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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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What is a great buyer's agent supposed to do...
besides sending listings, and putting in offers?
Are they supposed to coach on offers among other things?
Like if we offer to high or too low?
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Posted 9/4/08 2:07 PM  |
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Prudential Douglas Elliman Real Estate
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qtdimps231
LIF Toddler
Member since 11/07 477 total posts
Name:
Diana
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Re: What is a great buyer's agent supposed to do...
Yes! they should give you advice. stay on top of the seller's agent. if a c/o is required, they will help expedite the process.
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| Posted 9/4/08 2:10 PM |
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Katie111806
Team Pink!
Member since 12/06 5349 total posts
Name:
Katie
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Re: What is a great buyer's agent supposed to do...
ours just kept the whole process moving...helped us figure out what to offer, ask for in the contract, negotiate, was the main contact with the sellers agent, and helped with the mortgage guy and our lawyer. Guided us through the whole process and made sure all the little steps happened to get us to our closing.
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| Posted 9/4/08 2:12 PM |
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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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Re: What is a great buyer's agent supposed to do...
Posted by Katie111806
ours just kept the whole process moving...helped us figure out what to offer, ask for in the contract, negotiate, was the main contact with the sellers agent, and helped with the mortgage guy and our lawyer. Guided us through the whole process and made sure all the little steps happened to get us to our closing.
who is YOUR realtor?
LOL
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| Posted 9/4/08 2:26 PM |
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Katie111806
Team Pink!
Member since 12/06 5349 total posts
Name:
Katie
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Re: What is a great buyer's agent supposed to do...
Posted by Sandy55
Posted by Katie111806
ours just kept the whole process moving...helped us figure out what to offer, ask for in the contract, negotiate, was the main contact with the sellers agent, and helped with the mortgage guy and our lawyer. Guided us through the whole process and made sure all the little steps happened to get us to our closing.
who is YOUR realtor?
LOL
Aww, I would love to refer her but I live in CT. I'm sorry! 
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| Posted 9/4/08 2:45 PM |
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Sandy55
My family ROCKS!!!
Member since 2/08 1219 total posts
Name:
Sandy
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Re: What is a great buyer's agent supposed to do...
For an example...we just put an offer on a house, but we low balled about $50K less than the asking price. (after doing comp research, etc.)
The Realtor didn't even flinch; She just said, "ok, I'll put the offer in." I guess that means she agrees with our offer?
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| Posted 9/4/08 2:49 PM |
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Kris92
LIF Infant
Member since 5/08 298 total posts
Name:
Kris
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Re: What is a great buyer's agent supposed to do...
Our agent has been a huge help to us. We used her for selling our co-op also (she actually lived in the same building, so it was very convenient). She referred us to the engineer that we used for our inspection and the attorney we are using to purchase our home. She has worked with us every step of the way.
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| Posted 9/4/08 2:59 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: What is a great buyer's agent supposed to do...
Posted by Sandy55
For an example...we just put an offer on a house, but we low balled about $50K less than the asking price. (after doing comp research, etc.)
The Realtor didn't even flinch; She just said, "ok, I'll put the offer in." I guess that means she agrees with our offer?
Ours ran comps in the area for listing and selling prices, so while our offer was lower than she felt would be accepted, she gave us a good idea of the chances of it being accepted. Oh, BTW it got turned down because they got a higher offer. 
She calls me every day with new listings, suggestions for new areas and houses, and was incredibly helpful with comps and setting up appts.
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| Posted 9/4/08 3:01 PM |
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leese
Sarge!
Member since 5/05 1965 total posts
Name:
Leese
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Re: What is a great buyer's agent supposed to do...
Posted by Sandy55
For an example...we just put an offer on a house, but we low balled about $50K less than the asking price. (after doing comp research, etc.)
The Realtor didn't even flinch; She just said, "ok, I'll put the offer in." I guess that means she agrees with our offer?
It depends.
My buyer's agent was a friend. He did counsel us as we only looked in our own town and he knew the market and all the houses. He knew the ones we'd like before we walked in.
But, at the same time, he was a little naive and did flinch a lot with my low-balling. And, he was nervous/upset when things didn't go through (of course!).
I think they are helpful -- but in this day and age, I'd continue to do my own research.
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| Posted 9/4/08 3:01 PM |
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ready2ttc
LIF Toddler
Member since 8/08 383 total posts
Name:
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Re: What is a great buyer's agent supposed to do...
Posted by Sandy55
For an example...we just put an offer on a house, but we low balled about $50K less than the asking price. (after doing comp research, etc.)
The Realtor didn't even flinch; She just said, "ok, I'll put the offer in." I guess that means she agrees with our offer?
It depends on the price of the home--if you are talking a $350,000 home and you offer $300,000 you run the risk of offending the homeowners who may not even want to negotiate with you. The offer has to be reasonable, even though it should give you room to negotiate. Your agent should have gone into that more with you.
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| Posted 9/4/08 8:10 PM |
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