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I have been looking over a wide suburban area for a house. Many of the agents are now requiring that I sign an "exclusive buyer's agency agreement" prior to looking at listings. I do, but so far none provided a suitable property due to certain pieces of furniture that must be held onto and not placed in a basement or rec room. I have found most agents only have good knowledge of a very limited area, and due to the furniture I have mixed thoughts about signing anything exclusive which may involve a very long wait for a suitable property to become available. I do not have the luxury of waiting for a house to appear and will need to move sooner. Is there any workaround for this situation -- e.g., providing a time-limited exclusive agency by town or set of nearby towns?
I appreciate the forum's thoughts on this. Thanks in advance.
I have been looking over a wide suburban area for a house. Many of the agents are now requiring that I sign an "exclusive buyer's agency agreement" prior to looking at listings. I do, but so far none provided a suitable property due to certain pieces of furniture that must be held onto and not placed in a basement or rec room. I have found most agents only have good knowledge of a very limited area, and due to the furniture I have mixed thoughts about signing anything exclusive which may involve a very long wait for a suitable property to become available. I do not have the luxury of waiting for a house to appear and will need to move sooner. Is there any workaround for this situation -- e.g., providing a time-limited exclusive agency by town or set of nearby towns?
I appreciate the forum's thoughts on this. Thanks in advance.
You just haven't met the right agent yet, and need to cast a wider net.
Post this on your local CD forum and ask for DM's for agents.
Actually, that is how I got my first listing gig in real estate. 27 people answered the lady's Craigslist ad. 5 or 6 followed up after a couple of days. I followed up twice more, and got the job after everyone else gave up.
You can make your expiration date that very day. You can sign for just that one house only. You can sign a waiver that you are aware you are not represented by an agent. Have these options been offered? If not just doctor the contract and sign and initial.
You can make your expiration date that very day. You can sign for just that one house only. You can sign a waiver that you are aware you are not represented by an agent. Have these options been offered? If not just doctor the contract and sign and initial.
Uh...
Don't forget a step. "Negotiate."
A "contract" requires signatures and initials of agreement on all points by both parties.
Just tell the agent that you will only give them a contract for what they show you. I've never had an agent refuse to modify their contract.
If you use multiple agents, keep careful track of what agent showed you each different property. Because you will owe a commission to the agent that showed you the house. Don't let a second agent show you the same house again.
I'm a bit confused by your situation, OP. I get that you are finding a house for your furniture but you are looking in the one city and want to use multiple agents?
If it is a large city like Chicago that makes sense since agents tend to specialize, but in smaller cities I can see working with multiple agents backfiring. There isn't one agent that will know every single home on the market. If you work with multiple agents, then the other agent has little incentive to hunt for homes for you.
What you need is an agent that is willing to preview homes for you. If you need certain dimensions, they can take measurements and only show you what might fit your furniture.
This is the outskirts of a top 10 American city so the diameter from one end to another is about 60 miles. I like the idea about adjusting the buyer's agency to comport with what they show me. And yes, I am looking for other agents to serve particular sub-sections of this 60 mile wide area.
Thanks all for the thoughts!
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Buyer's agency agreement and wide area
