when buying a house & selling, what's the best way of going about it? do you use 1 realter or 2?

is it cheaper to use 1 realter or 2? what if you still owe on the firsrt mortgage ? do you put the house up at the same time? or before?

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  • Anonymous
    1 decade ago
    Favorite Answer

    Sometimes you can negotiate a lower rate to sell your house if you use the same Realtor to buy. This should be arranged before hand, and is unlikely to be more than half a percentage point of the sales side commission.

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  • Anonymous
    1 decade ago

    The house you'd like to buy will have a listing agent (Realtor). To sell the house you have, you will hire an agent. They will work together if necessary, so it's not up to you to hire them both or pay them both.

    What is easiest though is to hire one Realtor to find a house for you, while putting your house on the market. If the Realtor finds the perfect house at a price you can afford, you can put in a conditional offer, subject to the sale of your own house. That done, the agent or Realtor will work harder at selling your present house, since the commission will be better. You only pay the commission on your own house, by the way, not on the house you buy. Just thought I'd better add that bit.

    As for your current mortgage, the purchaser might be able to assume that, if the mortgage company agrees. If the purchaser prefers to get a new mortgage or pay cash, you must pay off your mortgage and the mortgage holder will usually require a fee to close it out. However, if you're willing to let the same company mortgage your new house, some kind of arrangement might be made regarding lowering any fees.

    The Realtor can provide all the information you need for all transactions involved. It may be complicated to us, but they are experienced and know exactly what they are doing.

    All the best to you in the big move!

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  • 1 decade ago

    Which State do you live in? In California, you would negotiate the commission with the Listing Agent. The listing agent will then split that commission with any buyer represented by another agent.

    The first Mortgage will be paid off at the close of the sale when the property is to be transferred.

    In this market it would be better to put you home on the market and get it into escrow before writing an offer on the next house. If you find a house you really want to buy before your home has recieved an offer, you can make your offer contingent on the sale of your current home. If your contingent offer is accepted then you better plan on lowering the price on your home or making it more attractive to buyers.

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  • CJ
    Lv 6
    1 decade ago

    I always use a Realtor. They know all the tricks of the trade - and there are a lot of them. You can sell a house with or without a Realtor even if it still has a mortgage on it.

    However, right now is not a good time to sell a house - the market is bottoming out!! Sorry!

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  • 1 decade ago

    >>>is it cheaper ...? this question can not be answered because i'm assuming when it comes to selling your home you're not interested in the lowest commission you're interested in the highest net to you, right? for example, would you rather pay 6% to a realtor who specializes in your area, aggressively markets in the area and has a track record of selling homes at higher prices than other realtors or 5% to a realtor who has never sold a home near you?

    i submit to you that if you were to list your home at the same price with 3 different Realtors in 3 different "parallel universes" (bear with me here) that the home would sell at 3 different prices. this is because there is no EXACT market value for a home but a RANGE that it will generally fall in. in most markets, the average SALES PRICE to LIST PRICE ratio is about 95% which means most homes will sell somewhere between 90% and 100% of asking - where it falls in this range is often a result of the aggressiveness of the REaltor you choose. Many Realtors skilled in negotiation and pushing the amenities of a home and area can get you more for your home than the amount you are "saving" with a discount realtor.

    you don't pay a realtor (99.9% of the time) when you purchase a home so you really only need to consider the LISTING commission (i.e. the commission for selling your home)

    many Realtors (even good ones) WILL reduce their listing commission 1% if you agree to purchase a home from them (where the OTHER seller pays them the commission)

    hope this helped!

    Source(s): 16 years in Real estate, national real estate trainer, certified residential specialist, previous owner/manager of high volume real estate office
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  • 1 decade ago

    Do you mean you want to sell your house and buy another one? If yes, it's better to have one Realtor, who will work harder to sell your house knowing that there's another deal in the future.

    You pay a Realtor when you sell, you do not pay him or her anything when you buy.

    It's always better to sell first and then buy, but selling a house takes a long time these days. Put your house for sale first. Start looking for a new place. When you get a buyer for your house, go and get a new place (it's easy to buy now.) Close both deals at the same time.

    Your Realtor will explain everything to you.

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  • Anonymous
    1 decade ago

    I'd put the house on the market & wait for it to sell before looking seriously for the next house.Unless you can afford to pay 2 mortgage payments.You may have to stay with family/friends/or rent an apt.until you purchase the second home.But,you'll then know how much you actually have for a new house,also..I think an advantage to using one realtor may be a discount on your % rate to the agent.You can negotiate that prior to signing up with them..Good luck.

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  • Anonymous
    1 decade ago

    Go with 1 realtor and try negotiating the commision down on the sell. Always better to sell before getting a contract on the next house.

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  • 1 decade ago

    Go with only one Realtor.

    1. It will make the process a lot easier for you to deal with the same Agent throughout the entire process.

    2. If you are listing and selling your home with an agent you should consider yourself paid up also for them representing you in buying a home.

    3. Most agents will give you a better deal on the commision percentage if they know they will getting paid again for helping you find a home.

    Hope I helped.

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  • 1 decade ago

    I would go with 2 Realtors, since you want the agent you hire to SELL your house to focus on just that, selling your house. If you decide to use the same Realtor to sell your home and help you find another one, they SHOULD negotiate a lower commission. It's only right.

    Hope this helps!

    Source(s): Licensed Mortgage Broker in NC/SC
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