Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Working with Realtor

  I have a realtor that has been showing me a couple houses (old +new). However, we do not like any of those. Resesntly, we found another new home ourselves through searching. By law, I wonder if I have to tell my realtor?.My second question is: Will I have more room to negotiate with the Builder without bring a realtor?. My logic is: instead of giving the realtor 3%, the Builder may have that 3% to work with us. Am I right?. Thanks.
 
  I don't know whether you specifically hired that agent and signed a buyer's broker contract.  If so, the document should say whether you have any obligation if you find a property on your own.  But if you did not retain that person officially as your agent, I don't think you would have any responsibility beyond common courtesy..
As for whether you could negotiate with a builder -- normally you can't, at least on price.  Sometimes you can deal for better upgrades.  But I don't know the state of the market in your area -- whether builders are having trouble selling their houses or not.  Actually, an agent who is on your side might be useful in dealing with the seller in that case. 
    Edith
Originally published on August 24, 2007
 
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