Reply to I think my buyers agent hustled me and did not act in my best interest.

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[quote=Anonymous][quote=Anonymous]Honestly, it's nearly impossible to decipher all that paperwork and fees and taxes and everything else you're forced to sign at closing. It's very common for a realtor to push you toward a certain title insurance company, home inspector, etc. and even try to lead you to a specific lender and homeowners insurance company. They may get commissions (kickbacks) from those companies for leading customers to them. It's all a racket but remember that the homebuyer is the only real source of money in the transaction so they are the ones who get jerked around the most.[/quote]

The first time we bought a house, the agent we used was completely useless but we were lucky because it was a buyer's market and we got a good deal with the seller paying closing costs. We obviously did not use her the 2nd time around. This time around we were much more informed, so we knew to shop around - we interviewed several agents, we talked to several lenders, several insurance companies, several title companies, got quotes from several contractors, etc (and our agent gave us recs but also encouraged us to reach out to other people - we didn't use any of her recommendations in the end except the title company b/c they were the lowest price). We also [GASP!] read all the paperwork before we signed it and asked questions about anything we felt was unclear. Our agent walked us through the contract before we signed it, and her office corrected things on the fly. Our agent recommended we waived contingencies, but also gave us some options (e.g. you don't have to waive the appraisal contingency, you sign some sort of addendum that says you will cover the first $X thousand dollars if the appraisal is less than what you offered) and we didn't waive anything we didn't feel comfortable waiving (like financing). We were really pleased and happy that we had done the research and talked to a lot of people.

I think a lot of people just go with whatever random realtor that sends them a flyer or that is related to a friend or whose sign they saw on a cute house, and that is NOT the way to spend hundreds of thousands of dollars.[/quote]

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