It certainly is possible to find a great agent without signing a contract. Just like any other service, you should be compatible with, enjoy the company of and trust the person working for you. How can you know that on a first meeting? It's OK to do some interviewing (AFTER you are pre-qualified for a mortgage) and see who is easily accessible by phone and e-mail, who you "click" with on the 1st conversation etc. Don't let anyone push you into any type of contract until you are ready. Have fun with your 1st time home buying experience!
I recommend speaking/interviewing agents... you will find some may be willing to work without a contract. There are plenty of benefits to having an exclusive working relationship with an agent... when you speak/interview these agents, they should be able to breakdown the benefits for you. Now if after you sign the buyer agency agreement you realize that the agent is not a good match for you, the agreement itself can be voided. By the way, since you're a first time home buyer, there are many first time home buyer programs available in MD. Check out the blog below.
I am a loan officer not a realtor. I am answering your question because since 2003 I have worked with dozens of realtors. Some good and some well not so good. So I don't know for sure but I think it reasonable to speak to a few realtors and not have anyone try and pin you down right away. I would be happy to provide you names of a few realtors that would not do that to you. They are good, hard working, local realtors that know Montgomery county extremely well. Just let me know and I'll arrange it for you. Thanks and hope this helps.
I am a real Estate Agent in Montgomery County and I read this and then thought about when I was a buyer. I fired two agents before I finally settled with the one that helped me purchase my home. Why a Buyerâ€™s agent agreement? If an agent takes you to see homes without this legal document who are they working for? You or the Seller? The Buyers Agency Agreement will spell this out for you. You can terminate this agreement at anytime if you are not happy with the service or the agent. You just have to put it in writing.
Here is a little food for thought:
Would/Should you drive around the DC Metro area WITH OUT car insurance? If given a choice would you opt out of health insurance? Would you get a loan for a home purchase from a friend instead of a reputable bank? Then if you are not in the know with real estate why would you not hire a Buyerâ€™s Agent? The most it will cost you is an admin fee and the possibility of purchasing a new home for you.
If interested I would love to help email@example.com.
There are some agents who would never dream of this request, and there are others who would. Remember, this is an agreement and can be cancelled by you the buyer at anytime, depending on the terms the agent puts you under. Myself, I hold buyers to nothing is they wish to cancel.
My suggestion would be to interview a few agents and get a feel for the agent that you would feel most comfortable with. This also gives you a chance to ask questions and understand the buying process a little better. You want an agent that is a good fit for you.
I spent the first 33 years of my life in Rockville and still do a great deal of business in the area. I have a great deal of working experience with first time homebuyers and pride myself on make their first home buying experience nothing but positive!
If you would like to interview me I would be happy to talk with you at any time so do not hesitate to call. My hours are not 9 to 5 ( LOL) so feel free to call up to 9 PM any day of the week.
If the agent can not protect his/her money, do you really expect them to protect yours? You can interview a few agents to determine who you are comfortable with before you sign the agreement.
If you ask an agent to spend weekends driving you around, sharing knowledge and helping you to select a home, it is only fair to be loyal to that agent.
Century 21 The Real Estate Centre
I primarily work with first-time homebuyers and have lived in Montgomery County for the last 56 years. I also do not ask my buyers to sign a buyer agency agreement until I have found them their dream home. Even if you sign a buyer agency agreement, it can be voided at any time with written notice. Please feel free to google my name to learn more about my expertise in working with first-time homebuyers and my rating on Zillow.
Christine Sherrod, Realtor
If you want to search for homes in Montgomery County, a good place to go is http://www.silverspringhomesforyou.com. All the properties there are on the local multiple listing service, and it's free to use.
I've worked with many first-time homebuyers and I like to see their expressions when they buy a house for the first time.
Every agent is different, but by signing the contract the agent then represents you and your interests in the transaction vs by showing you properties w/o the buyer agency agreement w/you they represent the sellers interest. If you sign one, it does not mean you cannot back-out if you are not happy with the agent before the expiration period is up.
A buyer agent can do a lot for you - saving you money being one of the most important. By signing an agreement, you will get more time and attention from your agent because they know you intend to buy a home with their guidance.
Call me anytime - I would be happy to sit down and talk to you about all the benefits, and explain why I get such great reviews from my clients.
Rick Reed 301-742-1172
I'd be happy to discuss working with you keeping your concerns in mind. Please feel free to call or email at your convenience.
Why wouldn't you want to sign a contract? This protects you as well as the Realtor. If for some reason you are unhappy with your Realtor at a future time, you can always cancel contract. You and the Realtor's Broker just have to sign a cancellation of contract.