Home › Forums › Closed Forums › Buying and Selling RE › Should I change my realtor?
- This topic has 125 replies, 18 voices, and was last updated 14 years, 9 months ago by
urbanrealtor.
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July 16, 2009 at 1:19 PM #432265July 16, 2009 at 2:46 PM #431696
urbanrealtor
Participant[quote=briansd1][quote=ArmoRealtor]
The listing agent does not work for you. They work for the seller.
If your looking to go in a little low (which is perfectly fine) you will most likely want to get a buyers agent that wants to represent you at whatever price you are comfortable with. It is always best to find a recent comp that justifies the price. Unrealistic sellers need to see proof
of why their home is worth what you say it [/quote]Technically, if you are submitting an offer through the seller’s agent, that agent is bound by fiduciary duty to submit all offer to the seller. He would be in breach of duty if he didn’t present your offer, unreasonable as he feels it might be, to the seller.
If you’re working with your own buyers’ agent, that agent is not bound by such duty to present all offers to the seller.[/quote]
UHHH no.
The buyer agent is required to submit the offer to the listing agent. The listing agent is required to submit it, in turn, to the seller.
Armo’s concern is valid and the listing agent starts out working AGAINST buyer financial interest.
July 16, 2009 at 2:46 PM #431909Participant[quote=briansd1][quote=ArmoRealtor]
The listing agent does not work for you. They work for the seller.
If your looking to go in a little low (which is perfectly fine) you will most likely want to get a buyers agent that wants to represent you at whatever price you are comfortable with. It is always best to find a recent comp that justifies the price. Unrealistic sellers need to see proof
of why their home is worth what you say it [/quote]Technically, if you are submitting an offer through the seller’s agent, that agent is bound by fiduciary duty to submit all offer to the seller. He would be in breach of duty if he didn’t present your offer, unreasonable as he feels it might be, to the seller.
If you’re working with your own buyers’ agent, that agent is not bound by such duty to present all offers to the seller.[/quote]
UHHH no.
The buyer agent is required to submit the offer to the listing agent. The listing agent is required to submit it, in turn, to the seller.
Armo’s concern is valid and the listing agent starts out working AGAINST buyer financial interest.
July 16, 2009 at 2:46 PM #432201Participant[quote=briansd1][quote=ArmoRealtor]
The listing agent does not work for you. They work for the seller.
If your looking to go in a little low (which is perfectly fine) you will most likely want to get a buyers agent that wants to represent you at whatever price you are comfortable with. It is always best to find a recent comp that justifies the price. Unrealistic sellers need to see proof
of why their home is worth what you say it [/quote]Technically, if you are submitting an offer through the seller’s agent, that agent is bound by fiduciary duty to submit all offer to the seller. He would be in breach of duty if he didn’t present your offer, unreasonable as he feels it might be, to the seller.
If you’re working with your own buyers’ agent, that agent is not bound by such duty to present all offers to the seller.[/quote]
UHHH no.
The buyer agent is required to submit the offer to the listing agent. The listing agent is required to submit it, in turn, to the seller.
Armo’s concern is valid and the listing agent starts out working AGAINST buyer financial interest.
July 16, 2009 at 2:46 PM #432271Participant[quote=briansd1][quote=ArmoRealtor]
The listing agent does not work for you. They work for the seller.
If your looking to go in a little low (which is perfectly fine) you will most likely want to get a buyers agent that wants to represent you at whatever price you are comfortable with. It is always best to find a recent comp that justifies the price. Unrealistic sellers need to see proof
of why their home is worth what you say it [/quote]Technically, if you are submitting an offer through the seller’s agent, that agent is bound by fiduciary duty to submit all offer to the seller. He would be in breach of duty if he didn’t present your offer, unreasonable as he feels it might be, to the seller.
If you’re working with your own buyers’ agent, that agent is not bound by such duty to present all offers to the seller.[/quote]
UHHH no.
The buyer agent is required to submit the offer to the listing agent. The listing agent is required to submit it, in turn, to the seller.
Armo’s concern is valid and the listing agent starts out working AGAINST buyer financial interest.
July 16, 2009 at 2:46 PM #432433Participant[quote=briansd1][quote=ArmoRealtor]
The listing agent does not work for you. They work for the seller.
If your looking to go in a little low (which is perfectly fine) you will most likely want to get a buyers agent that wants to represent you at whatever price you are comfortable with. It is always best to find a recent comp that justifies the price. Unrealistic sellers need to see proof
of why their home is worth what you say it [/quote]Technically, if you are submitting an offer through the seller’s agent, that agent is bound by fiduciary duty to submit all offer to the seller. He would be in breach of duty if he didn’t present your offer, unreasonable as he feels it might be, to the seller.
If you’re working with your own buyers’ agent, that agent is not bound by such duty to present all offers to the seller.[/quote]
UHHH no.
The buyer agent is required to submit the offer to the listing agent. The listing agent is required to submit it, in turn, to the seller.
Armo’s concern is valid and the listing agent starts out working AGAINST buyer financial interest.
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