If you begin working w/ a buyer's agent at this point, the builder will be able to do everything for you except whatever 3% of the value of the home is. If you do not want to go at it alone because you feel that the builder's agent is not being truthful and up front w/ you, then you should get your own agent. If the builder's agent is treating you fairly and the comps work, use the builder's agent, but be sure you get a fence, 5k in closing costs & window treatments throughout. If you use the builder's agent, you might as well ask for a fridge too.
If you hire an agent to represent you at this stage, just write off the 3% in upgrades as peace at mind, knowing you are not being taken advantage of. Main thing, trust you gut and ask either the builder's agent or your agent for the neighborhood comps and for either of them to explain them to you thoroughly.
Hope this helps,
Josh Barnett, Realtor
Metro First Realty
If the listing agent showed you his/her listing and you decided you wanted a buyer's agent to sell you the house, that could be an issue. The best thing to do would be to tell the listing agent you want your own agent representing you. The listing agent could represent you if the owner agreed to it so that is a possibility as well.
If this agent has shown you other houses and you don't feel comfortable with this person and you are not under any kind of contract, then you can easily just find your own agent but let the other agent know you've decided to go in another direction. A good and professional agent will not get their feelings hurt. This happens all the time. Selling houses is how we make a living so we hate to lose business but it does happen.
A builders agent does work for the builder but they are usually good to work with and want a happy customer and a successful transaction but if they are a licensed agent, then they do work for the builder and cannot give you Single Party representation without the builders consent and they may not happen.
I hope this info helps.
Russell Benson, REALTOR®
Prudential Alliance Realty, Inc. http://www.RealEstateOKC.com
You can sign with any Realtor you want and make sure it is a Single Party brokers agrrement. The realtor you choose should be able to help negotiate for your benefits and not the benifits of the builder: I have listed and sold several builders homes:
Contact me direct and I will tell you everything that you need to do and that we need to do together to get this home bought for you:
I will explain the differences in the Brokerage agreements:
405 413 0791
Keller Williams Realty
Most of the the advice given has been pretty good. I dont mean to beat a dead horse but I wanted to give you my two cents! What you are describing is very common and there is a part of it that I have noticed as a trend. I work with 100's of home buyers and I cant help but notice an overwhelming trend of buyers wanting to work/see homes with the listing REALTOR and the listing REALTOR only. I am not sure where this is coming from, but my personal feelings are that this is a mistake. It has been something that for years certain industry leaders have tried to educate the public about but it never seems to stick.
I clearly agree that the listing REALTOR may have more knowledge of the home than a buyers REALTOR, though a REALTOR representing the buyer and get any information they might want. Also, the listing REALTOR has already agreed to work to the best interest of the homes seller, not its potential buyers. Does this make sense?
The analogy that I like to use is if someone was suing you for whatever reason, would you hire the same lawyer to defend you as the other person has already hired to sue you?? I don't think so, yours is a very similar situation. P.s. this is not legal advice ;) think I should add that just in case!
Jared Kennedy : Assistant to Sandra Dawson
Be very careful of the advice you get on free, public forums and seek a professional who abides by the laws and can demonstrate experience with those laws if you're truly looking to be protected from the many potential potholes that come with large financial transactions.
I too can help you. I have over 25 years of experience in real estate. Feel free to call me or text at 405-640-6621. You may also email me if you would like at jathrash@cox net.
JULIE GRAY THRASH