Is it not wise to use the same real estate agent when buying and selling your home ?

Answer 1

I am not sure if wisdom is part of the equation about agent selection when you are buying/selling your house.

Think about this in an agent when buying:
* Do they listen to you? Are you asking for a 3/2 ranch and they are showing you 2 story 5 bedroom homes that are far out of your price range?

* Are they as aggresive as you are? If you want to make an offer of $20,000 under the asking price, are they going to squirm and tell you how you may be insulting the owner?

Overall, you need a comfort level of how they go about their business and how they will treat you if you haven't found a home within 2-3 houses (some agents are very pushy...and some aren't)

The reasons I might use a different agent in selling my property are:

* Do they know and understand my neighborhood? Some agents dominate a neighborhood and would immediately have a buyer for you. They know the type of customer and the neighborhood price points of what it is going to take to sell the home quickly at the highest possible price.

* The agent you used to buy your house may not be ideal to sell your house in that your pricing may not get their attention. If they are used to selling lake houses and you have a starter home, they may not be your best bet.

That is not to say that you couldn't use the same agent. You just need to give some thought to it. Talk to your current agent as well as a couple of others. Don't get distracted by people who say they can get you tens of thousands more than houses are going for in your area.

Stay clear of agents who don't ask you alot of questions about selling your house. They want your listing as a tool to get buyers in general. Selling your house is just a bonus and if it doesn't happen, no big deal.

Answer 2

No, it's like using the same lawyer as the other party to close on the house, it's a "Conflict of interest". I guess it could be done but, I refuse to use real estate agents, if I do, I automatically take 6% off the asking price, let the other guy pay the real estate jerk, I don't need him.

Answer 3

I would suggest using the same agent for both transactions, having one agent who knows what is going on is better than having 2 with no clue. And that's what yo will end up with if you use two separate agents. Also you may be able to negotiate your commission better on the sale if you plan on using one Realtor for both transactions.
In short it is best just to have one person involved.
Re agent,
Remax

Answer 4

Realtors are held to high standards. They have to disclose everything. I wouldn't be afraid to have one realtor do both.