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.
JustNancy - I think you need a new agent. My agent sat down with me and the comps and outlined a negotiation strategy. He provided me with his insight into the market, what he felt the home was worth, what he felt the home would apprise for and what contingencies to include in the offer. We also postulated on various counter offer scenarios. In my opinion he definitely earned his commission.
Thanks, but I was talking about my past experiences. I don't want to hijack this thread, so I won't go into detail. Congrats on finding a home you like.
There's a difference between being "desperate for a check" (which implies the salesperson is unethical) and being new in the field. Since a real estate salesperson cannot sell on his own, shouldn't his broker be examining all offers and contracts anyway?
Again, it sounds as if I'm trying to start an argument and I'm not. But are you admitting you sold homes when you were clueless because you were new in the field? Also, having years of experience doesn't automatically mean someone is effective. Congress is a good example.
I leaned heavily on my broker when I started and asked a lot of questions. I was not clueless as a result. Not all agents and brokers are that way. Some agents are better than others, just like every profession. It is the consumers job to find and hire a good one.
I leaned heavily on my broker when I started and asked a lot of questions. I was not clueless as a result. Not all agents and brokers are that way. Some agents are better than others, just like every profession. It is the consumers job to find and hire a good one.
Exactly. I'm pretty sure that's what I wrote. At least that's what I meant. Even a doctor who has 10 years of experience isn't necessarily better than one who just opened his practice. Fortunately, this isn't a life or death situation, but every consumer has access to property records and should do his own research and ask questions, although a good real estate agent should do everything that Retire in MB mentioned in post #20.
Remember when looking for an agent, that 85% of new agents will fail out of the business, and that only 20% of all agents sell 80% of all property.
Reason that they fail out, is they never really learn the real estate business, and really do not know what they are doing. Find an agent that has been in the business for at least 1 to 2 years, and works full time in the business, not someone that just started in the business or is only part time and you are about their first prospect as they really do not understand the real estate market.
Look for an agent, that is within a reasonable distance from where you are interested in buying a home. One that specializes in selling property in that particular area. Thirty miles away is not much in a very rural area where towns are 50 miles apart, but is way too far in a more urban area. In a larger metro area, you can find agents that specialize in a 3 miles area, and really do not know the property or the market 5 to 8 miles away.
Remember when looking for an agent, that 85% of new agents will fail out of the business, and that only 20% of all agents sell 80% of all property.
Reason that they fail out, is they never really learn the real estate business, and really do not know what they are doing. Find an agent that has been in the business for at least 1 to 2 years, and works full time in the business, not someone that just started in the business or is only part time and you are about their first prospect as they really do not understand the real estate market.
Look for an agent, that is within a reasonable distance from where you are interested in buying a home. One that specializes in selling property in that particular area. Thirty miles away is not much in a very rural area where towns are 50 miles apart, but is way too far in a more urban area. In a larger metro area, you can find agents that specialize in a 3 miles area, and really do not know the property or the market 5 to 8 miles away.
Great advice^^^. 30 miles is way too far away in an urban/suburban environment, but might be perfectly reasonable in a rural area. Go with an agent that knows the area and has been selling in that area for at least a few years.
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.
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.
