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Found a house I'm interested in through a neighborhood open house yesterday. The selling agent wasn't there at the time. I'd like to make an offer - better to contact the agent and see if they will work as a dual or get my own agent? The selling agent is with a large national brokerage, maybe get an agent with the same brokerage?
We "squatting" in one of our rental condos while we are in between tenants and selling our primary home in another county. plan was to stay here (in the condo) - then once the house sells, find tenant for the condo and a new house for us.
However, the house I found is a "fixer-upper" in an area that might be slightly out of our comfort zone price wise normally and might be an great opportunity for us.
Get your own agent, preferably from a different agency. There is no advantage for you to use the seller's agent and it can be detrimental. You want someone who has a responsibility to you, not divided loyalty.
In the past, I have done both.
When I used the seller's agent, the deal went smoothly, the closing was faultless, and there were no problems.
When I had my own agent, the deal went smoothly, the closing was faultless, and there were no problems.
Ultimately, it is your choice. I have never seen any difference in my own "customer satisfaction".
Good luck.
Found a house I'm interested in through a neighborhood open house yesterday. The selling agent wasn't there at the time. I'd like to make an offer - better to contact the agent and see if they will work as a dual or get my own agent? The selling agent is with a large national brokerage, maybe get an agent with the same brokerage?
We "squatting" in one of our rental condos while we are in between tenants and selling our primary home in another county. plan was to stay here (in the condo) - then once the house sells, find tenant for the condo and a new house for us.
However, the house I found is a "fixer-upper" in an area that might be slightly out of our comfort zone price wise normally and might be an great opportunity for us.
GET YOUR OWN AGENT -- it doesn't matter if it's with the same brokerage, as long as the seller agent is working for YOU.
I would just contact the seller's agent. According to law, they HAVE to give their clients whatever offer you want to give them. They also have to give whatever contingencies you want to add as well.
If they don't, you can just contact the real estate commission.
We have bought and sold over 9 homes and land. We have dealt with several realtors. The only one that sticks out in our minds that was truly outstanding and deserved their commission was a seller's agent we had contacted about a property we wanted. She did everything in her power to make sure the deal went through.
GET YOUR OWN AGENT -- it doesn't matter if it's with the same brokerage, as long as the seller agent is working for YOU.
Yes it does. In some, maybe most, states a buyer's agent from the same office as the listing agent cannot act as a single agent/fiduciary for the buyer. Different brokerage is better.
Get your own agent, preferably from a different agency. There is no advantage for you to use the seller's agent and it can be detrimental. You want someone who has a responsibility to you, not divided loyalty.
Quote:
Originally Posted by dblackga
GET YOUR OWN AGENT -- it doesn't matter if it's with the same brokerage, as long as the seller agent is working for YOU.
I'm really curious about these statements. A real estate agent, whether its a buyer or seller's agent, have to put in the offers that buyer's want to put in. What exactly does "someone looking out for you as a buyer" really mean?? Are there games that agents play so that somebody gets screwed? I'm not understanding the logic of getting another person involved in the whole transaction. The seller's usually are required to give a seller's disclosure. The buyer's usually do a home inspection. The buyer decides what they want fixed. The seller decides what they want to pay for to get fixed or to not at all fixing anything. What does having divided loyalty mean? Are the seller's agent going to pull a fast one on the buyer somehow?? It doesn't make any sense...agents are suppose to have ethics.
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