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Question about using a realtor to buy


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#1 VIC.Local

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Posted 16 February 2020 - 02:40 PM

Looking to buy my first house, my father thinks i should use more than one realtor..

 

Is that a normal process or in bad taste?

 

My father has a good friend who been a realtor for over 40 years here in Victoria, i always assumed i would use him, but recently a friend i haven't seen in awhile just became a realtor and we have chatted little bit about what i'm looking for etc.

 

Do i use both and whoever finds me the future listing first gets it? do i stick to one realtor? can i use one exclusively for estate type sales? 

 

Just not sure how to proceed and any feedback would be appreciated 

 

 

 

 

 

 



#2 Rob Randall

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Posted 16 February 2020 - 03:10 PM

Both Realtors would be harvesting the same properties so the house you choose would have been brought to your attention from the other Realtor so there's no way you don't end up looking like a douche. The other guy gets screwed over.


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#3 MarkoJ

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Posted 16 February 2020 - 08:31 PM

Both Realtors would be harvesting the same properties so the house you choose would have been brought to your attention from the other Realtor so there's no way you don't end up looking like a douche. The other guy gets screwed over.

 

According to VREB surveys that majority of buyers find the home they end up purchasing and then they call their realtor to show it to them and help facilitate the paperwork/transaction.


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#4 MarkoJ

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Posted 16 February 2020 - 08:32 PM

Looking to buy my first house, my father thinks i should use more than one realtor..

 

Is that a normal process or in bad taste?

 

My father has a good friend who been a realtor for over 40 years here in Victoria, i always assumed i would use him, but recently a friend i haven't seen in awhile just became a realtor and we have chatted little bit about what i'm looking for etc.

 

Do i use both and whoever finds me the future listing first gets it? do i stick to one realtor? can i use one exclusively for estate type sales? 

 

Just not sure how to proceed and any feedback would be appreciated 

 

Not sure what you achieve by using two realtors to help you purchase?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2019 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#5 davidN

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Posted 16 February 2020 - 11:16 PM

Looking to buy my first house, my father thinks i should use more than one realtor..

 

Is that a normal process or in bad taste?

 

My father has a good friend who been a realtor for over 40 years here in Victoria, i always assumed i would use him, but recently a friend i haven't seen in awhile just became a realtor and we have chatted little bit about what i'm looking for etc.

 

Do i use both and whoever finds me the future listing first gets it? do i stick to one realtor? can i use one exclusively for estate type sales? 

 

Just not sure how to proceed and any feedback would be appreciated 

So let me get this straight. You are thinking that, instead of using a professional with over 40 years experience in the business, you are going to trust a friend who you " haven't seen in awhile" and just became a realtor with helping your make one of the biggest decisions in your life? Hmm - are you sure that you are ready to take the leap into home ownership?

 

Pass on the friend and let him learn the ropes. If he survives in a very tough business then use him next time.


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#6 Mike K.

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Posted 17 February 2020 - 08:40 AM

According to VREB surveys that majority of buyers find the home they end up purchasing and then they call their realtor to show it to them and help facilitate the paperwork/transaction.

That’s how I found my place, and used Marko for the transaction/guidance.

Don’t waste your time waiting on someone to show you what you may want to buy. Do the research yourself and have the agent set up the viewings. You’ll be living there, and you might find something listed that piques your interest that your agent would not have thought to consider.

Also, if you’re going to consider pre-sales, use Citified to research everything going on: www.citified.ca

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#7 DavidL

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Posted 17 February 2020 - 08:38 PM

According to VREB surveys that majority of buyers find the home they end up purchasing and then they call their realtor to show it to them and help facilitate the paperwork/transaction.

 

Not quite right, the vast majority first learn about a property that they end up purchasing through an agent's automated search system or directly from the agent themselves, and less than 15% through public facing websites.  The initial consult and setting up a search, plus how passive or active the agent is in the search all determine how successful it will be, some prefer passive, some prefer active, but virtually all qualified buyers are working with an actual agent guiding the process.  


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#8 LeoVictoria

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Posted 17 February 2020 - 08:43 PM

Not quite right, the vast majority first learn about a property that they end up purchasing through an agent's automated search system or directly from the agent themselves, and less than 15% through public facing websites. The initial consult and setting up a search, plus how passive or active the agent is in the search all determine how successful it will be, some prefer passive, some prefer active, but virtually all qualified buyers are working with an actual agent guiding the process.


