Home Buying in 68601>Question Details

Pele, Home Buyer in Columbus, NE

In a small town like columbus I've found that the realtor i'd like to work with is also the listing agent on many of the homes i'm interested in.

Asked by Pele, Columbus, NE Thu Jul 25, 2013

Is that a bad situation for me as a buyer?

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6
Rapport is important when choosing a Realtor to work with. If you like this person, use them. They will not be able to help you in negotiations if you make an offer on one of their listings, but they will not be able to assist the seller either. All other aspects of the Buyer Agency Agreement will be in effect and you will probably choose one not listing with them anyway.
0 votes Thank Flag Link Sun Oct 19, 2014
Ask your 'preferred' agent to refer you to another agent.
He/She will appreciate your concern for loyalty and your keen awareness that you do not want to compromise her professional status by inadvertently slipping into a dual agent environment.

He/She will respect you for this.
0 votes Thank Flag Link Tue Oct 14, 2014
First of all, you indicated that this is the Realtor that you like to work with. That usually means you have some type of good relationship with him or her already. That in itself speaks volumes as to who you should continue to trust to help you make the decisions during the whole home buying or home selling process. Yes, in the ideal world, each buyer would be represented by their own Realtor, but in reality, especially in a small city like Columbus, Nebraska, it's not always doable. In reality, the really good Realtors will carry a heavy listing inventory thereby meaning that they contractually represent the Seller through the listing agreement. But that does not mean that they can not also help you as a buyer. There will be some certain things that this "dual agent"can not share with either party but if your Realtor is a good agent, meaning ethical and honest, they will make sure that they help you reach your goal of homeownership. Best advice is to work with someone you trust.
0 votes Thank Flag Link Tue Oct 14, 2014
While it can be advantageous to have your own buyer's broker, in some situations it is better to work with an active listing agent. If, as you describe, this agent lists many of the homes in the area, you may want to work with her so that she can notify you of new listings as soon as they come up (sometimes before they hit the MLS). Just be aware that the listing agent's loyalties are to the seller, not the buyer, so do not reveal any information that you would not want the seller to know.
0 votes Thank Flag Link Thu Jul 25, 2013
It's always best to have your own Realtor working for you as a Buyer's Agent. However, in a small town, your options may be limited. I would first try finding another agent to represent you. If you can't then find out exactly how that agent will be working for either side. In Colorado agents can work as a "Transaction Broker" and just facilitate the transaction as an objective 3rd party, and not offer suggestions/advise for either buyer or seller.

But...I always wonder if the agent really is being an objective 3rd party, and not favoring the seller, since that's who he was working for to begin with. Good luck to you!
0 votes Thank Flag Link Thu Jul 25, 2013
Did you know that Sellers pay the Buyer's agent commission in almost all transactions. The Buyer's agent works for you and not for the seller.

A Buyer's agent is someone that will work for you, someone that will help you to understand what you must protect yourself in a real estate transaction. A highly qualify negotiator to get the best terms for the house that you want. A Buyer's agent can pull together all the information regarding to the house that will be the best for you and your family, not the one that he/she listed and need to sell it.

Please get your real estate agent that will work and advocate in your behalf from beginning to the closing table.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
0 votes Thank Flag Link Thu Jul 25, 2013
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