with how many real estate agents do you work with for buying a home before you finally find the perfect one?

Question

Also How much less than the listing price do we need to ask the seller.and how can we know if our agentis towards the seller.

Answer 1

You will have to go with your gut a lot. My husband and I are currently in the middle of the process ourselves. We have the inspection on Friday and closing is at the end of this month. We went to a lot of open houses and got a feel for different agents. Most of them seemed quite fake and I knew I would not be able to work with them. Finally, we found one who seemed real and who didn't make me feel like I was being harassed all the time. Again, just go with your gut. That's what we did. You'll choose correctly. Just make sure you're comfortable throughout the whole process. Ask every question you can think of and do not be ashamed of it!!

As far as telling if your agent is for the seller, again, go with your gut. You'll get a good feeling. Our agent was also the seller's agent and I felt she was for him sometimes. I called her on it, but in a tactful way.

Now, for the original offer. Take a look at things that need to be done in the house. Keep a running total of things you will HAVE TO DO before you'll even move into the home. This will help with the offer. Also, find out what the seller paid and when. We did this through our county assessor's office. Additionally, look at the value of that house and others in the area. Again, through the assessor's office. Another thing to consider is at what price other houses in the neighborhood/immediate area are selling.

The best thing I can tell you is to go with your gut. I'm a huge worrier by nature, but this process has been surprisingly calm. I think the main reasons for that are that I educated myself through asking questions and I always went with my gut. I came into this house hunting process promising myself I would not feel like I was losing. I came into it to win and I looked at it like a business deal. This probably sounds silly, but that's what it took to keep me sane!!!

Best of luck to you!

Answer 2

I'm a Realtor and I understand what you mean. First of all, I can't tell you what to do but I can recommend you pick one buyer agent and stick with that agent. That way you can from a relationship with that agent. When I get to know my buyers I understand them more and what will make them happy.
Question 1: Usually listing prices are marked up 10-20%, so make an offer in that range. If they don't accept your terms then make an offer a little less then the listed price and for the seller to pay buyer's closing cost (this can save you around 1.5-3% of the purchase price). I provide my buyers a Buyer's CMA and with all tax records and property history of the houses they want to look deeper into. Please note that no two CMAs are the same.
Question 2: The listing agent is bound by law to act in the best interest of the seller. The buyer agent is more interested in the buyer, so basically the agent will be loyal to their client.
I wish you luck and happy house hunting.

Answer 3

We only worked with one agent when we bought our home. We wound up with a different agent than the seller had, which is what I recommend if you're worried about an agent being skewed toward the seller. I wouldn't worry about that too much though. Studies show than most real estate agents will sell someone else's home for quite a bit less than they'd sell the home if it were their own simply because they'd rather have a slightly smaller commission now than a larger one later.

In addition having two different real estate agents (a buyer's agent and a seller's agent) shouldn't really change the price you pay for the home. Typically real estate agents get a 6% commission if they list and sell it. If two agents are involved, they generally split that same 6%.

As for what to offer for the home, the price they paid for it is, in most places, public record. Many county auditors post the sales prices of homes on their websites. Find out what they paid for it (or even what other comparable homes in the area went for) then begin making your offer decisions there. Good luck house hunting!

Answer 4

You need to work with several at once. The reason why is they spit the market and do not cross list the MLS's and yes there are several MLS's listing . Just make sure they are not from the same place or broker.

As a buyer I sure you would want to see all that is for sale if you can not you have have to ask what els is be hidden from you? Also have several MLS's this does short the market and thus drive up prices.

Check out this web site.
http://www.breakingbubble.com/

Answer 5

A realestate agent works on comission and wants to get you the best deal, They put a lot of effort in to finding you a home. Don't keep bouncing around from one to the other because this is their job and most of them are trying to make a good deal for you. They are working on a comission and want to make a sale, but they also want you to get the best deal.

Answer 6

you try to stay with one because if you have more than one they get some percent amount of money from the total house's price .
that increases the price.

Answer 7

Better go with one..