I have a hard time understanding where the agent's interest is when they will essentially make more based on how much you buy. Are they looking for a house for you or for their pocket. Also do they care if you are really on a budget. They may not even want to tell you the bad points of a deal. Essentially who's interest are they representing.
2006-10-18 07:46:42 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Real estate agents don't get paid until the deal closes, regardless of how much effort they put into it. Therefore, it's in their best interests to "close the deal" as soon as possible even if there's another property out there that you might like better or if you could get more $$ for your house.
2006-10-18 08:28:55 · answer #1 · answered by HoyaHorns 2 · 0⤊ 0⤋
Many real estate agents are motivated by the commission and a quick sale. An home that easily to show or have little to no blimishes. That is priced right or below assessment. I have a hard time trusting many agents. I have had a couple who I have tried to get to sell my existing home. When an agent has to work hard to sell a property they get discouraged at look at other deals. Dont mention a property you are interested to an agent unless you can trust him/her. They might just sell it to someone else if you are indecisive or have other factors such as an financing or a existing home that you need to sell first. Because that agent might know the the seller are not willing to except a contingency and market your find to someone else.
2006-10-18 08:19:00 · answer #2 · answered by nikki h 1 · 1⤊ 0⤋
Real Estate is a business like any other. There are 'Buyer's Agents' and 'Seller's Agents'. If you are dealing with the Seller's Agent, then they are being paid to represent the other guy...not you. Ensure you are not trying to 'get off cheap' by just using the Seller's agent. That said, the previous advice is very sound. You should research your Real Estate agent completely...after all, this is the largest purchase most people make in their lifetimes. Isn't it worth a little extra effort to ensure you are happy with it?
2006-10-18 08:14:32 · answer #3 · answered by Pirsq 2 · 1⤊ 0⤋
They are paid a percentage of the sale value of the house no matter how long it takes them to sell.
Therefore the more they convince you to buy, the better off they are, and the faster they convince you to buy the better off they are. Now this isn't true for all agents, but a huge proportion are agents who are only in the game for a few years, and having repeat customers isn't important to them.
Go with an experienced professional who has many repeat clients.
2006-10-18 07:51:59 · answer #4 · answered by Anonymous · 1⤊ 0⤋
My Mom was a Realtor and I don't think she's a liar, but I'm biased.
To your question. Do your research before selecting an agent. Recommendation from good friends or family members is a good place. Be FIRM when telling the Realtor your price range. They can't put you in a house you can't afford with you allowing them to do so.
Be sure to get a home inspection from a THIRD-PARTY (someone YOU select - not the realtor).
Good Luck!
2006-10-18 08:12:32 · answer #5 · answered by Scotsman 5 · 1⤊ 0⤋
They are supposed to be representing your interests. The
problem is there are real estate agents who after the commission,
and nothing more. Of course, not all of them are like that.
Check out the links I posted as well.
2006-10-18 08:01:59 · answer #6 · answered by Answerer17 6 · 0⤊ 0⤋
Technically the realtor must look out for your best interest- I believe this is in the contract. So if you have hard evidence that this is not the case, you may be able to sue them.
2006-10-18 07:57:52 · answer #7 · answered by Cardinal Rule 3 · 0⤊ 0⤋
You're confusing them with car salesmen. I've never had a serious problem with a RE agent -- aside from a couple of lazy ones along the way.
2006-10-18 08:47:04 · answer #8 · answered by Bostonian In MO 7 · 1⤊ 1⤋
Maybe some have perpetuated by stereotype by being conniving, cunning liars.
2006-10-18 07:53:58 · answer #9 · answered by DB Cash 4 · 0⤊ 0⤋
As with any professional service, it just depends on who you work with. There are a few bad apples in every bunch...
2006-10-18 10:10:59 · answer #10 · answered by Justin 3 · 1⤊ 0⤋