Why you need a Buyer's Agent | Los Angeles Real Estate

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Here, we outline the benefits of using a buyer's agent to buy a house in Los Angeles. We'll also discuss the cons of working with the seller's agent. We'll dive into dual agency and why some states like Texas and Florida have made it illegal. And while dual agency is still legal in California, we'll discuss why it is not recommended. The different types of agency relationships include the buyer's agent, the seller's agent, and dual agency. A good buyer's agent can save you money, identify red flags, and guide you through the documents involved in buying a house. #realestate #realestateagent #buyersagent
CONTACT ME REGARDING BUYING OR SELLING REAL ESTATE: Daniel Rangel, real estate agent in Los Angeles
➡️ EMAIL: daniel@theartistofrealestate.com
➡️ WEBSITE: www.theartistofrealestate.com
➡️ PHONE & WHATSAPP: 310-749-7092
➡️ INSTAGRAM: / theartistofrealestate
➡️ FACEBOOK: / theartistofrealestate
DANIEL RANGEL
Coldwell Banker Realty
BRE# 01827663

Опубликовано:

29 июл 2024

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Комментарии : 12

@koubayashi3 7 месяцев назад

this is really helpful. never thought about this before but your points are really making sense

@theartistofrealestate 4 месяца назад

Thank you! Happy to hear that 😊

@stanlee3619 8 месяцев назад

Great video!

@theartistofrealestate 8 месяцев назад

Thank you, Stan! 😊

@Jose-sy1je 7 месяцев назад

What would you advise a buyer to do during these times? I started looking in the San Fernando Valley, but the little there is for sale is super old and run down. Sellers won't even move out of their homes anymore that you can properly see the place. Only thing I see are expensive townhouses with no yard and HOA (probaly investors buying those) or really run down homes that sell upward of 900k.

@theartistofrealestate 7 месяцев назад

Hey Jose, thanks for the question! I'd tell people, rather than trying to time the market, or buying because values are going up or down, I think more important is focusing on what we can control: our finances. Have a long term plan. 5 years minimum, ideally 10. Have reserves, after the transaction closes. Save for a downpayment that makes the monthly payments comfortable. This is the best that we can do to prepare for an uncertain future, and I think this applies in any market. Predicting the market is nearly impossible. And aside from that, hire a good agent that will guide you well. Here's a video, I published on the topic, ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-aggY8eV0FnY.htmlsi=J3rXkOUV9y4F1CPB

@Jose-sy1je 7 месяцев назад

@@theartistofrealestate But what should you do in this market that is so overpriced and you can't find anything good? Go for a townhouse with HOA (they are also freaking expensive) or still go for some old run down home that sits on an actual property? A lot of these old homes were build with toxic substances that are banned now that could always be a problem if you renovate.

@theartistofrealestate 7 месяцев назад

@Jose-sy1je I personally would go with what's more within my budget, and in an area that I can sustainably live in for the foreseeable future. For example, I'd rather live in a shoe box condo in a good location that will reduce my drive time than get a mansion in the desert and drive 4 hours every day for work.

@davidedwards7594 8 месяцев назад

Realtors get around dual agency all the time. It’s called “ I just act as a transaction coordinator “. Realtors push it all the time.

@theartistofrealestate 8 месяцев назад

Good point, David. Yeah, and unfortunately, many consumers are not aware of what that means. In many states that have banned dual agency, if the agent helps both the buyer and seller, the agent reverts to pretty much (as u said) just being a transaction coordinator. Their loyalty is to the deal or transaction, not the parties. So they have no fiduciary duty to anyone anymore, which means less liability for the agent, and more liability for the consumer. The standard and legal responsibility the agent has to the consumer is dramatically lowered in such a situation. And typically, the consumer would have less legal recourse should something go wrong, as the agent can say, "technically, I don't represent you." Thanks for bringing that up, David.