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SHOULD I BUY A HOUSE FROM THE PERSON HOLDING THE OPEN HOUSE?

By
Real Estate Agent with Keller Williams Realty BRE# 01490574

Well, that depends!

  • Is the house listed with a Realtor or is the homeowner trying to sell it himself? 
  • Is the Open House being held open by the Listing Agent, another agent, or is the person even a Realtor?
  • Have you been working with a Realtor who you like and trust?
  • Do you have a written agreement with a Buyer's Agent currently in force?

Open House Sign

If you aren't currently working with an agent, don't be afraid to engage the person holding the Open House. Ask if they are the listing agent or on the listing agent's team.

Ask if they represent the bank.  Often visitors mistakenly think a person holding a Bank Owned Home open is somehow connected to the bank and they have secret information.

 IF...

If the person is the listing agent, then that person will be representing the seller.  You need someone to represent you.

If that person is the homeowner, whose interest is he/she most concerned with, probably not yours.  Who is going to protect you?

THEN...

If  you don't have a relationship with an agent and you like the Realtor who is holding the Open House, who is not the homeowner or listing agent, then by all means strike up a conversation and consider using that agent for your purchase.

If on the other hand, you have a relationship with an agent, why not let that person know you saw a house and you need more information about it.

If you have a contract with a Buyer's Agent to represent you, then you are obligated to work with that agent during the contract period.

The key point here is to remember that as a buyer you deserve to have your own representation!

Posted by

Nancy McNamee lists and sells property in Granite Bay, Roseville, Rocklin, Loomis and Lincoln as well as other Placer County locations.  She loves to help First Time Home Buyers by educating them about this ever changing real estate market.  Her experience with Bank Owned Homes and Short Sales as well as "regular sales" will help you as she negotiates on your behalf.  Since she has lived in the area for over 30 years she can help guide newcomers to the area that will best meet their needs.  Call Nancy at 916.708.4973 and put her experience to work for you.  CA DRE #01490574

Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

Good questions to ask as soon as possible!

Nov 11, 2009 11:21 AM
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

Great breakdown and explanation of when to use and not use a particular Realtor.

Nov 11, 2009 11:22 AM