Is It A Bad Idea To Use The Same Realtor As The Seller?

Why do Realtors not want buyers and sellers to meet?

Why is it that agents are so reluctant to let buyers and sellers get together.

Unlike most business deals, the sale of a home can get very personal and real estate agents are nervous about the parties dealing with each other.

That’s because most agents have seen what can go wrong when buyers and sellers meet directly..

How do I tell my realtor I went to someone else?

All you have to do is say that you’ve decided to go with another agent and thank him/her for his/her time and consideration. You’d be amazed at how many people never do this ..

Is it better to use the listing agent?

Many buyers think they will get a better deal on a home if they work directly with the listing agent. … He or she actually works against a buyer’s best interests. Working with the listing agent could easily cost you money. A buyer’s agent is a realtor dedicated to the interests of you, the buyer.

Is it bad to switch real estate agents?

It is possible to change real estate agents and it’s better to do it sooner rather than later to avoid wasting your time and theirs. Though it is completely possible to change agents, sometimes we aren’t even certain if the situation has reached that point.

Can a Realtor list and sell the same house?

“Agents can act as a dual agent. But you need to have the consent of both parties in writing beforehand, and the agent has to become a neutral party representing both clients,” says Mikel DeFrancesco, a top-ranked broker who’s sold over 74% more properties in Quincy, Massachusetts than the average agent.

Are dual agency is illegal in some states?

Dual agency occurs when a buyer and seller let a single real estate agent (or two agents from the same brokerage) represent them in a transaction. Dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont.

Do Realtors make more buying or selling?

Realtors get paid on a commission basis, usually 5 to 6 percent of a home’s sales price, which is split between the listing broker and buyer’s agent. Fees typically come out of the sellers’ proceeds while buyers generally pay nothing to the agent who represents them.

Can a seller back out of a contingent offer?

A seller can only back out of a contingent offer if the purchase agreement includes a contingency that authorizes the seller to terminate the contract.

Do sellers always pick the highest offer?

When it comes to buying a house, the highest offer always gets the house — right? Surprise! The answer is often “no.” Conventional wisdom might suggest that during negotiations, especially in a multiple-offer situation, the buyer who throws the most money at the seller will snag the house.

What should you not tell a Realtor when selling?

Among the things home sellers should not say, the lowest price you are willing to take is probably a no-no. “The primary thing I tell people not to discuss is the minimum price they will accept,” notes Babbitt. “When you tell your agent your lowest price, they are going to shoot for that price in the contract.

Do you tip your realtor?

You should not tip your Realtor, in any way. It is neither expected or considered the standard practice. In fact, some real estate agents say that gifts or bonuses make them uncomfortable. Tips can actually cause them extra work to ensure they stay within the law and adhere to their licensing regulations.

Can a listing agent lie about other offers?

Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. … If the seller has other offers, the listing broker usually will come back to you and ask for your best offer.

Do Realtors show houses at night?

As far as showing at night to cover something up, a buyers agent does not want to cover anything up. They want to see everything. If there is an issue with a house which was overlooked by the buyer it is likely to be discovered by the home inspector and they do their inspection in the daylight.

Does it matter what realtor I use to sell?

Long Answer, YES: Your Realtor has to market your home well enough to get the buyer to show up to your negotiation table in the first place. … If your Realtor isn’t using the most up-to-date marketing techniques then they are already wasting time and hurting your home’s value.

Can you offer 10 below asking price?

There is no hard-and-fast rule for how low you can go on a home offer, as it depends on whether you’re in a very competitive market . If your area favors buyers, you may want to start around 10% below asking—but if it favors sellers, your initial offer may have to come in well above.