Deleted
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Post by Deleted on Nov 12, 2015 0:23:17 GMT
We've never bought a house before, and I've done a lot of research, but am wondering about the "people" part - and I can't find a good answer to this.
Okay, so you meet a realtor, because you've made an appt to see a house, or called someone and told them you are looking.
Can you, sort of, "interview" this person before you agree to work with them? Is it an informal relationship or is there something in writing?
I'm wondering how it goes if we meet someone and there are deal breakers: eg., not listening, flakey, not responsive, a nose picker, you get the idea. I am low on patience for unprofessional behavior (as most of us are, I'm sure), and I want someone who knows what they're doing, because we are pretty green.
I've seen a lot of problem realtor threads, but I only read the OPs because it didn't apply to me then. Can you make any suggestions about things that have worked for you?
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georgiapea
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Jun 27, 2014 18:02:10 GMT
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Post by georgiapea on Nov 12, 2015 0:33:35 GMT
You can look at the houses that this realtor shows you and go on to see houses shown by other realtors. However if you like the first realtor and want them to be 'YOUR' realtor, you can let them know that you will be asking to be shown houses you happen to see for sale signs for or that you see on realtor.com or zillow.
Generally realtors try to sell the houses they have listed because their commission is higher. You want to be able to work with someone that will show you houses that meet your needs, not just what they have in inventory.
Have fun shopping for your new home.
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Post by cadoodlebug on Nov 12, 2015 0:38:33 GMT
Some realtors will try to get you to sign a buyer/broker agreement. DH has been a realtor/broker for 37 years and has never had a client sign one. You can interview several agents or just call one that has been referred to you by a friend. 95% of DH's business is past client or referrals from past clients. If you work with one for a day and for whatever reason you don't mesh, just be honest and let them know.
ETA: Also, the new normal with lots of young agents is to have their clients go through open houses and when they find one they like, the agent writes it up. Find an agent who is actually going to work FOR YOU!!
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Deleted
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Post by Deleted on Nov 12, 2015 1:01:26 GMT
If you are looking in a particular area or neighborhood, find someone who specializes in that area - in other words, if you are looking in Town A, a Realtor who mainly has homes in Town B isn't your best choice. (Yes, I realize that any Realtor can sell a home or may know any area, but my experience has been that when buying or selling, it's best to find someone who really focuses on an area, especially in a fast market)
Don't use family or friend. Just don't.
Also, my experience (so don't shoot me if it's not your experience) is that newer Realtors are usually doing open houses, often subbing for a more experienced Realtor when they have either multiple listings going on the same day or want to help a newer Realtor get clients. This isn't necessarily a bad thing, but you may find they are less experienced if that is the case.
It used to be that you were almost 100% dependent on your Realtor to bring prospective listings to you but in this day and age, I think clients find homes and ask to see them. However, if it's a really hot market, look for a Realtor who reviews listings as soon as they arrive in their office so that they can get a jump on seeing the house. One of our homes sold because a Realtor saw it be faxed into the office and knew it was what her client wanted. She had them at our home within 2 HOURS of us signing the paperwork to list it. She was really taking care of her clients by staying on top of new listings.
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Post by txdancermom on Nov 12, 2015 1:05:36 GMT
My only experience with realtors is in selling a property, and I interviewed 2 realtors, and went with my gut feeling that one was better than the other, although she took a higher commission. My bet paid off, she sold the property for me within 90 days of listing it, for slightly less than our asking price. she also helped oversee some fix-up of the property since I was in another city.
for buying, would think you could do the same, interview agents before you have them take you to see properties, do you feel like they are listening to what you want, and are motivated to find "the" property for you?
good luck
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Post by bc2ca on Nov 12, 2015 1:19:12 GMT
Not sure if this is the same everywhere, but when we moved to CA I was working with a Zip Realty agent. I loved their website and wanted to do most of the legwork on my own. The one thing that she asked was to always let anyone at an open house know she represented me otherwise if we ended up buying something I saw first without her, she could be out her commission.
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GiantsFan
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Jun 27, 2014 14:44:56 GMT
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Post by GiantsFan on Nov 12, 2015 1:43:57 GMT
Yes, interview. Go to open houses and who is out there to get an idea of what you are looking for.
We met our first Realtor when we went to a random open house. Both DH and I liked her. She ended up working with us and handled the paper work when we finally bought. She also handled the sale of DH's house. She had retired by the time we sold that house. DH and I each interviewed a Realtor. So glad we did. The one I picked (and was recommended) from the moment I shook hands I did not like her.
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Post by littlemama on Nov 12, 2015 1:56:26 GMT
Make sure the realtor suits your personality and understands what you want in your house and is willing to put in the work to find it for you. When our realtor showed us our current (and only) home, we walked through, he looked at us and said "Well, if this isn't exactly what you're looking for, we haven't been communicating properly" He was right. It was the one. We had looked at more than a dozen homes over two or three weekends. This place was out of our preferred location, but not too far. We love the area, we love our home.
