"Trust But Verify"...Reagan...It's Your Responsibility Buyer's Agent!!

Real Estate Agent with John L. Scott Real Estate / Yelm

I couldn't have said this better myself!

We are told a lot of things, some of the time.

We are told next to nothing, some of the time.

Either way, doing the basic research about the house, verifying square footage, getting your own home inspection, looking at the market as a whole to make sure the value is there are just some of the basics that should be done in a real estate purchase.

Original content by Barbara Todaro 104763

As a buyer’s agent, it’s your responsibility to investigate and verify the information that’s being provided in MLS by the listing agent.  Buyer agents cannot assume that information submitted by listing agents is accurate. 

One of the most common mistakes is the number of bedrooms that are listed.  If a property does not have public sewer, the approved septic design will dictate the number of bedrooms that a home can legal provide, regardless of the space available.

Buyer agents need to verify by retrieving a copy of the septic design from the board of health; investigating the rules of the town; and provide this information to the buyer.  This information should be shared with the listing agent, but we are not our sister’s keeper. 

A buyer’s agent can’t police every error in MLS, but a buyer’s agent must provide the correct information to her buyer if a property is of interest and advise accordingly. 

The appraiser should be researching the property at the town office, but we can’t assume that all appraisers do their job properly.  The only protection a buyer’s agent can depend on is the information found by her/him after personally investigating.  It’s your job to make sure that all information provided to MLS is accurate.  Don’t rely on the listing….that information is as good as the listing agent who represents the property!!

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Comments (1)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Bill....thank you for the reblog....I appreciate it....

Jun 09, 2012 01:59 AM