Home Buying in 90504>Question Details

Robert Gibbs, Other/Just Looking in 90814

How can a buy find out if a house is really in escrow. I trust home seller like I trust car seller. .

Asked by Robert Gibbs, 90814 Wed May 4, 2011

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6
Dear Robert,
Yes you do need your own agent to do the investigating for you. Sign a contract with a Buyer Agent and you will be well informed, plus have an advocate who is on your side.
1 vote Thank Flag Link Thu May 5, 2011
Hi Robert:

Any of us can look it up for you to see if the property is in escrow.


Good Luck!

Kat Becker
Prudential California Realty
1 vote Thank Flag Link Wed May 4, 2011
Robert:

A reason for why a Seller would not want a buyer to know that their home is in contract escapes me. Typically, Sellers are pleased when they know unfamiliar people will not be walking through their home at all hours of the day.

If you do not trust the Seller to provide accurate information as far a status you can do any of the following:

1) Call the Listing Agent and ask for status.
2) Provide the property address to one of the Agents responding to your question so they can check.
3) Identify your own Realtor® and have them check for you.

I would agree if you are buying a home you should find your own Realtor®. In regards to finding this individual, the following sites, as well as a review of their Trulia profile/answers will give you good insight into the depth of knowledge and experience of each individual.

Note that DRE licensees are NOT bound to a Code of Ethics; only Realtors® take that oath, which can be viewed here: http://docs.Steven-Anthony.com/RealtorCOE.pdf

You can check to make sure an Agent is a Realtor® by going here: http://www.realtor.org/rofindrealtor.nsf/pages/FS_FREALTOR?O…

You can check the status of a DRE Licensee and their Broker (and past violations) here: http://www2.dre.ca.gov/PublicASP/pplinfo.asp

You can check for Desist and Refrain Orders, and Unlicensed Activities here:
http://www.dre.ca.gov/cons_DandR.html#licensing

Finally, I would encourage you to NOT enter into a Dual Agency (using the Seller’s Agent). Here’s why: http://www.trulia.com/voices/Home_Buying/Why_should_I_NOT_us…

Best, Steve
0 votes Thank Flag Link Thu May 5, 2011
If the seller is telling you "it's in escrow" he could be telling the truth or not telling the truth. Why would you want to even think of buying a house from someone who sounds like he doesn't want to sell to you? There are so many more choices.

David Cooper. Bank Owned Foreclosure Investor in Bank Owned REOs with Cash Flow. email or call for FREE daily list. +1-7024997037 not a real estate agent
0 votes Thank Flag Link Thu May 5, 2011
Hi Robert,

If you provide the property address of the property you are referring to, I would be happy to check the status of the property in the MLS & confirm whether or not it shows as being in escrow. As El mentioned below, if you are interested in buying a home and want to make sure your interests are protected, you should definitely find a good agent to work with. As a buyer, representation by an agent is normally free of charge, as our fee is paid by the seller through a share of the commission. A good agent will guide you through the process and be able to make sure your interests are protected throughout the transaction. Good luck!

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Cell: 323-810-7976
Email: john.barry@coldwellbanker.com
Facebook: http://www.facebook.com/RealtorJB
Twitter: @RealtorJB
0 votes Thank Flag Link Wed May 4, 2011
You should consult with a Buyer's Agent, someone who will represent your interests. I'd be glad to help you find someone that would be qualified to assist you.
El

Your REALTOR®
Wilkinson & Associates
910.264.6515
Web Reference: http://realtor.elbrant.net
0 votes Thank Flag Link Wed May 4, 2011
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