Profile picture for Jaantjies

Shopping for home with real estate agent, but could have option to buy current home.

We are going to start looking for a home to buy soon and the real estate agent is all fired up.  But I know our current landlord will make me an offer on the house we're currently renting from him.  (He's getting old and the house is far out and ... that's not the point I'm getting to...)
I still want to see what the agent has to offer.  I still want to compare houses.  How do I tell the real estate agent the is a slight chance she might be showing us the houses and not make any money off a sale?  Is it even O.K for me to do it like that?
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May 06 2011 - Kansas City
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Answers (6)

Best Answer
Jaantjies

I have to agree with David Ma - Truth is always the best policy.

If she chooses to not work with you - be thankful - she didn't have your best interest in mind and was not putting you and your needs first.

However be congnetive of her time and offer her some compensation if you do not use her as your Realtor - Referrals, gift certificate, something to show you appreciated her time.

Maybe even pay her a flat consulting fee to help you review documents and negotiate the purchase of the home you are renting to protect yourself and reward her.

Good Luck
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May 08 2011
  Your Realtor works for you. You need to be upfront with her before she runs all over town. Gas is almost $4.00 a gallon and her time is money.
  It would be in your best interest to have your Realtor involved to help you through inspections, negotiations, and gathering all the needed signatures on the tons of paperwork.
  She works hard to represent you and deserves to make a paycheck. Think of it as someone asking you to do your job sun up to sun down for a few weeks and then you find out you weren't making a paycheck to do it.
  The seller pays commission and your landlord should pay her.
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June 03 2011
Usually your landlord may have his own agent/lic or, planning to cut the comission out.

But, like you mentioned, it never hurts to ask.

Just don't forget to do all the work. title check/insurance and inspections. Treat this house as if this is a house that you just saw on the market.
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May 08 2011
Profile picture for kristisar
Just curious, would you not be willing to use the agent to purchase the home you are currently in? If you didn't buy it, there is a great chance he would have to pay someone else a commission, so why not ask the landlord if he is willing to pay your agent should you decide that home is the best for you? This is assuming you still would want the help agents can bring such as running comps, negotiating and helping with the buying process, which I figure you do want since you are going to be using the agent to look at other homes.
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May 07 2011
It's best to explain this situation to your Realtor. The Realtor should show you the other homes on the market for you to make a prudent decision. 

Whether you would like to stay and purchase your rental is understandable and your Realtor should understand that it may be an option you wish to pursue. 

Best of luck. 
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May 07 2011

Honesty is usually the best, just let her know upfront the situation.



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May 06 2011
 
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