Asked by New Buyer, Northern, CA • Wed Apr 23, 2008
My husband and I jumped on a home that finally met our criteria in today's "buyer's market". It's the first affordable home we've found, but it is bank owned. We haven't been working with a realtor so we called the listing agent. After showing the house and seeing our obvious excitement over the property, they asked us to bid immediately as they had two other offers. I'm nervous about rushing into something so quickly, but don't want to miss the opportunity to purchase a home that finally meets our needs for the price. This realtor specializes in foreclosures and appear to be very trustworthy, but I'm nervous about using the bank's agent as my own. I then read its a bad idea to go through the listing agent versus a buying agent and wanted to know why? We're first time home buyers and we haven't received any guidance from this agent as far as what we should bid etc.
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