Too bad they don’t separate out “through an agent's automated search system” from “directly from the agent”

I am hazarding the guess that the first is vastly more common than the second. And whether a client learns of a listing on realtor.ca or on a PCS search is really just semantics.

#9 davidN

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Posted 17 February 2020 - 09:49 PM

Too bad they don’t separate out “through an agent's automated search system” from “directly from the agent”

I am hazarding the guess that the first is vastly more common than the second. And whether a client learns of a listing on realtor.ca or on a PCS search is really just semantics.

Respect the hardworking realtor a lot. It is not an easy job putting up with fickle people who often go around you to save a dime.

 

Like most industries there is the top and there is the bottom. And it should be that way but the top are the top for reason - they work harder than the rest!.  

 

Have always thought that the industry should do a better job with "culling their herd". Do you really want an agent who sells 5- 6 properties a year helping you through the process? The very top are too busy to pay attention perhaps and the bottom is the bottom for a reason(s). Give me someone who is in the top 10% and I'm sure I would be taken care of properly.


Edited by davidN, 17 February 2020 - 09:50 PM.


#10 Mike K.

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Posted 18 February 2020 - 09:11 AM

Have always thought that the industry should do a better job with "culling their herd". Do you really want an agent who sells 5- 6 properties a year helping you through the process? The very top are too busy to pay attention perhaps and the bottom is the bottom for a reason(s). Give me someone who is in the top 10% and I'm sure I would be taken care of properly.

 

Yeah, that could be tricky. Some agents have other businesses or devote their professional time to various industries, and sell/buy homes/properties when opportunities arise (i.e. working with a specific development firm or investor group to accumulate a land assembly, etc.).

 

I have come across agents who are woefully ill prepared to be selling homes and representing people with the biggest purchases of their life, while other agents multi-dimensionally understand the market and have a grasp of economics/market factors and are incredibly valuable assets to have at one's side.


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#11 MarkoJ

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Posted 18 February 2020 - 11:01 AM

Not quite right, the vast majority first learn about a property that they end up purchasing through an agent's automated search system or directly from the agent themselves, and less than 15% through public facing websites.  The initial consult and setting up a search, plus how passive or active the agent is in the search all determine how successful it will be, some prefer passive, some prefer active, but virtually all qualified buyers are working with an actual agent guiding the process.  

 

"The buyer located the property on a REALTOR®'S automated listing search service" is the number one way buyers find homes and it beats out all the other categories (REALTOR®informed buyer, REALTOR.ca, real estate sign, etc.) COMBINED. 

 

In my opinion if I set up a buyer on the automated listing search service and they email me the MLS®number/address to view the buyer found the property not me. 

 

I haven't had much success with being an "active" agent. I'll pick out properties I think are good value and it won't work for the client’s dog or similar. Since we are both looking at the exact same database of homes, I just let my clients pick out properties. In my case I would say 90% of my client find their own property and I find it for the other 10%.


Edited by MarkoJ, 18 February 2020 - 11:02 AM.

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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2019 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#12 davidN

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Posted 18 February 2020 - 10:11 PM

"The buyer located the property on a REALTOR®'S automated listing search service" is the number one way buyers find homes and it beats out all the other categories (REALTOR®informed buyer, REALTOR.ca, real estate sign, etc.) COMBINED. 

 

In my opinion if I set up a buyer on the automated listing search service and they email me the MLS®number/address to view the buyer found the property not me. 

 

I haven't had much success with being an "active" agent. I'll pick out properties I think are good value and it won't work for the client’s dog or similar. Since we are both looking at the exact same database of homes, I just let my clients pick out properties. In my case I would say 90% of my client find their own property and I find it for the other 10%.

Marco,

 

This being the case how does one get on a Realtors search service and do all realtors show the same properties on their service (assuming the registrant provided the same search parameters)?



#13 MarkoJ

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Posted 20 February 2020 - 03:33 PM

Marco,

 

This being the case how does one get on a Realtors search service and do all realtors show the same properties on their service (assuming the registrant provided the same search parameters)?

 

Email a realtor. Yes, exact same properties show up. I as a realtor cannot somehow make restrictions being the search parameters.


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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2019 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



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