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EternalEnigma21 · 04-21-2007, 06:04 PM

[quote=Schneed10;300107]

Buyers' agents only make like 1% commission from the sale, so their incentive is to not spend too much time with you, because they could be putting their efforts into selling a house which gets them 5 or 6% commission. So they'll tend to urge you to bid higher on a house you like, just to increase the chances of pushing a deal through.

It's generally a good idea not to go with the home inspector that comes recommended by the agents (either buying or selling). Those inspectors have relationships with the agents. All agents want to do is push transactions through quickly; if the inspector is willing to downplay problems with the house, it increases the chances that the transaction will go through. And if the inspector does this for the agent, the agent will feed the inspector more business. [quote]

gotta say thats some pretty wild speculation on your part...

Buyer's agent's have alot at stake, and make more than 1% on a transaction. You SHOULD always interview agents before you sign up with anyone... you can tell who is in the business for the long haul and who's out to make a quick buck. A professioal realtor will want your transaction to go as smoothly as possible and advise you as correctly as possible to meet your needs, because if you don't get referrals in the real estate business you will die...

The inspector/agent relationship conspiracy theory is pretty bogus too.... It would take one phone call to get an inspector's license jerked if it was found that he overlooks something on a transaction on purpose... or that he consistantly misses things. Walk with your inspector no matter what they say and look over his report. Make sure it is thourough.

If you're in northern VA, WV, or MD I can give you a guy who is amazing. Also, buyer's agents are more useful if you're not sure about title research and things like that. You can get into a world of hurt if someone who knows the biz is set against you and you don't have someone representing your interests... knowledge is key in transactions consisting of HUNDREDS OF THOUSANDS OF DOLLARS OF YOUR MONEY!!!

04-21-2007, 06:04 PM	#26
EternalEnigma21 Assistant Regional Mod Join Date: Mar 2005 Location: Carbondale CO Age: 45 Posts: 2,958	Re: Real Estate Advice [quote=Schneed10;300107] Buyers' agents only make like 1% commission from the sale, so their incentive is to not spend too much time with you, because they could be putting their efforts into selling a house which gets them 5 or 6% commission. So they'll tend to urge you to bid higher on a house you like, just to increase the chances of pushing a deal through. It's generally a good idea not to go with the home inspector that comes recommended by the agents (either buying or selling). Those inspectors have relationships with the agents. All agents want to do is push transactions through quickly; if the inspector is willing to downplay problems with the house, it increases the chances that the transaction will go through. And if the inspector does this for the agent, the agent will feed the inspector more business. [quote] gotta say thats some pretty wild speculation on your part... Buyer's agent's have alot at stake, and make more than 1% on a transaction. You SHOULD always interview agents before you sign up with anyone... you can tell who is in the business for the long haul and who's out to make a quick buck. A professioal realtor will want your transaction to go as smoothly as possible and advise you as correctly as possible to meet your needs, because if you don't get referrals in the real estate business you will die... The inspector/agent relationship conspiracy theory is pretty bogus too.... It would take one phone call to get an inspector's license jerked if it was found that he overlooks something on a transaction on purpose... or that he consistantly misses things. Walk with your inspector no matter what they say and look over his report. Make sure it is thourough. If you're in northern VA, WV, or MD I can give you a guy who is amazing. Also, buyer's agents are more useful if you're not sure about title research and things like that. You can get into a world of hurt if someone who knows the biz is set against you and you don't have someone representing your interests... knowledge is key in transactions consisting of HUNDREDS OF THOUSANDS OF DOLLARS OF YOUR MONEY!!! __________________ I am the brute squad.