PapaRomeo wrote:
Hey thanks everyone for your input and comments. There is a wealth of information there which my wife and I are digesting.
.... 3. have my own buyer's agent
(who listens pretty well but I still check out information myself) ....So thanks for all the advice.PapaRomeo
Just one more FYI. :B
A "buyers agent" is NOT a licensed real estate agent.
I became REAL frustrated with this.
I finally called the broker and asked for clarification of just what a 'buyer's agent' was.
These are just people hired to show buyers around for the Real Estate agents. This practice became real popular during the housing crash. So many foreclosed homes on the market and a glut of buyers prompted the Real Estate Agents to hire personal 'buyers agents' to just show the properties for them so they didn't loose potential buyers to other agents in the office.
They can NOT write up contracts, usually paid by the hour employees,
they to do nothing more than schlep the buyers around to look at property, that's all. And basically know nothing about real estate law and/or professionally assisting you to find just the right house. Their only job is to meet or drive you to a house you want to look at.
I think this practice is a very slippery slope for the buyers being 'led to think' they are being taken care of by a licensed agent.
Some of them keep quiet like you mentioned just listening but some yak on about the houses you are being shown as 'if' they knew about real estate law and/or anything about the property. Don't listen or take as fact any thing a "buyers agent" tells you.