Post # 1
We are interested in looking at a home and since we just parted ways with our previous realtor we had planned to contact the next realtor who listed the home we are interested in. However, the listing says she is related to the sellers. Is this a good thing or a bad thing for us as buyers? Any insight would be helpful.
Post # 3
Basically just means don’t use their realtor as yours too because they’re pulling more for the seller. It’s not a big deal, it happens a lot.
Post # 4
I would contact another realtor to show you the property. That way you can be certain you have an unbiased agent working and scrutinizing on your behalf. It’s been my experience that no matter how much an agent tries to be unbiased or even thinks they are, theyre not. It’s not that I have thought they were doing it maliciously, it’s just human nature.
Post # 5
In MA if a Realtor is related to the seller they need to state it. As a buyer you should be working exclusivelymwkth a buyers agent to represent you in a transaction. Nothing wrong with the listing agent representing them. A lot of buyers think they need to work with the listing agent this is not the case. A buyers agent is usually paid for by the sellers, not all times but most of the time. I would seek out an exclusive buyers agent to represent you.
Post # 6
As a Realtor, I promise to uphold the National Association of Realtors Code of Ethics. I am also bound by my state’s regulations to complete confidentiality. When representing both the seller and buyer in a transaction, I ‘switch hats’ depending upon whom I am meeting. For example, if I am meeting with the seller, I will not in any way (body language included) indicate the buyers stance on an offer. It’s just not ethical.
Post # 7
It’s fine but I wouldn’t use the same agent, just contact another agent and ask them to show you the house. i used the “related” agent (and listing agent) when buying my first house and looking back it was a mistake. I was young and didn’t know any better, and there’s lots of things the agent should have told me but didn’t and I’m certain it was because they were related to the sellers (even tho they aren’t supposed to, not everyone is completely Impartial)
Post # 8
I would get another realtor.
Post # 9
@MarieeToBee: I bought a home from a woman who used her cousin as her realtor. The sale went fine. The sellers realtor will always work hard for them whether they are related or not. I don’t think its a big deal. Good luck!