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Old 11-30-2012, 05:01 PM   #1
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Any tips for House Hunters ?

A friend and her hubby FINALLY sold their house after about a year. Escrow closed and they are looking for a new home. Fixer-uppers not an option.

She has talked to a realtor whose office is in the area which interests her. Good start.

We advised her to drive around in any neighborhood that seems appropriate and look for For Sale signs. Also look for For Rent signs on the premise that on a long shot the owner would like to sell or lease with an option to buy.

If in a nice neighborhood, in their price range, park the car and walk around. Start a conversation with any neighbors and ask if they know of anyone who is thinking about selling. Sell your self by dressing nicely and be polite, not overbearing.

Any other tips for our friends ?
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Old 11-30-2012, 05:07 PM   #2
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Advise her to bear in mind that realtors are always obliged to represent the interests of the seller.

Many folks forget this and once a realtor starts showing them properties come to think the agent is representing them. They're not. For that kind of representation, it's necessary for a buyer to hire a buyer's agent, a completely different thing than a realtor.
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Old 11-30-2012, 05:16 PM   #3
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Driving and walking around seems like a huge waste of money for gasoline and time to me. You can find every house for sale in an area on line via Realtor's web sites, MLS, Zillow and others. You can also easily find FSBOs and rentals on line. There are enough pictures that anyone should be able to narrow the choices.

You can also find crime rates, school ratings, resident income and education levels, ethnic make up, traffic accident rates, retail close by and recreation opportunities and anything else you wish to know about a neighborhood. When we moved from the cold to Florida, we pretty much had the neighborhood and resident choices picked. The drives were saved for the last steps.

Good luck in their search.
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Old 11-30-2012, 05:38 PM   #4
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Realtor obligation

Realtors are NOT always obligated to represent the sellers interest. This obligation varies from State to State, and is based on State Liscensing Law.

If you want a Realto to work for you - hire one to be your buyers agent. They then work for you. If you look at one of their listings, there will be a clearly disclosed conflict that has to be resolved in accord with both the State Law and the National Association of Realtors code of Ethics.

There are some Realtors who specialize in being buyers agents only.

Also, remember that All Realtors are liscensed Agents or Brokers, but not all liscensed Agents or Brokers are Realtors.

I am both a Realtor and a liscensed agent.
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Old 11-30-2012, 05:42 PM   #5
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Quote:
Originally Posted by Francesca View Post
Advise her to bear in mind that realtors are always obliged to represent the interests of the seller.

Many folks forget this and once a realtor starts showing them properties come to think the agent is representing them. They're not. For that kind of representation, it's necessary for a buyer to hire a buyer's agent, a completely different thing than a realtor.
In many states that is not true. In Michigan for example a REALTOR must legally disclose early if they the agent for the Buyer OR the Seller. A REALTOR needs signed permission from both to be the agent of both.
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Old 11-30-2012, 05:57 PM   #6
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Are they moving to a completely new area / state?

I can give you a few pointers in the house hunt..Even though we did this many years ago.

Look at many homes in your general area you want to target. I think we looked in a general area of 4-5 cities. I remember one split level that after about 20 homes we viewed that kind of hit us both....But something just wasn't right...the realtor happened to say something about there was water damage where the whole bottom level was re-done...Upon more digging I found out that the whole street of homes have flooded many times over the years....That kind of explained why it was a little under the going price for its size....There was no way I would take a chance like that.

After maybe 10 more homes viewed I happened to see in the local paper a "for sale by owner" ad for a very well kept home....Having viewed many homes in that city over a 6 month period, I knew the price ranges....In the end we offered full asking price because I believed the owner under priced the home, but he also knew he had a home that had a lot of street appeal and he would be saving the commission fees. That evening we were signing papers....That was back in 91'.

I wasn't really thinking about staying in this home more than 10 years. I though we would be moving up to new home. But I can say this house is just right...It's only 4 miles from work, 2-3 blocks from shopping, 1-2 miles from both North & south freeway....At the time we were only tent campers. 80% of the homes in our city you would not be able to park a RV on. Thank God we have some space to get our 25' tt up the drive and park it in front of the garage....

In closing, I can just say you are going to have to take your time in searching for that home that works for you...Especially if you are new to that area. We lived about 2 miles away and I had grown up in the next town...So I kind of knew the area.
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Old 11-30-2012, 06:00 PM   #7
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Originally Posted by RandyMWV View Post
Realtors are NOT always obligated to represent the sellers interest. This obligation varies from State to State, and is based on State Liscensing Law.

If you want a Realto to work for you - hire one to be your buyers agent. They then work for you. If you look at one of their listings, there will be a clearly disclosed conflict that has to be resolved in accord with both the State Law and the National Association of Realtors code of Ethics.

There are some Realtors who specialize in being buyers agents only.

Also, remember that All Realtors are liscensed Agents or Brokers, but not all liscensed Agents or Brokers are Realtors.

I am both a Realtor and a liscensed agent.
I stand corrected- check your local laws in this respect!
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Old 12-03-2012, 02:26 PM   #8
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Understand why one likes the area. Then determine a neighborhood that compliments why one likes the area. Contact a Realtor who specializes in the neighborhood. Let the Realtor do the house hunting for you. They should narrow the choices to the best that meets your requirements.

If I get the feeling a Realtor is just a tour guide (not hard to do), they are fired really quickly.
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