Profile picture for user929865

My son is working with an agent who continues to show him homes that are far beyond what he can affo

His wife is unwilling to switch agents.  The agent is using our income to search for homes even though we have told her that my son is going to be the one paying the monthly payments.  It is causing major strife for the whole family because she gets them excited about these homes and they now have unreasonable expectations for a home.  I believe this is irresponsible on the part of the agent.  I need some help!
  • March 29 2012 - Clearwater
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Answers (7)

Profile picture for Appraisal guy

Maybe your son can't afford a home yet. I've met several Realtors that told me that what the client wants can't be found.

Or maybe the Realtor wants a bigger commission check.

Ask more questions.

  • April 03 2012
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You've had some good advice. If you still have difficulties let us know and we'll be glad to help again. One question to ask is did your son sign a buyer/broker agreement.
  • March 30 2012
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Profile picture for nwhome.us
I'll just add to the excellent advice that is rather unanimous here, that it is the client that sets the search criterea and in most cases is finding the homes on the internet that they want to see.
The agent may be pointing out that the criteria are not matching the budget and need to be revised. For example if the criteria are for 3 beds and the only results are homes that are out of the price range, then the criteria may need to be revised to 2 beds in order to fall within the budget.  That is the only way that the search will return results that meet the budget.
  • March 29 2012
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Profile picture for Ofe Polack
This whole proposition sounds a bit confusing to me, so probably it is as confusing to the buyer agent.  You all should have a meeting with the buyer agent and explain clearly the price range that should be shown to your son.  At the same time, a lender should sit down with all of you, and suggest the price range, that way when the buyer agent calls your son for a showing and he already knows that it is above his comfort zone, he can refuse looking at the property.    These family situations usually cause a bit of friction, good luck hope you can make it work.
  • March 29 2012
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Profile picture for Joe Mosher

You may need to have a conversation with the agent directly to address your concern. I am sure the agent will get the message clear if its coming from you. Let the agent know what the "strife" this is causing and that their isnt anyone who is happy with this process.

  • March 29 2012
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Who are the pre-approved buyers? Your son and his wife or you? Maybe the agent is unclear about this and needs to be reminded of the price range that the Buyer is looking for. Even if it is you - you are looking for a specific price range - and for her to show homes above and beyond that price range is a waste of time - for everyone. 
  • March 29 2012
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Profile picture for wetdawgs
Your son and his wife need to sit down with the agent and share information on what they (and they alone) are qualified for and show a pre-approval document from a lender.   How an agent would have your income  in mind (or even know it) is beyond me, but so be it.    If your son and wife are not able to show pre-approval for a certain level, and the agent hasn't asked, then let them have their fun and games but they aren't going to be able to close on the house.  It is certainly wasting a lot of time.
  • March 29 2012
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