Buyers: Get Your OWN Representation!
As tempting as it is to share the listing agent with the seller in hopes to save a little money, don’t even think about it. You have no earthly idea whether or not that agent and the seller are working together, with the agent also having financial interest in the property, whether the seller is the best friend or brother of the agent; there are just to many uncertainties to risk a potentially large sum of money, thinking you’re going to actually ‘save’ on the deal.
Even if there is no familial or financial involvement, the listing agent was hired by the seller and has a fiduciary allegiance to the seller, who is the one paying them.
This applies to your inspector as well; make certain that your inspector (and perhaps a separate termite inspector) is appropriately state-licensed and ideally, has been practicing for at least five years and performed over 200 inspections.
Other Charlotte Home Buyer Tips:
How to select your Charlotte home buying representative
How to be a Savvy Charlotte home buyer
3 Reasons You Need An Agent When Buying a Home That’s For-Sale-By-Owner
Beware of online inaccuracies when gathering data on your Charlotte home purchase
Building a nest egg with Charlotte real estate investments
Where ARE the 50% off homes for sale in Charlotte?
How to assist your adult child purchase property in Charlotte NC
Charlotte Home Buyers 10-Step Buying Process:
Step 1: Develop a plan
Step 2: Select a Realtor®
Step 3: Get that loan pre-approval
Step 4: Let’s go shopping!
Step 5: Making an Offer
Step 6: Finalizing your financing
Step 7: Let’s talk inspections!
Step 8: The devil is in the details
Step 9: The walk-through
Step 10: It’s time to nest!
Debe – excellent post about a buyer getting their own representation – I receive many calls from buyers who think I am listing agent.
Sharon Paxson recently posted..Newport Beach Short Sale Market Update | November, 2011