, 10:21 AM
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Member
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Join Date: May 2007
10 posts, read 10,897 times
Reputation: 15
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House hunting
Quote:
Originally Posted by disneyrecords
I'm looking at a house in rural MN and want to pull the tax records
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Interested in St. Louis County? Go to....
St. Louis County Sheriff's Office
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02-16-2008, 06:16 AM
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Real Estate Agent
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Join Date: Feb 2008
Location: Minneapolis, MN
18 posts, read 18,841 times
Reputation: 14
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Minneapolis-Saint Paul Metro area Realtors have access to most MLS services across the State (ten at last count) so that might be one method, depending upon where the property is located.
Some outstate counties are online, like their metro counterparts. The preferred convention to county websites is ... http://www.co.<county>.mn.us/ ... although many deviate from this convention. Search for your County Tax Assessor's office on Google to be certain. That's a second method.
But the tried-and-true method is to go down to the courthouse and dig through the record books.
Realtors are not "required by law" to do anything of the sort! Some may charge for their bird-dogging services, much the same as you charge for your services. You might just want a Realtor to protect your interests when presenting an offer.
The value of any property is that which the buyer and seller agree. Realtors, on the other hand, are priceless.
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02-16-2008, 06:23 AM
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Real Estate Agent
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Join Date: Feb 2008
Location: Minneapolis, MN
18 posts, read 18,841 times
Reputation: 14
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If the agent is willing, they can assume the role of a dual agent. This allows for representation of both Buyer and Seller within specific guidelines. If not, they can also act as a Facilitator for a reduced fee.
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02-19-2008, 09:28 AM
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Senior Member
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Join Date: Mar 2007
1,821 posts, read 1,630,441 times
Reputation: 357
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Quote:
Originally Posted by Scott Secor
Realtors, on the other hand, are priceless.
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Aren't we impressed with ourselves... 
Sounds like a NAR ad.
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