"Buyers Agent" Interview, Please Critique.....
Hello,
I need some input on "buyers" representation I interviewed today.
This guy was referred by the www.naeba.org
I checked him/his company out on the BBB.org & did not see any negativity.
I'm looking at a property (co-op) in Queens New York.
Its $159,000 & $855 in maintenance including gas/electric.
After meeting with this gentleman (he was very late):nono:, I explained to him that I'm was looking to situate my parents in more safe dwelling as I leave for school.
He was somewhat unprepared for our interview stating "research was done on the property but I left it home". We pulled up the property on his PC & he made some calls etc.
I told him the target price I'm seeking (under $200,000), & I observed his method for searching properties on the PC, which was for $220,000, he was confident he could negotiate the price down.
Regarding the fees. He carries a 3.5% fee payable from the purchase price.
He wants a initial fee of $495.00 upfront in the form of a check which will not be cashed until I agree to use his services to acquire the property.
This $495.00 will be subtracted from the 3.5% commission.
After we had gone through the minutia details, he states that he would assign one of his employees to handle my acquisition of the property.
I though I'd be dealing with him, not a employee.
I've got a few other agents to interview, but would very much appreciate and critiques regarding the above situation. :shock:
Regards
Fess