Is it in my best interest to have a seperate real estate agent for the process of selling my home and a seperate agent for buying my next home.
2007-02-21 08:49:43 · 4 answers · asked by chatter 2 in Business & Finance ➔ Renting & Real Estate
If you use one real estate agent you can request a discount off the percent they charge you. They will also have an understanding of your needs and your wants instead of involving more than one person and trying to explain it more than once.
2007-02-21 08:58:36 · answer #1 · answered by mudd_grip 4 · 1⤊ 0⤋
It will probably be in your best interest to hire the same agent to sell your home as well as purchase the new home for you. The real estate agent should give you a break on the double commission so make sure you ask what is the least commission you will charge if you are the agent for both transactions.
This way the agent will know exactly what is going on in each transaction. The fewer people involved in a transaction, normally the smoother the transaction will go.
He might already know of another place you might like.
How long have you stayed in your current home and have you considered using it as a rental, especially if the rent is equal to or more than the mortgage.
You will become a land lord, but that is not all that hard. Join the Apartment Housing Association in your area, they will assist you a lot with the stuff you will need as well as some training through monthly meetings. Just a thought.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-02-21 17:03:01 · answer #2 · answered by Skip 6 · 0⤊ 0⤋
I'm sure that will really piss off both agents. Seriously, you should use one agent because they will have a better understanding of what is going on in both transactions. When you involve too many agents things tend to have more of a chance of going wrong. You would have your selling agent, buying agent, and the selling agent of the home you are buying. Too many chances of a miscommunication.
Find one well qualified agent, and use them.
Good luck,
RE Agent,
Remax
2007-02-21 17:21:49 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋
Not necessarily. Most agents WANT to do both because they will collect double commissions. It makes sense to use the same agent because they know the needs you have and can better coordinate your move from one house to the next. This is fairly common by the way.
Also, if you use a the same agent they should work that much harder for you knowing they are getting more commission from it.
Good luck!
2007-02-21 16:58:00 · answer #4 · answered by The Drew 4 · 1⤊ 0⤋