Orange County Home Buyer Tips – Should A Home Buyer Ask For Proof Of Opposing Bids?

In the Orange County Real Estate market there are some Sellers Agents who aren’t always truthful during Real Estate transactions, and one question that Top Orange County Realtors will hear from time to time, from sellers is “do I have the right to ask for proof if there have been opposing bids?”

The answer to this question is no, the Listing Agent for the seller, cannot legally disclose the other bids to buyers or their agent. If the agent were to do so, they may risk problems with their local association of Realtors.

How Can Buyers Protect Themselves?

A home buyer in Orange County can protect themselves by hiring an attorney who specializes in Real Estate because, it’s always helpful to have an expert on standby who can review contracts, inspect documents and provide advice if a home buyer feels that something isn’t exactly right in a Real Estate deal.

Can I Act As My Own Agent?

During some Real Estate transactions a home buyer may get frustrated with their Agent and ponder the question “should I act as my own agent?” the answer to this question is yes and no.

If the home buyer has contacted their Real Estate Agent or Broker, asked for a form called Termination of Buyer Agency, and their Realtor has released them from this contract, then yes, the buyer can act as their own agent but the question the buyer should ask is: “do I want to act as my own Real Estate Agent?” A qualified Realtor does a lot more for you as a buyer than just showing homes.

Real Estate Agents are skilled at negotiation, contract review, and so much more. A home buyer should seriously reconsider acting as their own agent when they can rehire another Realtor who
will help them to find the home of their dreams. Since you as a buyer aren’t paying for the services of a Real Estate Professional, why not take advantage of all the resources they have to offer?

To learn more about what a Top Orange County Realtor can do for you or to view the latest homes for sale, contact Fred Sed & Associates today by calling (541) 318-8835.