Quick Answer: Should You Have Your Own Realtor When Buying A House?

Is it OK to use same realtor as seller?

Working with a seller’s agent is always an option when you’re buying a house, but should you.

In the real estate biz, one agent representing both the seller and the buyer is called dual agency.

Although it’s legal in some states, many real estate agents—and house hunters, too—see dual agency as a conflict of interest..

What is a good down payment on a house?

Typically, mortgage lenders want you to put 20 percent down on a home purchase because it lowers their lending risk. It’s also a “rule” that most programs charge mortgage insurance if you put less than 20 percent down (though some loans avoid this).

What day of the week do most house showings occur?

Saturday and Sunday are the busiest showing days on my listings. I think it is simply because people have the weekend off… The best times are between 11 – 4.

What should I fix in my house first?

Repairs Worth Making Before You SellPaint. Paint is one of the cheapest, easiest ways to update the look of your home before you list it. … Exterior. The exterior is the first thing buyers will see, so you want it to look good. … Kitchen. … Bathroom. … Lighting. … Refinishing Hardwood Floors. … Functionality. … Pre-Sale Inspection.

Why do Realtors leave cards after showing?

The card is left for the benefit of the listing agent, so he can see the other agents who have shown the property. This also provides an opportunity to follow up with said agent to get their reaction and the reaction of the client. The agent then will convey this information to the listing owner .

Should I use my own realtor when buying a house?

A: Absolutely, you should engage your own Realtor just to preview a property. If you ask the listing agent to show you the property, theyhave a duty to tell the seller anything you said (materially of course) about the house or situation.

What should you not tell a realtor when buying a house?

Here are nine things you should never say to a real estate agent.“The most I can pay is $600,000” … “I think the property is worth X dollars” … “My current property settles in one month and I need a new a new place before then” … “I’m so nervous/ stressed/ upset” … “This is the property of my dreams and I need it!”More items…•

What happens if I don’t have a downpayment for a house?

You can only get a mortgage with no down payment if you take out a government-backed loan. Government-backed loans are insured by the federal government. … You may want to get a government-backed FHA loan or a conventional mortgage if you find out you don’t meet the qualifications for a USDA loan or a VA loan.

Do Realtors show houses at night?

As far as showing at night to cover something up, a buyers agent does not want to cover anything up. They want to see everything. If there is an issue with a house which was overlooked by the buyer it is likely to be discovered by the home inspector and they do their inspection in the daylight.

Is it bad to only put 5 down on a house?

A 20% down payment on a house is a lot of money, no question about it. … Many lenders will have no problem giving you a mortgage with a down payment of as little as 5% — or just 3.5% for a FHA loan (if you qualify) and some other government-insured programs. Of course, putting down less than 20% has its drawbacks.

What should a first time home buyer know?

Preparing to buy tipsStart saving early.Decide how much home you can afford.Check and strengthen your credit.Explore mortgage options.Research first-time home buyer assistance programs.Compare mortgage rates and fees.Get a preapproval letter.Choose a real estate agent carefully.More items…•