Should I get a buyers agent when buying a house?
Did anyone have any experience with this?
I just had a bad experience with an real estate agent when I said I wasn’t going to bid on a house because it was overpriced. She started arguing with me.
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Since the seller pays for the Realtor fees why wouldn’t you want an advocate to look after your best interests. Just don’t sing a buyer’s agent agreement.
Don’t base your opinion of our profession on one overzealous individual, there are many agents out there that although in the business to make money are there to genuinely help consumers and really enjoy what they are doing. Try another.
maybe she wasn’t arguing with you. Since she is the professional, maybe she knows the market better than you. Maybe she was just trying to point out all the features the home has that you didn’t know about. Anyway, to answer your question, yes…..you absolutely need a realtor. And along with a Realtor, comes advice….that’s what they are trained and paid to do.
To answer your first question; Yes, you should get a buyers agent. You should have someone looking out for your interest in this transaction. The sellers agent is looking out for the seller. By law, they can not do anyting to help you and hurt the seller. The great thing is that you can get a buyers agent and not pay them. Whether you get a buyers agent or not, the same commission is paid on the sales. If you don’t get one, the sellers agent takes all the money. If you get a buyers agent they split the commission.
I asssume that your experience was with a sellers agent who got upset because you didn’t buy the house. This sounds like someone who needs to get a new job. Maybe this was a blessing in that you will now get someone who will work for you.
I am a Realtor in Michigan. If you do not have a buyers agent it could really hurt you. Even if a listing agent shows you the home, they work for the seller. Anything you say can be relayed to the sellers. A buyers agent is looking out for your best interests. Even if I disagree with my clients choice of an offer I will present it and go from there. I work for my clients. Just remember not all people are the same. Even though you got one bad Realtor we are all not the same.
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Yes, you should — but you shouldn’t be charged to have a buyer’s agent. Being a buyer’s agent just means that they will be your advocate in any transaction that may occur. The agent will still receive only their percentage of any commission that is in place on a given listing. That is always paid by the Seller because it is the seller who signs the listing contract. The only thing that gets crazy is when you happen to choose a buyer’s agent who ends up being the listing agent (or the listing is from his/her office) on the home you want to purchase; at that point, the agent becomes a dual agent and is legally bound to protect both sides in any subsequent transaction. Only you will know if you feel comfortable that the agent is capable of being honest and looking out for the best interest of both seller and buyer. The agent who argued with you when you stated that you felt that a listing was ‘overpriced’ was foolish to do that. He/she could respectfully disagree with you because they truly feel you are wrong, but there would never be justification to commence an argument. Instead, he/she could tell you that while they feel the home is priced correctly, they would be happy to hear what your offer would be for the home. They are legally bound to present ALL offers to a seller, no matter how wrong they think the bid may be. Sellers always have the right to counteroffer and should be aware that they will sometimes have to tolerate absolutely insulting offers! Seller’s agents should prepare sellers for that possibility. On the other hand, there are sellers who have had homes for sale for longer periods of time who are ready to move on and will entertain ANY offer. There’s nothing to lose by bidding low at the beginning — particularly now that the market has cooled and it is a buyer’s market. After all, you can always bid higher if you decide you are really interested in the house. But to get back to the question — don’t let one bad experience with an agent deter you from finding another who you feel more comfortable with. I have a buyer’s agent right now who I would consider to be a friend she’s been so great with my husband and I. It has helped knock down our stress level to know she’s just a phone call away and will help us find solutions to the little ’stuff’ that comes up while purchasing a new home.
Buyer’s agent is always a good idea, as you want a realtor working for you, not the seller. Just make sure in your state that you are not paying the commission. Most states are now set up for the buyers agent commission to be paid from the sellers commission, but not all.
Because a home is overpriced doesnt mean you shouldnt bid on it. Offer what you think it is worth. The asking price is irrelevant. A home is only worth what the market will bear, and in today’s market many sellers will entertain a much lower % of asking than they would have 2 years ago.
It doesnt cost you anything, all the time is spent by your agent, and all they can say is no.