2006-11-20 06:04:12 · 12 answers · asked by huff4423 1 in Business & Finance ➔ Renting & Real Estate
Stop by and look around. No agent needed!
2006-11-20 06:23:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No you do not need an agent to go to open houses. what I would suggest is to game plan. Get as much information about the house as possible when you attend the open house. Style, Age any updates so that you can compare. Also if you have not been pre-qualified for a mortgage that is also a good step. This will help you in the buying process it will give you buying power which will allow you to buy the house lower than the asking price. And also if you are not working with an agent yet when you select an agent the treatment you will recieve will be 100% better. Knowing that your potential client is pre-qualified is the second best news a real estate agent can hear. The first is when the closing happens. If you have not been pre-qualified feel free to log onto http://www.justgetaloan.net We have been able to assist our clients with finding the best loan program to fit their needs with low rate great terms and service. Also you can contact me direct Jenold Freeman 866 530 7300 my direct ext is 7305 or by email at jfreeman@justgetaloan.net
2006-11-20 14:57:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can definitely go without an agent. Usually it is impossible to coordinate the schedule of your agent and an open house schedule of a house you are interested in seeing. Often the agent showing the house will ask you if you are being represented by an agent already (that way if you are not they can try to snag you as a potential buyer for themselves).
And if you see a house you are interested in, you can go back to your agent and see if they can arrange a time for you to go back with them. This way your realtor can also check out the property,. They may have insight about a few things that the seller's realtor didn't reveal.
My husband and I did just that and found out through our realtor that the person who had built the house was known in the area for cutting corners. This was something that was not shared with us by the seller's realtor at the open house.
2006-11-20 14:24:57 · answer #3 · answered by amyann16 3 · 0⤊ 0⤋
An Open House is just that--Open. If you do have an agent then by all means take them with you. If you like the house and want to go further then get a Buyer Agent to represent you. It doesn't cost you anything and is well worthit for peace of mind and protection.
2006-11-20 14:07:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You do not have to have an agent to go to an open house. However in the real estate world there is something known a procuring cause.which means if you decide you like a house you discovered during an open house, without an agent, you would have an issue then bringing in an agent to represent you as the seller and listing agent would not be obligated to pay any commission (the listing agent would be the procuring cause).
That in and of itself is not a huge deal, the problem is if you do want someone exclusively representing you, you have to have an buyer's agency agreement, in that agreement you agree to compensate that agent. (in MD we cannot write an offer as a buyer's agent without having a buyer's agency agreement in WRITING) USUALLY, that compensation is paid by the seller (the commission is split between listing agnet and buyer's agent). If you have already seen the house though, without your agent, it would end up being you paying that commission. So, ultimately you can go without an agent, but why not take one to protect you and your interests, if you have that agreement in place and they accompany you then the seller pays their commission and it costs you nothing...
2006-11-20 14:27:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Not only do you not have to have an agent to go to open houses, you don't actually have to have an agent to purchase a house. However, I recommend that you do unless you personally have most of the knowledge that an agent would have. But that isn't necessary until you get ready to make an offer. If you're just looking, you don't need one.
2006-11-20 14:09:02 · answer #6 · answered by christina_m_taft 3 · 0⤊ 1⤋
Those who don't are fools. Buying a house is a big ticket item. For many, its the largest investment they will ever make. They are there to ensure the process goes smooth, and to make sure your position as the buyer is protected.
Seek out a really hungry real estate agent, perhaps someone newer in the profession and who really needs the work and use that person. Why?
Because that person has the ear of their boss (principal broker) and the experience of an entire office.
Because that person has the time to spend looking for exactly the right house for you.
Because that person is hungry and will work that much harder on your behalf. Why?
Because they are seeking to build their referral business. They are seeking to build their repeat client base.
The person who is the most hungry will most likely work the hardest representing your best interest. Besides, in most states, if not all, the seller pays the commission to their realtor who in turns pays the buyers broker.
You have nothing to lose and everything to gain.
Best of luck.
2006-11-20 14:14:33 · answer #7 · answered by Ms. Balls 3 · 2⤊ 0⤋
You can definitely go w/out an agent. The agent there will usually have a sign in sheet and ask if you if you are working with someone already (so they don't step on any toes) If you are not working with anyone, they will probably try to get your contact info and see what you are looking for and try to see if they can be your agent.
2006-11-20 14:09:53 · answer #8 · answered by strtat2 5 · 1⤊ 0⤋
anyone can go to an open house. You do not need an agent.
2006-11-20 14:07:11 · answer #9 · answered by so3503 2 · 0⤊ 0⤋
An agent is not required to see an open house.
Here is some additional info. Hope this helps.
2006-11-20 15:06:36 · answer #10 · answered by Anonymous · 0⤊ 0⤋