Personally I beleive there is always a conflict of interest when an agent is working both sides of the transaction, no matter how hard they try to be objective.

That being said, I just had an outstanding experience purchasing a home in Pacific Beach with this realtor…

If you are looking for an outstanding broker/realtor, look no further! Whether you’re buying or selling, involved in a multi-million dollar investment partnership/group, or looking for a $350K primary residence, I have found the guy!

Gregg Whitney is at the absolute 1% top of the class.

I literally spent two weeks interviewing approximately 30 realtors and brokers from Remax, Coldwell Banker, Century 21, and many other small independent companies. My criteria was very stringent and our target location very specific (15 block radius in Pacific Beach, CA. 92109). I knew we needed someone with tons of knowledge of the area (as the homes are 1940 era), preferably growing up there. I also wanted someone with extensive real estate investment background, knowing that this type of person would be astute in negotiation tactics, understanding of property pricing points for excellent value purchases, and general financial market dynamics. Lastly, I knew I needed someone with widespread short sale and foreclosure experience considering the current market conditions. Based on my interviews you would be surprised, but 97% of realtors and brokers in the industry do NOT have these very basic skills.

In a six month time period we inspected almost 20 properties, and submitted six very “aggressive” offers. These were so aggressive that most sellers didn’t even bother to respond. The house Gregg helped us purchase was an estate sale which we closed on at a solid 10% discount. Now this may not seem like much, but in one of the most desired beach communities in San Diego, this is monumental!

Gregg’s negotiating skills are unsurpassed. He can hammer out any unfavorable position you may be in and come away with a favorable outcome. He truly does understand the legalities and nuances of the real estate, investing, mortgage and escrow industries.

He also has an extensive network of resources – inspectors, structural engineers, contractors, etc., everyone he has experience with both personally and professionally. We actually hired his sub-contractor buddy to completely remodel our new house. The project came in on time, on budget and every bit of what we wanted with absolute satisfaction in all aspects!

Additionally, my father is a well-known CPA from L.A. with 50 years’ experience putting together real estate investment partnerships, small and large, residential and commercial. He and Gregg spoke many times on the phone regarding our purchase and other general real estate subject matter. Even he was VERY impressed with Gregg’s knowledge, experience and professionalism.

On a side note, he also has an engaging, fun personality and a sense of humor that will keep you laughing for days…

You can view many other customer reviews of Gregg and his firm on Zillow at:
http://www.zillow.com/profile/Gregg-Whitney/Reviews/

If you would like any more specifics or have questions regarding Gregg or his firm (Billionaire’s Row of La Jolla – http://www.billionairesrowlajolla.com/), feel free to email me at [email protected].

How much representation do you really need? I’d like to hear some comments on this. In my case, I had been a renter in my area for many years, so when I decided to buy, I knew exactly what I wanted. I searched for houses using Redfin, Zillow, Ziprealty, etc. Also, a few local realtors have excellent websites where you can search the MLS according to your criteria. This way you not only find houses, but you can see their complete histories, and knowing the parcel numbers you can check for more info with the county recorder and the property tax assessor.

Once I found what I liked, I contacted the listing agent directly and asked for a showing. They invariably asked me if I already had an agent, and said no. In one instance I liked the house and made an offer, which was turned down. Interestingly, the listing agent volunteered to represent me in searching for other properties. I said “no, thank you”. He didn’t like to hear that, he got upset, and lectured me saying that I need an agent, yada, yada, yada, that it doesn’t cost me anything, etc.

What I found funny about this guy is that he was OK with me making an offer on his house and him getting both sides of the commission. But if it was another listing agent getting that sweet deal, he was opposed to it!

I found his approach creepy, and decided to avoid him. In fact, when we have new hires and they ask me for a referral, I give other agents’ names, and also tell them the story of Mr Creepy so that they avoid him.

I know that it doesn’t cost me out-of-pocket to have an agent representing me, but the 6% (or whatever) commission will come from the purchase price that I pay. If I deal only with the listing agent, don’t I have some leverage at the time of negotiation? The listing agent may think “this buyer is offering 5% below the listing price, but I get to keep both sides of the commission… that’s better for me than getting only one side of the commission at full asking price.”

In any case, that’s what we did at the end. We found another house that we liked and dealt directly with the listing agent. My wife made a low-ball offer, that I thought would be turned down outright, but to my surprise, the sellers countered with a price much below their already reduced asking price. So, we countered again meeting them half way (their counter was very, very close to our first offer), and we bought the house.

Did I do something wrong by not having an agent representing me? Did I miss anything?

Thank you sdr. The comparables are of course public information, and we were not in a hurry, so we visited at least a dozen houses before making any offers. We had a good idea of what was out there, and at what prices.

I have an interesting perspective.
I just sold my house myself, interviewed a lot of realtors who wanted to help me. Then went on the hunt for a home and went through a lot of realtors who told me “I had to buy now”.

We are currently in escrow, in the neighborhood I have been stalking for years! I watched the house go to foreclosure then stalked it until the realtor was attached, then went after him. In this case we went round and round and eventually went to a “highest and best”. Due to my realtor also being the listing agent he had the inside scoop on what I needed to offer. We won. I was told after all this that the house needed termite work to the tune of $4500 and the bank would not pay. The realtor went back to the bank and was able to get them to offset the purchase price that amount. Also no home warrenty from bank owned. I kinda hinted to realtor that he was making both sides of the deal and he should kick in for the waranty (less than $400) he didn’t seem to want to. So we want the house and are proceeding, but don’t think I would ever recommend this realtor to anyone else.

Me being me yesterday saw a house I had chased and lost as a shortsale (same neighborhood as i am in escrow) it came back on market yesterday as a flip and I wanted to see what they had done. I called listing agent. He was AWESOME! Fairly young guy, super knowledgeable about all the repairs and upgrades to the house. When we talked price we told him the house was fantastic, but probably a little out of our comfort zone. he was emphatic he would do whatever he needed to make it happen if we decided to move forward. We were his clients now and he was going to look out for us, even if it meant giving up a few thousand of his commission. I actually left him and felt guilty for not buying from him, I really wanted to!

I believe we would not be in escrow on a house we are super excited about if I had not used the listing agent….but wow, the guy yesterday willing to go the extra mile was impressive!

[quote=treehugger]Also no home warrenty [sic] from bank owned. I kinda hinted to realtor that he was making both sides of the deal and he should kick in for the waranty (less than $400) he didn’t seem to want to. So we want the house and are proceeding, but don’t think I would ever recommend this realtor to anyone else.[/quote]Wait, you are buying an asset worth hundreds of thousands of dollars but you make an issue of less than $400? I guess that realtor won’t be recommending you to his colleagues either!