Have a heart-to-heart conversation with your realtor and express your concerns. Don't let it fester as it is counter-productive. She may be doing her best to find properties for you.
If you don't already know this, in certain price levels, there is tremendous competition where there is multiple offers within days of when a property is listed. I had once attempted to write an offer on a bank owned property under $250K in Hayward, only to find out from the listing agent that she had already received 98 offers, the majority of them for "significantly" over list price and many are cash buyers.
It's difficult to explain to the buyer when this happens because the buyers are still of the opinion that this is a buyer's market. Not so.
In the current market where there are a lot of short sales, we never know what the final commission would be anyway since the lenders would negotiate that. It will be time consuming to weed out listings with lower commissions. Just to give you an idea of $$:
Assume a sales price of $300K, with commissions of 6%, spit 50-50 between agencies. Assume that your agent has a 80-20% split with her broker(ilt., she has 80% of that 3% sales commission
$300 X 3$9K X 80% split = $7,200 (before taxes, E& O insurance, transaction fees, etc)
Assume 5% commission, split 50-50 between agencies.
$300 X 2.5% = $7.5K X 80% split = $6K (before taxes, E&O insurance, teansaaction fees, etc).
The agent's objective is to get you a home, be in escrow, and close that transaction. The agent doesn't get paid for any of her time until she closes escrow. Also note that she doesn't get reimbursed for any of her expenses either. Thus, the sooner you get in contract, the better. Why would she prolong the process by refusing to show you properties?
What you are hearing is something like what I tell my FHA clients. My people have a lot of choices but those choices are less than perfect situations. I frequently tell them we cant see a short sale because the tenant or seller is restricting showings to times when they are not available and some are fixers where standard FHA loan wouldn't work.
The solution is simple enough. Ask her to verify her claims. Why can't we see his property? What is the major problem? How does that problem affect me? She can't e-mail you the agent version of the MLS but she can show you the printed sheet and whatever the seller is disclosing about the property from associated documents, if any.
However, some agents may try to steer you to homes paying higher commissions or listings with their own firm.
Ask him/her why and what the issues are.
Our data base the Multiple Listing Service is up to the minute. Buyers are viewing homes through websites that take the information from there so they are not as accurate. If your agent says it is pending then it is. Right now most of the properties that are available do have major problems, you have to remember these are homes that the previous owner has lost. The last thing they are doing is spending their money on maintenance and improvements on a house that the bank is going to take over eventually. Some have even damaged them on purpose and removed any upgrades they had added.
All agents can work with buyers and sellers. In today's market there are more buyers than sellers.
Very tired, right now agents are submitting numerous offers for their clients hoping one offer will be accepted. To be honest commissions are taking a back seat to "I got an accepted offer"!!!! Very competitive out there. I wish you a lot of luck in your home purchase and I suggest you hang in there and remember no house is perfect especially right now.
Please understand that we do not know if you have a signed Buyers Agreement (If so, refer to it) or any other actual circumstances so my reply is just a General one and just an opinion.
You are the Consumer..You have hired the Services of an Agent...Those Services include assisting you to understand the Process and to be informed so you can make wise decisions about a Large Financial Obligation....Without good communication between you and the Agent, without the comfort of having a Professional assist YOU in attaining YOUR Goals what is the point?
If you hire Services from anyone in any Profession and you are uncomfortable or unhappy with with those Services then you find someone who can preform those Services in a more Professional manner....
You are Hiring Services when you use an RE Agent and there are many Agents so be upfront with the Agent about your goals and demand they tell you what Services they provide for what expected cost.....Do not be satisfied with anything less than a Professional Agent who will communicate honestly with you.....
To your General question my General reply/opinion is.........Find an Agent you feel is providing the Services you require to attain YOUR goals and YOU are comfortable working with.
Why settle for anything less?
Good luck, Dunes
Trust your instincts and change agents. Ask friends for referrals in your area. You are right, looking for a house is hard enough. You need a trusted advisor and advocate in this complicated process.
Fine Homes Specialist
Prudential Santa Fe, NM
-Ninkey Dalton, Pacific Palisades, CA
I'm not sure what 'broker's supplies' means. Does she hold a DRE real estate license? If not, she may not be qualified to represent you to the highest standard as those of us that have licenses. You should feel that she is on your side and representing your best interests at all times. If not, then it could be that she is not the right fit for you or that she is not happy representing you. Either way, it should be worth having an honest discussion with her and if you don't get a satisfactory answer, move on to someone that feels right for you.
Like any relationship there needs to be trust and chemistry that you work well together.
Good luck to you,
I would first speak to your agent about your concerns. If your gut is telling you something is not right I would go with what you believe to be true. Unfortunately, there are agents out there with alterior motives. You're right it's stressful enough without worring about your agnet's intentions.
Erica Jones Starkey
JSCA Real Estate Group
Providing Superior Solutions for Your Individual Real Estate Needs
You are very welcome! I hope you and your agent have had a chance to discuss your expectations and needs. She is lucky to have you.
Good luck in your purchase,
For the record, I forgot to mention that: I am a cash buyer due to an inheritance and plan to choose within my budget; And that the agent appeared upset when I did not make an offer on the very first house I ever viewed!
This can not be the way it's done. Sorry for this novel I just wrote. Better go nowe