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The buyer can look to the realtor for advice and guidance, but in the end it is their ultimate decision as to what,when, and how much to buy. They have to live with the decision they made and cannot look back and blame their relator. Like anything you need to research, research, and then research some more, and then ask advice from your realtor.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,775
802
Who would you ask? Just curious... A baker? A bartender? Actually, all good people to ask... Get a lot of information from everyone and get a good honest agent to help you make some descisions. I think if you are buying to flip in a couple years not so good. If you are looking to hold and enjoy for years to come, great time to buy! Or you can wait until the bottom bell rings and come running with everyone else. Lord knows good investing is when "everyone" is doing it.;-)

Only the buyer could honestly answer the question, "Is now a great time to buy?" They should know if they can comfortably afford the property; they should know what contingencies they've got in place if the market or their finances turn; they should know if they love the area; they should know if they like the property and location. If they don't know--then "now," or any time, is not a good time to buy.

The buyer should also clearly understand that Realtors have no fiduciary responsibility toward their clients and that with Realtors, as with all commissioned salespeople, "now" is always a great time to buy.

Until RE brokers are required to have Series 7 licenses, "now" will always be a great time buy.

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egrp

Beach Lover
Sep 22, 2005
122
3
how would a series 7 change anything?

when was the last time your broker told you it wasn't a good time to invest in stocks / bonds / whatever the security flavor of the day is?
 

30ashopper

SoWal Insider
Apr 30, 2008
6,853
3,468
54
Right here!
how would a series 7 change anything?

when was the last time your broker told you it wasn't a good time to invest in stocks / bonds / whatever the security flavor of the day is?

The same situation. However there are a number of brokerages that now have fee based service, where the broker isn't paid a commission on every sale. I have one of those and I like it a lot. Maybe real estate need to find new methods of selling their services similar to this.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,775
802
how would a series 7 change anything?

when was the last time your broker told you it wasn't a good time to invest in stocks / bonds / whatever the security flavor of the day is?

(1) A stock broker has considerably more asset classes to sell, so they have a better chance at being right...unlike a Realtor or an Insurance Salesman who have to push a single product line.

(2) No denying that there certainly are a considerable number weasels who carry Series 7 licenses

(3) Unlike Realtors or Insurance Salesmen you have legal recourse against a Series 7 holder who violates their fiduciary responsibilities.

(4) If you totally rely on any of these commissioned salesmen to be working purely in your financial interests--you're screwed.

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Bobby J

Beach Fanatic
Apr 18, 2005
4,043
599
Blue Mountain beach
www.lifeonshore.com
Only the buyer could honestly answer the question, "Is now a great time to buy?" They should know if they can comfortably afford the property; they should know what contingencies they've got in place if the market or their finances turn; they should know if they love the area; they should know if they like the property and location. If they don't know--then "now," or any time, is not a good time to buy.

The buyer should also clearly understand that Realtors have no fiduciary responsibility toward their clients and that with Realtors, as with all commissioned salespeople, "now" is always a great time to buy.

Until RE brokers are required to have Series 7 licenses, "now" will always be a great time buy.

.


Shelly,

How long have you had your Series 7 license?
 

SHELLY

SoWal Insider
Jun 13, 2005
5,775
802
Shelly,

How long have you had your Series 7 license?

Maybe a more relevant question might be, "Are you a weasel?"
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