Is it ok to hire the agent selling the house we want to buy?
HU-886809439
5 years ago
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sushipup1
5 years agoSammy
5 years agoRelated Discussions
Do I have to use the same agent to sell and buy?
Comments (2)(I thought I had posted a follow up, but either it didn't take or I posted to a completely different thread!) Anyway, Thanks Laura, I hope it does too. I am waiting to see if the contract shows up this morning, but at this point, I'm so tired of the sellers' agent, the seller and their bs, that I'm beyond getting upset. They've been yanking us around since the binder, obviously trying to buy time for some reason, and yesterday was the last straw. We had a bit of a "showdown" after they pulled a last minute stunt and, thankfully, they backed down. But I'm still not convinced that they're going to sign today, despite their agent being "99% sure". We did see one house with our agent that we put a bid on, and then tabled the bid when things got uncertain with our sale. If that house comes through, I'm guessing I'm committed to her, unless I can retract the bid and start fresh with another agent. Any new homes we see, we are definitely going with a different agent. I don't want to unethically take a commission from her, but I am no longer confident in her abilities to act on our behalf....See MoreBuying/selling agent the same
Comments (35)Saphire, you are about 10 years behind on your real estate laws. Each and every buyer now has a choice. The days of agents automatically working for the sellers are long gone. Actually, I don't even offer a commission to "sub agents" which is what you are referring to on my listings. YOU MUST Be a buyers agent for me to split my commission with you. (takes liability off my sellers for agent mistakes) If I am working with a buyer as a buyers agent and my buyer wants to buy one of my listings where I am the sellers agent, I must get a signature from both my seller and my buyer that they agree that I will become a dual agent. If one of them prefers to have their own agent, then someone from my office or another office if they choose can represent them. (I have never had this happen) The days of every agent being a sellers agent are gone a long long time ago. Sparkels, I think what that agent did was totally unethical. In essence he/she prevented other agents from showing the property and bringing in offers on the listing that might have been better for his seller so that he/she could secure himself the sale. He/she could loose his/her license for that. I know it happens where the listing agent tells their buyer what the other offers are so they come in higher because I have been on the other end where my buyer has lost the bid because of a "better offer" only to find out it was the listing agents own buyer. I think its only natural for a listing agent to want to sell their own listing. Personally, this is the highlight of a sale for me. In the time that it has happened, I NEVER have told my buyer what the other offer is. I just tell them to come in with their highest and best same as I tell the other agent to tell her buyers. (its a dual agency situation, I cannot give my buyers a number, the other buyer might go higher and that would be unfair to my seller). Even though I would love to get both sides of the transaction, I also have to sleep at night and that doesnt seem fair to me. Also, these same buyers will someday sell a house, do I want them to think I was unethical so they never call me? I do recall last year where I had this exact situation. My buyer actually came in lower than the other agents offer on my listing. When both offers were presented to the seller, they wound up choosing my offer even tho it was $7000 lower. Their reason was, they liked the people, they had a new baby and wanted to help out a young couple. Also the closing date was better for them and a few other things. Susana, Im sorry you lost the house. I always think things happen for a reason and there is a better house out there for you. Your agent did a good job for you, she was dealing with an unethical agent. I'm willing to bet that deal doesnt close and they wind up calling you back. You just may wind up getting that house for a lower price then your original bid. :)...See MoreBuying a fixer (no kitchen!)? Weird agent! Should we bid?
Comments (26)Can somebody hand me a towel? I'm drooling puddles on the tabletop here. This house is a-freakin-mazing. Unpainted original woodwork? Original light fixtures in storage? Intact built-ins? Be still my beating heart! Where I live, in its current condition that sucker would be priced at a quarter mil. Fully restored? Half a mil easy and probably three-quarters if in a desirable location. Without being able to see more of the exterior structure I'm not sure I could label it as a certain subtype of bungalow (and it's quite big for a bungalow, too) but I wouldn't tag it as a Tudor by a longshot... there are so many different influences that my instinct is simply to call it "Arts & Crafts" and leave it at that. (I'd have no problems with a haunted house, either. I get on well with ghosts - have had one before - and hang about with a passel of psychics and clergy of various flavors anyway.) That bathroom with the green plaid wallpaper above the tile is just begginging for a Bradbury, Trustworth, or Carole Mead frieze. Mmmm... (Did you know that Vandykes.com has vintage-style medicine cabinet kits that will coordinate nicely with that style of woodwork?) Re: the servants' bathroom, is that painted tile or scored plaster? If you decide to pull out that mini tub, either keep it with the house (goodness knows you have enough basement space to store it) or sell it, don't just pitch it - those are VERY hard to find! I'm guessing that's a 4-footer or perhaps even a 3 1/2 foot? A new 48" cast iron clawfoot runs about $1300 plus freight. 42" ones are almost impossible to find. The three sinks in the basement are very interesting, considering that a family of that economic stature would have been able to afford a gas or electric washing machine (and would have been mighty proud of it too!). I wonder if someone had a hobby that required multiple sinks - is there evidence that the spot it's in was ever used as a darkroom, perhaps? It looks like probably only the center set of taps is original. If I were physically able, I would grab a house like this in a split second. It is absolutely one of the loveliest houses I have seen for a long time, the "bones" are impressive and comparatively little has been done to screw it up! (There is little as pathetic as a thwarted old-house nut, except maybe a dogless dog person.) As for the mortgage, what about a FHA 203(k) rehabilitation loan?...See MoreTiming - hiring listing agent and buying agent
Comments (2)Research is so important. Go to open houses, browse the internet, visit new home communities. If you find an agent that you click with at an open house or a new home community, explain to them your situation. You don't want to buy until you sell, but you want to be well prepared with knowing what's available in your price range. A good agent will send you listings to give you an idea of what's out there. Just don't fall in love with anything til you sell yours or you may get stuck with two payments. Also keep in mind that depending on your area and how fast housing is going, homes you like now, may not be available when yours is sold....See Morenancylouise5me
5 years agojill302
5 years agojennsbabysky
5 years agoschnoodlemom
5 years agobry911
5 years agochispa
5 years ago
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