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Buying my first house **update** offer accepted, I got a house.

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ChadTower:

Heh.  And if you sell a house, be sure the buyer knows your games aren't staying.  Some people will assume they are "appliances".

lordtodd75:
I am speaking with an agent that works on behalf of the seller. Can I trust this agent when it comes to getting everything done(ie. inspection, etc.) God I hate not knowing who to trust and what to do. When do I hire an attorney?

Jdurg:
This is where having a real estate agent is very nice because he/she will handle the attorney acquisitions, etc.  You should have your attorney PRIOR to making the offer.  The attorney will read through the legal offer and make sure everything is up to snuff. 

An Agent's job is to make sure that, within legal bounds, their client gets the best that they can get.  An attorney is just there to ensure that everything is legally acceptable.  Basically, if it's not required by law the seller's agent won't go out of their way to ensure that it is done.  So keep that in mind.

In all honesty, getting a real estate agent isn't a huge expense.  They get their payment from the seller, not the buyer.  As a buyer, you really don't end up paying the agent anything.  When I bought my house, there was no payment to the agent.  Their fees were part of the closing costs that that the seller paid for selling the house.  It was quite nice.   ;D

ChadTower:

--- Quote from: lordtodd75 on February 11, 2008, 11:27:32 am ---I am speaking with an agent that works on behalf of the seller. Can I trust this agent when it comes to getting everything done(ie. inspection, etc.)

--- End quote ---


NO.

You can get a buyer's agent.  They get paid out of the realtor's commission - so nothing out of your pocket - and they will help arrange all of the stuff on your end.  If you've already found a house that is just easy money for the buyer's agent.

shardian:
So you are saying the seller has a realtor? I thought you were doing a private sale. If they have a realtor, then you definitely should get your own representative. By all means, do NOT let the sellers rep also represent you.

You can get a realtor to be your rep and it won't cost you anything - their cut comes out of the realtor cut that the sellers rep would get.

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