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Replies (4)
- sunnyview
- Contributions:25127
No. The sellers agent works for the seller s they do not need to give you the CMA. However, if you have an agent, they will have access to all the same listing and recent sale information as the sellers agent via the local MLS.
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
No, and if you were I would not trust it. Get you own agent.
Is this new construction ? If so, still get your own agent.
Is this new construction ? If so, still get your own agent.
- nelson8989
- Contributions:12
I viewed this listing via the sellers agent. I had called him regarding info on the home and ended up letting him show it to me..wrong I know. Because I used the seller's agent (and he knows I'm interested in this overpriced property) do I forfit my rights to the CMA? I don't believe, by law, that I can now use another agent regarding this property.
- Michael Emery, "MikeEmery"
- Contributions:7290
What you need to know is a CMA is a snap shot in time.
Imagine going out in your front yard and taking a photograph. Then go back in a month and attempt to take the same photograph. Before there were leaves on the trees, now there is snow on the ground.
From the day a CMA is completed, the information is becoming dated. The value of the property is either improving or (more likely) declining. Which is why when I list a home I warn the seller we will revisit the value of their home within 30 days of listing to determine whether market conditions of cooled or whether public opinion dictates that the CMA was too ambitious and the home was over valued from day one.
If you did not sign a buyers representation agreement, there's a good chance you can find your own agent without fear the listing agent will interfere. In some states both buyer and seller have to agree to 'duel agency' This is where buyer and seller are represented by the same agent. Chances are the seller won't want you using their agent for the transaction, so it may well be a moot point if the listing agent insists on representing you. Just say no.
Just tell your agent that you had previously seen the property with the listing agent and let them deal with any issues of procuring cause. My guess is a friendly phone call between agents will end any issue.
Imagine going out in your front yard and taking a photograph. Then go back in a month and attempt to take the same photograph. Before there were leaves on the trees, now there is snow on the ground.
From the day a CMA is completed, the information is becoming dated. The value of the property is either improving or (more likely) declining. Which is why when I list a home I warn the seller we will revisit the value of their home within 30 days of listing to determine whether market conditions of cooled or whether public opinion dictates that the CMA was too ambitious and the home was over valued from day one.
If you did not sign a buyers representation agreement, there's a good chance you can find your own agent without fear the listing agent will interfere. In some states both buyer and seller have to agree to 'duel agency' This is where buyer and seller are represented by the same agent. Chances are the seller won't want you using their agent for the transaction, so it may well be a moot point if the listing agent insists on representing you. Just say no.
Just tell your agent that you had previously seen the property with the listing agent and let them deal with any issues of procuring cause. My guess is a friendly phone call between agents will end any issue.
CMS's and the buyer
Comparative Market Analysis, if the selling agent did one?
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