I have not yet hired a buyer's agent, but have gone around to new contruction locations to view the model homes. I want to revisit one of the locations that I've previously visited because I think I'm really interested in purchasing a home there.
On my first visit, I've already spoken with the seller agent and I just told her I was looking around. Now I want to go back and look again.
I'm worried that if I hire a buyer's agent after the second visit, that they will not be willing to pay the buyer's agent commission. Do I have something to be worried about?
Should I just tell her I already have a buyers agent, but Im here on my own? Please tell me what you think.
Thanks!
2007-02-09 12:11:01 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You should be fine. Most new neighborhoods do say that your agent must accompany you on your first visit in order to be paid a commission, but the alternative is that you walk away. They will not let a sale get away over the commission. After you select you agent, let them talk to the site agent and I'm sure they will be OK with paying the commission.
2007-02-09 12:24:25 · answer #1 · answered by Scott B 3 · 1⤊ 0⤋
First of all, I'm glad you're thinking of hiring a Buyer's agent. It wasn't that long ago when all real estate agents worked for the seller - as does the agent in the development you spoke to. You have the same rights as the seller; the right to be represented by a professional and to have the professional negotiate on your behalf. If the seller's agent told you they wouldn't pay a buyer's bonus if you hired a buyer's agent, I'd worry about that agent's credibility. Most builders don't care who sells their homes, as long as they get sold! The agent you spoke with may have had "commission breath". Furthermore, if it is true that the builder is unwilling to pay the buyer bonus for using another Realtor, you should hire a Realtor to represent you and to negotiate the buyer's bonus. This kind of shady practice is proof that you need to be protected.
2007-02-13 10:19:01 · answer #2 · answered by Jay S 3 · 0⤊ 0⤋
Go back there but make it a point to mention that you have a buyer's agent but you did not bring him with you as you were just passing by, and get the seller's agent's card and promise to have your buyer's agent contact the seller's agent soon. This way if you are interested your agent will get a commission otherwise he will end up getting nothing and will probably demand his share from you.
Your welcome.
2007-02-09 12:16:17 · answer #3 · answered by Akbar B 6 · 1⤊ 0⤋
Explain to that agent you want your own representation. She will pay the agent, or not sell the house. Half the pie is better than none. She may bluff at first, but trust me she will pay to sell.
2007-02-09 12:22:21 · answer #4 · answered by frankie b 5 · 1⤊ 0⤋
Wait until the fall to purchase a home. Home prices are going way down, unless you live near miami, or southern Cal. More than likely you are going to owe more for your home, than your home will be worth. It could be two years before you break even. With the economy shaky right now, and a new president soon to be in office, i would hold off on getting a new home right now. Home prices are going to becoming wayyyy down.... bol
2007-02-09 12:16:39 · answer #5 · answered by TheDiciple 2 · 0⤊ 0⤋
Your on the border - you need to mention it i would say - if you intend to play that card - if you go back and look more with the selling agent - they will assume they have both sides of it
housebuz
2007-02-09 14:11:15 · answer #6 · answered by Paul L 1 · 0⤊ 0⤋
wen you purcse a house, the fee it paid by the seller "Vendor" and not you
2007-02-09 12:15:08 · answer #7 · answered by gangico 3 · 0⤊ 0⤋