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Post by cadoodlebug on Nov 12, 2015 2:26:58 GMT
Not sure if this is the same everywhere, but when we moved to CA I was working with a Zip Realty agent. I loved their website and wanted to do most of the legwork on my own. The one thing that she asked was to always let anyone at an open house know she represented me otherwise if we ended up buying something I saw first without her, she could be out her commission.I have found that only to be true in new home developments where you have to sign your client in. Plenty of people come through DH's open house and don't say squat about whether they are working with an agent or not. It's a NICE thing to do but not a have-to-do.
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perumbula
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Jun 26, 2014 18:51:17 GMT
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Post by perumbula on Nov 12, 2015 3:16:56 GMT
Not sure if this is the same everywhere, but when we moved to CA I was working with a Zip Realty agent. I loved their website and wanted to do most of the legwork on my own. The one thing that she asked was to always let anyone at an open house know she represented me otherwise if we ended up buying something I saw first without her, she could be out her commission.I have found that only to be true in new home developments where you have to sign your client in. Plenty of people come through DH's open house and don't say squat about whether they are working with an agent or not. It's a NICE thing to do but not a have-to-do. I think she means that if you're talking to a realtor at an open house and they offer to show you something else similar that realtor would get the commission instead of the one that had been working with you all along. Open houses work differently. They don't count as a regular showing. You don't have to sign an agreement to work with anyone. It's fine to not do so and most realtors will do their best for you without one. What the signed representation agreement gets you as a buyer is the realtor is held by law to keep whatever you tell them confidential. Any bargaining positions you have, like how high you are willing to go, what your down is, how badly you want the house, etc. they can't share with anyone. Other than that, it's pretty similar on your side. (There are a few protections for the agent, too, which is why most of them like to have clients sign one.) If you decide not to sign a rep agreement with an agent, don't share anything you don't want sellers to know about you. Your agent may still choose to keep things confidential, but they don't have to without that piece of paper. (I'm just finishing my last week of real estate school and that piece of paper and what it means is drilled into our heads. ) If you want a good agent, go interview. You don't have to choose one that's showing a house you like. Ask your friends who they have used and who they like. Word of mouth is how most agents get their business. You could also call a loan officer or a title company escrow officer and ask them who they recommend. They work with agents every day and they can tell you who the flakes are and who will follow through with you. ETA: don't worry about the professionals only recommending someone to get a kick back. Those are illegal. If they recommend someone it should be someone good. I still suggest you interview a few before you choose.
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Post by crazy4scraps on Nov 12, 2015 5:35:22 GMT
Ask for referrals from people you know and trust. Find someone whose goals mesh with yours and who is willing to work for you.
When we were house hunting, we originally had the friend that sold his mom's house helping us, but we were considering many options including short sales, foreclosures and fixer uppers and he wasn't really interested in having to jump through all the hoops that some of those houses would have required, and he had NO interest in showing us anything from Thanksgiving through New Years which I didn't understand. I realize that a lot of people don't want their houses listed over the holidays, but we were motivated buyers with cash in hand and we wanted to MOVE. We changed realtors to someone DH knew for years before who was more interested in working for us, and that was who ended up getting the commission.
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Kerri W
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Jun 25, 2014 20:31:44 GMT
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Post by Kerri W on Nov 12, 2015 10:24:44 GMT
Interview and see whose personality matches yours.
Pick somebody who has done a lot of work in the area you wish to buy.
Choose a realtor and stick with them. Barring any bad experience, etc of course. Don't call multiple agents to each show you one house. When you don't choose ONE realtor to represent you, there isn't anybody looking out for YOUR best interest. You're going to get their left over effort after their committed clients.
Choose a full time agent. You wouldn't go to a part time professional for most other transactions (doctor, lawyer, etc). You'll be making one of the largest investments of your life so choose somebody who takes it seriously.
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msliz
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Jun 26, 2014 21:32:34 GMT
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Post by msliz on Nov 12, 2015 13:17:04 GMT
There's a realtor in my area that has a nice thing going for himself. He promises his potential clients the moon and the stars in order to get the listing. He prices it for way over what it's worth, and then after it sits for half the year the sellers have to "settle" for the market value where it should have been priced in the first place. He's slimey, but he gets a ton of listings that way! It's the seller's time, and money. Why should he care?
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Deleted
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Post by Deleted on Nov 12, 2015 13:43:27 GMT
Thank you for all the advice - this is the detail websites don't delve into much, and exactly what I was looking for.
We're excited and scared, working on getting a preapproval before we even talk to an agent, but I know it can happen suddenly and I wanted us to be prepared.
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Post by whopea on Nov 12, 2015 14:52:42 GMT
I pretty much agree with everything BF said. Ask for a referral in the neighborhood(s) you want to live in. Don't necessarily go with the top realtor at the top firm. They may be on top because they're awesome, but they may also be on top because they're a listing machine and have underlings doing all the legwork for them.
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Deleted
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Post by Deleted on Nov 12, 2015 15:15:52 GMT
Also, when asking friends and family for recommendations, ask them how do they know that realtor. And meet that realtor before using them like go to one of their open houses. We met with a realtor that my parents knew from high school and had used in their dealings. We didn't like her. She talked to us like we were teenagers (I was in my early 30s). She said we were better off selling our house for $25K less than what we wanted. We went with someone else and got asking price.
