Buying a house with out a realty agent?
Posted on November 29th, 2009 by admin
I’m trying to help my mother-in-law buy a house. I’m skeptical about realty agents because the one I used when I bought my house seemed too shady.
He talked me into something that was more expensive than I wanted just so he could make a higher commission. I like my house, but it wasn’t my first choice. The realtor seemed like he was refusing to show me cheaper properties. He also evaded certain questions. I was signed into a contract with him so I couldn’t change my mind about dealing with him.
My mother-in-law is easily sold on things and I don’t want her to get ripped off.
Has anyone reading this ever bought a house without using a realty agent. What the advantages and disadvantages of doing that? and do you have any regrets?
I’ve had my house for over four years now, so there’s no point in telling me what I SHOULD have done with my agent. "Live and learn" is a natural part of life.
You’re under no obligation to sign an agreement with an agent when you’re buying. And if I did have a contract with one who was not following MY instructions, I’d tell him to take a hike, contract or not!
Unfortunately if you’re looking at a house being sold by an agent, there’s no way to buy without dealing at least with that agent. And it would be a potential conflict of interest to deal with that agent so you really should find one of your own to work with.
You can buy a property being sold directly by the owner without an agent, but you’ll need an attorney to look things over and make sure that the deal is properly structured and legal. That’s always a wise idea anyway, even if you do have an agent.
Join Tara as she interviews Jackie Nordstrom from Colorado Real Estate Associates. Find out how Jackie accidentally became an important part of Colorado ’s real estate community. Also find inside insight into today’s housing market; after the bubble burst.
What should an agent do before listing your house? They should make multiple visits to the house and create a market analysis. Good agents will give tips on how to improve the marketability and enhance the house for sale. Real estate agents should discuss the location, condition and give other tips and recommendations. Watch this Expert Real Estate segment for more information on what real estate agents should do to prepare a house for sale.
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