Saturday, December 5, 2009

Buying a house - is it too late to get a Buyers' Realtor once the listing agent already showed

I am a first time homebuyer and I found a house online that I thought looked nice. I contacted the listing agent and she showed me the house. I have another appt with her to see the house again in a few days. I really like the house and think it might be the one I end up buying. The problem is that I think the listing agent has the sellers' best interests in mind; rather than mine. Would it be too late to contact a different realtor to show me the house a third time and be my buyers' realtor? Would they get a commission or does the listing agent get it when I found the house online myself? Thanks!



Buying a house - is it too late to get a Buyers' Realtor once the listing agent already showed us the house?binoculars



No, it is not too late. I would hurry up and get one, though, before someone else writes an offer on your house!! Have your new agent tell the listing agent that you've requested "ndependent representation." If the listing agent is any good, he/she will understand and just be happy to sell the place.



Buying a house - is it too late to get a Buyers' Realtor once the listing agent already showed us the house?violin opera theater



you are under no obligation to the first showing Realtor, find a Realtor you like and are comfortable with
If you haven't signed an agreement, get a buyer's agent. Let them negotiate the commission. It comes out of the proceeds from the sale. You don't have to worry about it.
It is not too late and is something you should definitely do. You are right, the listing agent is working in the seller's best interest not yours. You are entitled to get a buyer's agent to act in your best interest. The commission will be shared between both the listing and selling agents. Good Luck!
You really should get another agent. You are right, the agent is legally obligated to do everything in the sellers best interest. Your new agent will get their full commission under this circumstance. I would have the new agent call to let her know that they will be handling the situation.



The other agent will be happy to get an offer, even though the sales price will be less, so don't worry.
If you have not signed a buyer's agreement with the listing agent you are perfectly free to get your own agent. The listing agent is obligated to try to get the best price for their seller and they won't be able to tell you whether the selle would take less.



HOWEVER, in this market many listing agents will offer to share their commission with the buyer as a rebate toward closing costs (this is not illegal or unethical.) If I had the opportunity to double end the transaction (represent both buyer and seller) I'd give a percentage of my commission back to the buyer in a heartbeat.



Why don't you call the listing agent and say, "Listen, I know an agent who wants to represent me if I buy this house but since you've already shown it to me once I'd rather work with you. If you double end the transaction do you offer any special incentives for buyers to work with you?" And then shut up and let her answer.



She may say no, she may say sure. Why not ask? It might mean an extra $1000 bucks for you to bring to closing.
No, its good to have both sides. That way you don't have a biased realtor.
Almost never too late. There is a LOT more to do, once you'v seen a house. In fact, many people to their first initial search with out a realtor or agent to represent them.



You are correct in your assumption that the listing agen represents the seller's interest, although, some people trust the agent to represent, both, the seller and the buyer. This usually is the result of referrals made by previous customers. The agent who showed you the house will not be offended if you come back with your own representative. It's done all the time.

No comments:

Post a Comment

 
mobility scooter