Now I watch different agents to see whose houses are selling quickly and whose are sitting on the market for a long time. There are several houses in my neighborhood for sale, including the one just a couple doors down. I'm kinda watching to see how actively their agent is pushing the house.
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Post by cadoodlebug on Nov 12, 2015 16:07:01 GMT
Also, when asking friends and family for recommendations, ask them how do they know that realtor. And meet that realtor before using them like go to one of their open houses. We met with a realtor that my parents knew from high school and had used in their dealings. We didn't like her. She talked to us like we were teenagers (I was in my early 30s). She said we were better off selling our house for $25K less than what we wanted. We went with someone else and got asking price. Now I watch different agents to see whose houses are selling quickly and whose are sitting on the market for a long time. There are several houses in my neighborhood for sale, including the one just a couple doors down. I'm kinda watching to see how actively their agent is pushing the house. Sometimes that isn't the fault of the agent. It could be the house, it could be sellers who aren't reasonable, etc. And sometimes a house will sell quickly because the agent listed it too low. Lots of factors to consider.
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Post by jeremysgirl on Nov 12, 2015 16:27:45 GMT
My loan officer (who I had worked with in a previous job and had a good relationship with) recommended our realtor. He had worked with him many times before and came highly recommended.
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anniebeth24
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Post by anniebeth24 on Nov 12, 2015 16:44:18 GMT
I definitely agree with those who recommend finding someone who specializes in the specific area you are seeking.
We were searching from another state and only had a weekend visit to actually see homes. We weren't really familiar with the area and used a friend of a friend. She knew the one community very well, but knew very little about the other one we liked. For example, she didn't even know that the school district crossed county lines and was only looking at one county's listings, not searching by school district.
If you've got specific areas narrowed down, I'd do at least a phone interview with a few. Ask how many listings and sold homes he/she has in that particular area. A quick chat will let you know if your personalities mesh, too. Some are pretty slick salespeople, others are honest people who just love the industry.
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Post by khaleesi on Nov 12, 2015 17:13:07 GMT
Thank you for all the advice - this is the detail websites don't delve into much, and exactly what I was looking for. We're excited and scared, working on getting a preapproval before we even talk to an agent, but I know it can happen suddenly and I wanted us to be prepared. While working on your pre-approval I would start looking for and interviewing prospective agents. Let them know what you are working on and they may have some referrals for you as far as who to work with for pre-approvals (if, for example, you didn't want to go through your personal bank). I will echo what many said and you'll know when you find someone you click with. We just bought and sold this year and we found our realtor from the house we wanted to buy. We had done some casual looking online as we were calling 2015 the year of getting ready for the big move. We hadn't started looking for a realtor or anything. Then we saw our house online and knew it was the one barring anything major. We contacted the listing agent and we immediately clicked with him as soon as we met him. He's been an amazing person to work with and someone we now consider a friend. He helped us navigate the home buying process (I never knew it would be so smooth) and worked with us to sell our existing house (there was drama but it wasn't his doing!) and we have referred several others to him. He also referred us to the lender we used to get our pre-approval. It was another thing when we met the loan officer that we instantly clicked. Don't rule out your realtors referrals to lenders as well. Good luck!
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Deleted
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Post by Deleted on Nov 12, 2015 17:17:58 GMT
Also, when asking friends and family for recommendations, ask them how do they know that realtor. And meet that realtor before using them like go to one of their open houses. We met with a realtor that my parents knew from high school and had used in their dealings. We didn't like her. She talked to us like we were teenagers (I was in my early 30s). She said we were better off selling our house for $25K less than what we wanted. We went with someone else and got asking price. Now I watch different agents to see whose houses are selling quickly and whose are sitting on the market for a long time. There are several houses in my neighborhood for sale, including the one just a couple doors down. I'm kinda watching to see how actively their agent is pushing the house. Sometimes that isn't the fault of the agent. It could be the house, it could be sellers who aren't reasonable, etc. And sometimes a house will sell quickly because the agent listed it too low. Lots of factors to consider. No, but when a pattern emerges, sometimes the agent is the common denominator. Our last agent was flaky. We already know we want to sell in a few years. I'm watching names that I see the most often. There's one who has a lot of houses that take almost a year to sell, including in a high demand neighborhood. I'm starting to think she lists and runs.
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Post by ilikepink on Nov 12, 2015 17:40:16 GMT
My plan had been to buy a house much sooner here than what happened. I mentioned to a friend I'd be looking and she recommended her realtor. I met with her, and although she seemed a bit "out there", I liked her. There were a few we looked at, and then I had to back out (money from XH wasn't coming through). We went through this 3 times before I was really ready to buy - and she stuck with me through that flakiness. Because I'd never done this on my own before, I needed someone good at hand-holding, and she was great! She also recommended a mortgage broker who was good at holding my hand. (I will never, ever buy another house. Don't want to go through that again!)
I recommend someone who works in the area you are looking and someone you get along with - makes the whole process so much easier.
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