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Old 10-22-2009, 09:18 AM
 
Location: Chattanooga
2 posts, read 5,320 times
Reputation: 10

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Hello. I am new to the area and this site. I am looking at making a purchase and called about a home for sale by Chattanooga Real Estate Consultants. I did some research online and the is not much about this firm. Does anyone know anything about them?
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Old 10-23-2009, 03:11 PM
 
114 posts, read 361,392 times
Reputation: 47
If these are the guys on Lee Hwy by 153 I would not recommend them based on personal experience. I was happy with the agent who also left there but problems with the broker.
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Old 10-23-2009, 10:31 PM
 
Location: Chattanooga
2,071 posts, read 7,151,648 times
Reputation: 528
If you're looking for a good realtor, go ahead and DM one of us. We'd be willing to share I'm sure
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Old 10-25-2009, 12:32 PM
 
Location: Chattanooga
2 posts, read 5,320 times
Reputation: 10
Hello pioti. Thank you for your reply. I am hearing that they were Realty Executives Chattanooga and had several different agents there then. I am also told from a friend at work that there were some changes a little while back and the place went down hill every since. The thing that worried me was that the agent I talked with was pushing for a retainer and deposit before I even choose a house. Does anyone know if this is common or a money grab?
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Old 10-25-2009, 12:49 PM
 
2,319 posts, read 4,332,676 times
Reputation: 2092
We didn't give our retainer until we found a house and put in an offer. That sounds shady to me. If you gut is warning you against this person or group, go with you gut. If you don't, you might regret it later.
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Old 10-25-2009, 05:04 PM
 
114 posts, read 361,392 times
Reputation: 47
Default no money up front

never give money up front. 1st time I heard of a retainer. I know of several reputable agents-So do most of the people on this site. I think what is important what area you are looking in and get one that knows the area. I got to know the area I was interested in better than my agent.
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Old 10-30-2009, 04:45 PM
 
Location: Beautiful East TN!!
7,281 posts, read 19,710,212 times
Reputation: 2770
No retainer, earnest money as a deposit on the house you are making an offer on yes, any up front fees before you sign a purchase offer, than no. Also a word to the wise, you said you called this company because they had a house for sale listed? Do not use the same agent or company that has a house listed for sale that you want to purchase. Find a Realtor you like as a buyers agent. Their job is to protect YOUR interests, not the interests of the seller.
I hope that helps and I agree with TriDad, send a DM to some of the regular local posters here, they could give you good referrals I am sure.
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Old 10-30-2009, 09:10 PM
 
Location: Chattanooga
2,071 posts, read 7,151,648 times
Reputation: 528
MB. That's some good advice. Forgot about the earnest money. Buying a house is like giving birth. You forget all the pain after closing, and just start enjoying your new house. But I'm a man so what do I know about these things?
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Old 11-02-2009, 07:47 AM
 
Location: Chattanooga, TN
2,892 posts, read 4,315,837 times
Reputation: 4643
Quote:
Originally Posted by mbmouse View Post
... Do not use the same agent or company that has a house listed for sale that you want to purchase. Find a Realtor you like as a buyers agent. Their job is to protect YOUR interests, not the interests of the seller. ...
I'll second this. I can't prove it, but I'm pretty sure we were burned during the purchase of our first house in Missouri many many years ago because we used the agent on the sign (she earned a double commission, which we paid). The purchase of our house here in Chatt went much smoother and she handled everything we threw at her.
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Old 11-02-2009, 08:09 AM
 
Location: Summerville GA
23 posts, read 64,451 times
Reputation: 11
I have not dealt with them directly, but much of the ads I have seen by them have made my "beware" button flash. I've worked with a number of realtors, and I have 12 years of advertising experience, lots of it in real estate as well - something not quite right is going on there.

And whoever heard of a deposit/retainer when you are looking for a house? What madness is this?
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