NYC: Interested in a house with an exclusive listing agent and getting confused.

[johpeter]

Originally Posted by Bill Keegan

I was responding from the position of you wanting to avoid dual agency, as you said you hated it. And in the specific instance of one agent representing both buyer and seller of the same property, I don't blame you.

If the listing agent acts as a dual agent, he will have the responsibility of representing you as well as the seller, of providing you with accurate and correct information, helping you work through the process, etc. He should do that even if he is the sellers agent alone, and you are an unrepresented buyer, but he may not feel he has any obligation to do so.

If the agent you trust says that this is the best way to go, I'm not going to contradict him, as I don't know your situation or your specific market. Just be careful what you expect from an agent who is representing the seller, no matter what his title is. You will get no information that will help you to get a better deal, no benefit of his knowledge or experience as to whether something is to your benefit. But it sounds as if you might understand that already.

Planning to just put in an offer, see if I get a counter and we can somehow fall in the middle. If not, I tried and I'll look else where.

I'm just worried about the part where he "should" tell me accurate information. At least once I'm in a dual-agency I can remind him he owes me that at least (legally).

[Bill Keegan]

Originally Posted by johpeter

Planning to just put in an offer, see if I get a counter and we can somehow fall in the middle. If not, I tried and I'll look else where.

I'm just worried about the part where he "should" tell me accurate information. At least once I'm in a dual-agency I can remind him he owes me that at least (legally).

Well, no matter his agency relationship, he's not allowed to be dishonest with you.

In any case, good luck.

[accufitgolf]

Originally Posted by johpeter

Been telling that to the missus but its literally 2 blocks from her parents and 7 from mine.

Both sets of parents are pushing us for this house so I need to make a try or I'll never hear the end of it.

Agents buyer/seller/dual want to make money from us and split nothing with anyone else if possible.

The real questions to you:

Are you interested in this property?

Are you willing to submit a bid regardless of who reps whom?

If you have doubts then submit an offer with all the "contigents" (inspection, mortgage, HOA/COOP documents, etc., etc....one easily gotten out of if one even farts) but at least letting them know you are not a "dead beat" looker.

If all are looking over your shoulder (parents, in-laws, spouse) then decide whom controls the deal. You, her, the two of you, the parents.

If you are not comfortable, then get them all involved in making the offer. It will probably be so convulted that when it fails, you can pass the blame to them and say to the wife, sorry it did not work, but let us have some hot sex but we will make the next one work after we tire ourselves out from the sex....LOL

The next one might even being you two taking charge, making another offer on the same place, it gets accepeted, thus more hot sex.......LOL

Now the even tougher love advice. Move far away from either set of parents so neither of you can get mad/cop out and easily go home to Mommy nor Daddy. Grow up. Both of you learn to live without them, unless they are paying.....LOL

[SouthernBelleInUtah]

You will need an excellent inspector but your RE friend can help you with that.

[Bill Keegan]

Originally Posted by SouthernBelleInUtah

You will need an excellent inspector but your RE friend can help you with that.

While I don't disagree that they should get a good inspector, I also don't see how that would be different based on what agent (if any) presents the offer.

[fdnywife]

Honestly, I may not be understanding this correctly, but maybe when the people are home go up and tell them you want to put an offer in on their home but their agent is making it too difficult and you are just about ready to walk? Good luck!!