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Home Buying in Bourne : Real Estate Advice

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  • Home Buying4
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Activity 7
Sun Aug 28, 2016
Christopher Lefebvre answered:
The Mandatory Consumer Relationship Disclosure is not a contract and a buyer has no obligation to use that agent if the buyer signs it as long as they didn't also sign an exclusive buyers agent contract. When a Massachusetts agent provides this completed form to a consumer though and checks off "buyer's agent" that agent does owe the buyer the fiduciary duties of a buyer's agent. However, if the agent checks off "facilitator" that agent does not owe the buyer the fiduciary duties of a buyer's agent. Here is something to consider though. If you want to use an agent to help you buy a property and you don't agree to a commission rate up front, all the listings out there offer different commission rates to that agent. This could cause an agent to be biased towards wanting you to buy certain houses more than others. I'm not saying all agents operate like this, but there will be a tendency for bias in this situation. Would you accept a new job without knowing what you will be paid? That's exactly what is being asked of an agent helping a buyer if they are expected to just take whatever commission is offered by the seller's agent. It is like pay rate roulette. There are plenty of agents out there willing to do this though, thus the common sentiment that the "seller pays the buyer's agent commission" at all times. What if a property is offering no commission to a buyer's agent? What should that agent do in that situation? What would you do in that situation if you were the agent? ... more
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Sat Mar 23, 2013
Diane Wurzburg answered:
Hi Nadine,

According to the MLS, there are 5 properties which are in or near the Onset area and which are listed at $55,000 or less. I would be happy to e-mail these listings to you and talk with you a bit more about your requirements.

Best Regards,
Diane
508-534-7108
... more
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Sat Jan 26, 2013
Marc Donohue answered:
I'm pretty sure you qualify on your own Becca. Let's see if we can get it done. My phone number is 508-345-1705. Have a great day.
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Tue Feb 28, 2012
Heidi Zizza answered:
Short sales have gotten easier over time, iHave actually closed one in 5.5 weeks from offer to short sale acceptance. Be sure you are working with competent agents.
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Wed Jun 22, 2011
Lori Jurkowski answered:
I do, I think it delayed the Spring market. It was not as busy as it normally is in my area (Lower Cape) Feb, March, April...but it picked up dramatically the past 6 weeks or so. When it's cold and rainy off-Cape where most of our buyers are coming from, they are not thinking about summer and buying houses on Cape Cod! The good news is that it HAS picked up and sales are up, as well as the average sale price (again, in my area) of Chatham, Orleans, Harwich and Brewster. ... more
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Fri Sep 24, 2010
William Patterson answered:
Tue Apr 6, 2010
Lew Corcoran answered:
You can use whichever real estate agent you want. Real estate agents are required to disclose their relationship with you, whether it be as a buyer's agent, a seller's agent or a dual agent. It's not "really" a contract. Let me explain. Each requires certain fiduciary responsibilities to the party they represent.

In order for a contract to be legally enforceable, there has to be three elements: 1) an offer has to be made by one party and accepted by the other party; 2) the agreement must be in writing (verbal agreements are not enforceable), and 3) something in consideration (which means the parties to the contract must receive something of value in exchange for agreeing to the terms. (That's one of the reasons why you are required to put a deposit down on the house you want to buy). While I'm not an attorney and am not dispensing legal advice, you should check with an attorney to be sure.

Agents do expect to be paid for their services. How a buyer's agent is paid is typically from the seller of the house you want to buy, and that which is made through the listing agent. Most if not all agents will want you to agree to use them to help you find a home in exchange for providing listings, dispensing advice, and shuffling you from listing to listing.

If you decide to make an offer on a house, and it's accepted by the seller, and the house is subsequently sold to you, the agent who first brought you to that house (typically within a limited time) is the one who is entitled to the commission.
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