I am going to purchase a house that is owned by the listing agent. I am a first time home buyer and not an investor. Should I find a buyers agent or trust the owner/listing agent. Thank you in advance for any input.
@Mike Ayers - find your own buyer's agent.
It s a FSBO or listed?
While you may be in a state that allows double representation it generally is not a good idea assuming you need representation. If you’re comfortable making all your own decisions then it may be and added bonus to your offer that you will allow the listing agent/owner to represent you.
Theoretically agents are required to represent the interest of both buyer and seller equally in these situations but being that an agent doesn’t get paid unless they make the sale and the added fact that this agent is also the owner it would take a very special person to maintain appropriate ethics.
My advice would be if you wouldn’t be comfortable buying a random property without an agent then you need to get your own agent in this circumstance.
@Brie Schmidt - It was FSBO and Listed. The property is owned by the listing agent; She is a flipper in a very small town. I am in a lease with option to buy right now, and have every intention of buying the house, however I am getting a little apprehensive as there are things that need to be fixed before the purchase is closed on. Maybe I am just being overly cautious.
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