Well, unless you completely trust the agent, none of them represent you only. As you say the selling agent gets a cut of the commission, they get more if you buy it for more.
Sometimes the selling agent will tell the seller to hold out for more so they can get a better commission if a 2nd agent comes in. Bottom line: if you like the house, check what other houses in the area are selling for. You can do this via the PVA's office, and get an appraisal. The offer process can take a couple of hours or can take a week. However both parties must agree on the closing date. Put in your offer that the house must have a satisfactory home inspection, and that the seller will correct any problems found. > -----Original Message----- > From: Robert Munn [mailto:[EMAIL PROTECTED] > Sent: Tuesday, December 13, 2005 12:23 AM > To: CF-Community > Subject: Re: How much to offer for a house? > > Cute house! I love those Victorians. > > As the husband of a realtor, my totally non-professional opinion is to > forget about the listing agent and find an agent to work with you as a > buyer's agent. That means they represent you, not the seller. Realtors > fees come out of the sale of the home- the seller's pocket, not yours. If > you have your own agent, the listing agent and your agent split the > commission on the home sale. If you don't have your own agent, the listing > agent gets the whole commission, and really never represents your best > interests the same way a buyer's agent can. > > Finding an agent can be hit or miss. Passing the licensing exam usually > isn't difficult, so you get a lot of not so professional folks who try it > out before they figure out that it's actually a pretty tough way to make a > good living. If you know people who own homes in the local market, ask > them what they thought of their agents. Find someone who does it full > time as a career and has experience representing buyers. > > As far as what to offer, that's something to go over with your agent. They > know the market and will be in a position to help you understand what > offers will be taken seriously and what will not. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:187513 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
