No. of Recommendations: 1
Ask friends for recommendations for an agent. I know that there are people that say you can do it without an agent but I wouldn't recommend it. The seller's agent is there to represent the seller. And he/she will know all the tricks to get you to pay 300K for a 200 sq ft. one room shack. You need a buyers agent. However you must still be careful. The buyers agent traditionally has a perverse incentive plan. He gets a % commision from the sale price. So even though he is supposed to represent your interest (which should be best house for least amount of money) your agent actually has more incentive to get you to pay more for the house. An honest agent will put your interests first of course but how do you know he is honest? If you just randomly picked an agent out of the phone book it is really hard to know. So ask your friends for a recommendation.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.