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Updated over 5 years ago on . Most recent reply

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First time home buyer -- Realtor Question

Posted

Hi everyone,

I'm a first-time home buyer, looking to purchase a house that's under market value, fix it up, live there a couple years then rent it out. I found what seems like a good property and am ready to make an offer. When I went to view the place, the listing agent's partner showed it to us and said that she would represent us in the deal while her partner would represent the seller. 

Are there any red flags that appear with this arrangement? Should I insist on bringing in my own agent to represent me?

Thanks!!

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Charlie MacPherson
  • China, ME
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Charlie MacPherson
  • China, ME
Replied

@Samuel Brian McKenzie It sounds like the listing agent is trying to avoid being a dual agent (representing both sides simultaneously).  Their firm or even their state may not allow it.

You have no relation with the showing agent other than the fact that they opened the door.  If it were me, I'd find another agent that I trust and have them represent me in the transaction - though there could be a battle over who gets paid, so that needs to be specified and agreed to in the offer.

You need someone who will represent you and your best interests.  Two agents from the same firm could conceivably do that, but I'd be more comfortable with an arms length transaction.

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