Eug
Senior Member
At times they have advised me to raise my offer price... and those homes eventually sold for prices more than I was willing to offer.With that said, why don't we be honest. From my experiences they put pressure on you to raise your offer price
However, for the homes I and my GF actually bought, our agents actually suggested offering lower than we originally were thinking.
Hmmm... Not really. Usually more like, "If you're in for the long term, prices will go up." And that's a fair statement.they generally have little to no understanding of macro economics so in times like this where real estate is almost certainly going to drop in value over the coming years, you will hear something along the lines of "real estate will always go up"
Personally, I think it's a reasonable time to buy, as long as it's your primary residence, you have a significant down payment, and you don't have to amortize for 35 years. I wouldn't fault a real estate agent for saying the same. I wouldn't necessarily recommend buying for rental though."interest rates are low, now is the best time to buy." People who listened to this in 2007 got their clocks cleaned in the US. Many are being drowned in negative equity. Families ruined.
My main beef with buyers' agents is IMO they're overpaid for people who actually buy homes, and underpaid for those that don't. I'd be happier paying for a real estate agent's time to represent me, whether I end up buying or not.In addition, their motivation is not your happiness or getting you a good deal, it's just getting you a deal. Any deal they can collect their commission from. The interests of a buyer and a Realtor are not aligned and in fact are almost completely conflicting. It's for that reason I think a buyers agent isn't necessary if you've got even a modest understanding of real estate.