Home Buying in Scranton>Question Details

Lorac07, Home Buyer in Scranton, PA

Should I get a buyer's agent? How? Also, are all homes for sale listed on MLS sites?

Asked by Lorac07, Scranton, PA Mon Aug 4, 2008

I've been looking for over a yr and still haven't found what I"m looking for. Granted, I'm selective and know what I want and what I want to spend--but after a year of searching everywhere I can, I'm turning up nothing. Should I get a buyer's agent? How does that procedure work? Do I pay an agent extra, or does the agent's fee come from the commission? Also, where else can I find homes-for-sale listings besides MLS sites?

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You sound like many other buyers I have spoken to.

The seller is represented by an agent, why shouldn't you be?

If you have been looking for a year, you have encountered many agents over that time period. Interview several of them to see who you think would represent your interests best. Some agents have gone for additional education and have attainted the designation of Accreditated Buyers Agent,. You can visit http://www.rebac.net and look for agents there. You can also go onto Realtor,Com and look under find an agent. Both places will have agents in your area and have a brief biography about them.

As stated in a previous post, most Buyers Agents accept the commission that is paid by the seller.

Once you have a buyers agent working for you, they should send you listings that fit the criteria you are looking for in a home. This should also include any For Sale By Owners as well.

Good Luck in your search and for more information about properties in the Greater Scranton Board of Realtors visit my website below:
2 votes Thank Flag Link Mon Aug 4, 2008
Lora,

Ooooh! You better listen to #1 Closer! He's got Mad Skillz! :-) Well ... no - don't do that. I am totally joking

Anyway - seriously - you will likely need a buyers agent - unless you buy a FSBO home. Their fee is paid by the seller. That's already worked out. And you won't "save 3%" by trying to avoid that. You MIGHT be able to save a bit through negotiating one with a buyers agent but I wouldn't advise this - clearly this is your first home and you'll need the benefit of a good buyers agent.

The two places I'd recommend for searching for homes are Trulia.com and Realtors.com. FSBO sites are also available if you wish to look for those. And you can look on craigslist.com.

You may even wish to put your own ad on craigslist.com - it's free and you'd be surprised how many people reach out to you!

What you don't want to do is just pick any buyers agent. You need to interview 4-6 of them to find one that you like, who listens well, and will be a good advocate for you - with good negotiating skills. Please avoid any agent who is part time. You want a full time agent that has been doing this for years and is one of the top people in their agency for first time buyers.
1 vote Thank Flag Link Mon Mar 30, 2009
Please note that if you contract with a buyer's agent and do end up wanting to buy a FSBO property, if the owner does not want to pay the agent's commission, then you would need to pay it--even if you found the house yourself
1 vote Thank Flag Link Wed Aug 6, 2008
Loraco7,
You have received a lot of information about buyers agents and their help to you.
I would like to address another issue: What are you looking for? If you have been looking for a year, --diligently looking, using all the tools that are available to you on innernet, Homes and Lands magazines and newspaper ads, MLS listings, etc. and have not found ANYTHING-- there are a few questions you ought to answer:

1-Are you realistic in the price you are willing to pay for a certain property? Find out at what price properties similar to what you are looking for are selling. You may need to adjust you expectations.
2- How wide is your search? Do you have more than one neighborhood that you are considering? Or is your house dream too specific? Maybe you should consider building, so that you can have all the unique features you desire.
If you contact an experienced buyers agent in your area they can help you see if what you are looking for is possible. IF it is, they can help you look at the homes that fit your parameters. IF what you are looking for is totally unrealistic-- at the price you want to spend-- it will save you a lot of frustration to know it now.

Hope that helps.
1 vote Thank Flag Link Tue Aug 5, 2008
If you have been looking for over a year, its more than just answering the questions you have posted. Call me at 570-585-1500 for a free consultation.
1 vote Thank Flag Link Tue Aug 5, 2008
You should definitely get a buyers agent. You may even want to interview several. Let them do all of the legwork you have been doing for the last year. A buyers agent is usually paid by the seller so you are getting in essence , free professional representation. It doesn't mean that you should stop looking, because you may find something that you like.
If you have any other questions, feel free to contact me. The very best of luck to you.
Michael


Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net
http://www.mortgagepro.instantlender.com
1 vote Thank Flag Link Tue Aug 5, 2008
Well at this point I would strongly recommend to get a buyers agent at least to find out if what you are looking for even exists. Further, you will professional consultation in terms of what your options are. The MLS is where all the listings go with the exception of FSBOs. All of the other consumer sites feed off the MLS. In Pennsylvania, the great news is that a buyer does not pay the buyer agent unless there is a specific agreement which is a rarity. The commission comes out of the seller's process. Knowing that alone, it would never not make sense to have your own representation.

Good luck in your search ! For more helpful hints and to search for properties, visit our website below.
1 vote Thank Flag Link Mon Aug 4, 2008
Lorac07:

The MLS will not show many homes which are listed FSBO, and quite frankly, this is why many FSBOs eventually go to realtors. Also, some homes sell before they even get on the MLS. This is especially true during a seller's market. By working with an agent who is knowledgeable of the local area, has connections with other realtors in the area, and works for a reputable broker, s/he may often find out about new listings before they ever reach the MLS. Additionally, there are some statuses, like "active no showings" and "temporary off market," in which there's a listing agreement in place but showings are not be accepted at this time. These listings do not show up on the commercial sites like realtor.com or trulia.com. A realtor with access to the MLS will know of these properties and can get in touch with the listing agent to find out if the seller is still entertaining offers or would allow a showing of the property.
0 votes Thank Flag Link Fri Apr 3, 2009
I am a seller and we have a single family house in carbondale,pa that is 20 minutes from scranton,pa. I see that you been looking for over a year and still haven't found the house of your dreams. Please take a look at this house and tell me what you think of it. go to http://www.gosmartsave.com/index.php?p=1_11_Blog

Please leave your comment here or if you are interested in this house email me at the address listed on the above website.

Thanks
Vs.
0 votes Thank Flag Link Mon Mar 30, 2009
Lorac07,

Of course you should. You are about to make the biggest purchase of your life and you want to do this without a professional? If you are like most foks, you'll take the next 30 years to pay off your purchase. Get someone you trust to represent you in the process (a Buyer's Agent) and let them do most of the leg work for you. Their job (once you make your seletion) is to walk you through the process from beginning to end. Generally, you don't pay them. Usually their payment comes from the Seller's proceeds. As far as listings, there are many, many web sites, to search, but most sellers still rely on the local MLS system to sell their homes. Hope that helps.
0 votes Thank Flag Link Sat Sep 6, 2008
Hi Lorac07:

A Buyers Agent is there to protect your interest and help guide you in the process of purchasing a home. Find someone you like and feel comfortable with, I am sure that in your travels over the past year, you have meet an agent you felt like you clicked with. Give them a call and ask them to give you a hand. I am sure that they would be thrilled to help you.
0 votes Thank Flag Link Fri Sep 5, 2008
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