Profile picture for khcable

Who's on First, Who Does What: Buyer Agent and Client

I'm seeking to property in NC.  What should I expect of my Realtor and what due diligence should I exercise in getting info on condo prospects?  I'm confused.  Should I get the deed and prior owner info, as well as HOA info for units of interest?  I know my Realtor is busy and I feel he / she would be more prone to look out for my interest at "crunch" time of offer, should I not tire him / her out with needless leg work (that I can do in advance).  Any advice appreciated. 

Lost in NC
  • October 05 2011 - US
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Answers (15)

A Realtor has a due diligence to his or her client.  They work for you!  They only get paid if you buy something.  The information that you are asking about could be obtained easily by a Realtor.  That's why were here!  Contact 2 or 3 and speak to them about your needs and pick whoever you feel most comfortable with!  You won't be sorry!  Good Luck!

  • October 05 2011
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Profile picture for sunnyview
I think that you're asking a good question. Some agents appreciate buyers who are interested enough to do some early legwork, others don't and feel uncomfortable with buyers who are willing to take more control early on.

You need an agent that is willing to tell you what you may not know, give you information to sort through on your own if you want and to help with any issues as much or as little as you would like as a client. The amount of legwork you are willing to do should have no effect on the agent's willingness to work hard for you as long as you find the right agent.
  • October 05 2011
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Your realtor should answer ALL of your concerns in regards to the purchase. That is his job. He could probably get all that info in a third of the time it will take you because he knows where to look. Talk to him.
  • October 05 2011
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Profile picture for hpvanc
Be extremely wary of an agent that wants to "answer ALL of your concerns in regards to the purchase."  Yes they can probably get the information faster and easier, they also may filter and spin the information in a way that is detrimental to you make the right decision.  That said it may be difficult for you to get "deed and prior owner info, as well as HOA info."  If you are unable to get it, do ask your agent to get it for you before making an offer.
  • October 05 2011
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I am not sure what point you are trying to make. You should be wary of agents who try to help you? Who should you trust? Agents who won't help?
  • October 05 2011
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Profile picture for hpvanc
Consumers need to take responsibility and verify/validate the information that their agent provides them.  I would be extremely uncomfortable with or suggesting that someone trust an agent that want their clients to use them as a sole source of information.  I agree agents should be helpful and forthcoming with information, but they also need to be willing and encourage clients to do research on their own.
  • October 05 2011
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Find an agent in your desire area with a great reputation and track record for what you need. That agent will probably put your needs first.
  • October 09 2011
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Profile picture for sunnyview
Yes a good agent will put your needs first, but you also have to find an agent who will respect you need to gather find information, trust you to make your own decision and does not feel that they need to make the decision about buying for you.
  • October 09 2011
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Suggest you itemize what you consider a MUST have, and items of second importance. If the agents contacted replied interested. Sign a agency disclosure. What his roles are and what your roles are.

Often buyers are withholding info on finances etc. Suggest you contact
a name brand(franchise). I work for Keller Williams. Nothing wrong with
Coldwell Bankers etc. They have more rigid requirements what it takes to go through a referral program at no cost to you. Also the broker is utimately responsible to oversee the success of a closed transaction. If you have concerns or grievence you call the broker.
  • October 09 2011
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The best agent client relationships tend be those in which a client is pro-active. To what extent is to be debated, but I promise you that any work you do to assist your agent will only be returned to you four fold in terms of mutual appreciation which will yield you strong results (in terms of obtaining other info you are not aware of, all around negotiations, and speed of communication).

As an agent you will always have clients who have zero motivation to do anything, and expect you to handle every aspect including waking them up and bringing them to a showing. It happens. And that's the reality of the business. But the reality of being human, is that people, when possible, try to do something which may help the other. And that love is always returned in a stronger unison, no matter how temporary, that yields results far greater than a one sided relation.

Wow! Was that too deep for this board...

  • December 01 2011
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Profile picture for Dunes ..
"But the reality of being human, is that people, when possible, try to do something which may help the other. And that love is always returned in a stronger unison, no matter how temporary, that yields results far greater than a one sided relation."

I think the current situation in our Nation suggest otherwise
We do have a lot of good talkers though
  • December 01 2011
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Profile picture for JSteinHomes
It seems that some agents may be a bit overzealous in an interest to protect their own interests.  If you've been bitten by a client in the past who feels they no longer need you at a certain point (read: to pay you) after you've put in the work can leave some folks a bit gunshy. Fear is a big motivator in these cases.
  • December 01 2011
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I'd communicate openly with your Realtor about your particular real estate needs and desires. If you tend to be proactive and like to gather data let him or her know. You guys are a team with a common goal.

Make a short list of questions that you want answered on all potential properties. Often MLS doesn't give you everything you need. As an example you will probably want to know monthly maintenance fees, pending or current assessments, restrictions on leasing your unit, max pet weight, etc...

What I suggest is you ask your Realtor to try to set up the MLS search so as to exclude what you don't want and include what you do want. Then you go through the listings personally and make a short list of the properties you like the most. Ask your Realtor to gather info on this short list so you can further narrow it down.

Of course you can get the info yourself if you enjoy research. But any Realtor that has a brain and decent work ethic will work diligently to get you all the info you need in a timely fashion.
  • December 01 2011
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Profile picture for Sharon Lewis
Lots of information for you here. Most agents will sit down with you and spend an hour or more to walk you through the process. The first thing you need to do is make sure you can afford the home you plan to purchase so please get preapproved or prequalified. 
By the way, your Realtor should be getting all that, the HOA information etc.Remember this, you have 'hired' them to work for you, paying them later,and you expect the best service possible. Ask to see their list of what they do. Most of us are passionate about our clients and about our jobs, we want only what is best for you, we work hard to make sure you get in to the right home at the right price, its our job to help you to the best of our ability. 
  • December 01 2011
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I love your enthusiasm about doing some of the work yourself, but find a realtor you trust and who you enjoy being with and let them handle their tasks.
  • January 04 2012
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