I am in the market for buying a home in silicon valley California. I was visiting an open house and got talking with the agent there. According to her it is important that the buyers agent has over 3 years of experience. An offer will get accepted based on the $ amount offered, experience of the agent and how he/she presents the offer and how well known the buyer’s agent is. Hiring an agent who is relatively new and less known will definitely hurt the buyer.
I was wondering how true this is. Also what is involved in "presenting" an offer, what does the buyers agent do?
Thanks
MNN
I would call 3 years green. I would want 20 plus myself.
Connections count. Believe me, there is plenty of back scratching going on! The sellers will not know about it, but the agents can influance how fast and how to their liking certain things are done (like appraisals, inspections).
The only thing I can think of in "presentation" is getting everything correct. The offers are done on forms and there isn’t much to it.
January 31st, 2010 at 1:27 pm
Well, why don’t you position yourself as a seller?
Do you think it’s true?
Myself only accept the higher offer. So the Real estate agent, whoever he/she is, as long they can bring the higher offer buyer. They win.
Off course the experience will play a role, the higher it is. the more knowledge on market and regualtion they have, and also they already have a clients base but it doesn’t mean the newer agent can’t do it, as long they have a wide network.
References :
January 31st, 2010 at 2:07 pm
I would call 3 years green. I would want 20 plus myself.
Connections count. Believe me, there is plenty of back scratching going on! The sellers will not know about it, but the agents can influance how fast and how to their liking certain things are done (like appraisals, inspections).
The only thing I can think of in "presentation" is getting everything correct. The offers are done on forms and there isn’t much to it.
References :
January 31st, 2010 at 2:46 pm
Why not interview some agents- I know some that are relatively newbies but as sharp as tacks. How well known the agent is is a crock-negating plays a large part in any transaction. The agent in question certainly was soliciting for your business, interview some- get comfortable, you’ll find just what your looking for. Perhaps you have a friend who can refer you to one its always a safe bet.
References :