Can you go to an open house without an agent? Yes. But there are many implications to consider if you choose to tour a home without a licensed agent to represent your interests.
To make a home more readily available to prospective buyers, many sellers put the house on a secure SUPRA lock box. This allows the home to be included in MLS scheduling platform(s) to easily offer available times for showings, avoiding the potential hassle involved with multiple showing requests. Additionally, many home-sellers have all but eliminated “by appointment only” requests as it creates an additional scheduling barrier.
Insist that your agent uses the SUPRA Electronic Key for access - This is the most common form of access for all agents. You and your agent will then have documentation of every agent that shows the house with a buyer, as each entry is logged.
Manual combination boxes: While these are relatively easy to use and cheap, they require communication to provide the combination lock number. This becomes a barrier to an immediate response. Furthermore, accessibility cannot be controlled. You don't know who, what, or when someone has entered the home. Buyers and agents can access the home repeatedly, with or without your knowledge, and can be easily provided to others for access. This can easily pose several risks that can easily be avoided by employing the SUPRA lock box system.
HomeTraq provides the superior home-shopping experience, at no cost to you. Simply find a property, take a live video tour, and make an offer. No obligations, no commitments.
"Procuring cause" is a real estate term which agents, brokers and sometimes buyers use to determine who will receive the commission on a house sale. It is widely identified by the specific tasks performed by a real estate agent which lead to an accepted purchase contract and successful sale of real estate.
In many cases, the "procuring cause" task could be identified as the first showing of a house by a real estate agent which a buyer purchases. "Procuring cause" could also be construed to mean the task of writing and negotiating the purchase offer. Since there is no hard and fast rule as to what specifically triggers "procuring cause", its easy to see how this situation can get tricky.
As a seller, you'll want to know exactly how the agent will sell your home. Is a direct mail campaign appropriate? Why or why not? Where and how often do they advertise? What kind of photography do they offer? Do they market online? What steps will they take to prepare your home for sale?
You can call the selling agent to setup an appointment to view a home, but not having your own representation could be tricky...
When you speak to an agent at an open house, call an agent for more information about a house, or ask an agent to show you a home, you might be opening a can of worms for yourself if you don't intend to buy a home through any of these agents. Don't make the mistake of leading an agent on, even unintentionally, because it can come back to bite you.
The real estate agent and brokerage who have a home listed for sale represent the seller and that person's best interests. The listing agent is contractually obligated to report to the seller all activity & material facts they learn about the local market and potential buyers.
Many buyers wonder if the listing agent of a home they are interested in will show the home to them. The answer is "yes", as the listing agent is obligated to show his or her client’s home. A listing agent is hired by the seller to work 100% for the seller’s best interests.
Additionally some buyers wonder if they can save some money by going directly to that seller's agent to buy the home. On the surface, the thought of cutting out the "middleman (a buyer's agent)" may sound like a way to save time and money. While it may save time, the buyer will NOT save money on that specific purchase transaction.
Interviewing potential real estate agents before deciding on whom to hire is a good idea. It’s in your best interest to ask them some or all of the following questions to gauge their knowledge and fit with your needs. Take a look below, and let us know if there are any other questions you’ve found valuable when interviewing agents.
Coming Soon listings continue to become more common as the local housing inventory tightens. It causes concern among buyers, sellers and real estate professionals. It has prompted real estate commissions across the country to issue guidance on the topic. Here’s what you need to know to keep informed and to understand all sides of the equation.