Using Instinct When Trusting a Home Buyer
Agent, Contract and Inspection Decisions are Key
By Kathleen Rundle, published Oct 08, 2007
Published Content: 44 Total Views: 9,263 Favorited By: 16 CPs
Finding an Agent
The agent with the billboard off the freeway certainly does have a lot of money, and that means he does a lot of business. If you live in a seller's market, he may be a great agent for you. He has lots of connections and can probably make a quick sale for you. If houses don't tend to sell themselves in your area, you may want to find someone less successful. That big time agent isn't going to want to waste his time working to sell your house. He has plenty of others to rely on and can afford to wait however long it takes for yours to sell too. A new agent really needs the sale, and the customers, though. Someone new to the trade will really fight to sell your house for the best price she can. She's also less polished and so more likely to be honest with you. She just doesn't have as much practice creating believable real estate deceptions.
Going without an Agent
Alternatively, you could sell your house yourself. You'll still need someone to handle some of the papers, but you can rely on the buyer's agent or only hire out what you can't do yourself. This saves you money but can be overwhelming.
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Did You Know?
"One of the most common cases of real estate fraud I've seen are forgeries by spouses and family members," says Bert Rush, senior vice president of Santa Ana, Calif.-based First American Title Insurance Co.
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