04-23-2011 01:24 PM
I want to buy a foreclosed home. Every time I find one I'm interested in, a Realtor supposedly in charge of the property contacts me, I run into issues. Such as, when I ask to see the inside, one actually said I can't and another never got back to me. They all end up sending me $400, 000 homes something I told them initially is out of my price range. How do I weed out the agents who actually wants to sell a house not get people who just seem to answer emails and have know idea about anything.
One a last note do people actually buy homes without seeing it first? That would seem ridiculous.
04-23-2011 06:09 PM
It sounds like you don't have one agent working for you. If you are not registered as a buyer on ziprealty.com I recommend that you sign up - it's free and we have really great Realtors who pride themselves on giving excellent service (I know because I am one of them). If you are registered on ziprealty.com and you are not getting excellent service you can request a different agent from the site. Meet with your ZipRealty agent - he or she can explain the home buying process and you can let him/her know what you're looking for. We'll send you listings that meet your criteria and get you in to see the listings that you like. Once you have found the right house, your ZipRealty agent will prepare an offer to purchase and represent you, safeguarding your interests, all the way through closing.
I would avoid calling listing agents directly - they have a fiduciary duty to the seller and may not be able to represent you as well as a buyers agent can. I would also recommend against having more than one buyers agent with some sort of "whoever finds the house first gets the deal" competition. Most good agents will not want to play that game.
As for buying a home site unseen, that is very unusual and I would advise strongly against it. Sometime sellers list a property asking for offers "subject to inspection". This means that prospective buyers will not be able to see the house prior to making an offer, but the offer is contingent upon the buyer approving the condition of the property after the offer is accepted. This is most common when the property is occupied b a tenant who is less than cooperative or possibly does not know that the property is for sale.
I hope this helps - Good luck!
04-24-2011 10:59 AM
I've made offers on homes with clients so we can get access to the house. Typically this occurs with tenant occupied homes or multi-family homes but I've seen it in all situations.
You will mainly see this with reluctant short sales.
It is frustrating for new buyers but one thing that all realtors will tell you is that you can back out of the purchase in case the home doesn't meet your needs. Sadly, this process seems to waste time rather than get truly serious buyers interested in a home.