The risks of contacting a real estate agent online — or before you’re ready to buy



To ask questions, I contacted two or three agents, but I was soon overwhelmed with emails from them and from other agents I never contacted.

I eventually got rid of them all. How can you ask for details on a property if you are browsing, but not buying at the moment? How can you avoid multiple agents contacting you?

A: There are so many websites that allow you to view real estate listings. The biggest aggregators that pull in listings from all areas of the country include Zillow, Trulia, Redfin, Realtor.com and MLS.com. Each brokerage company has a companywide listing site, while individual agents often have their own websites.

The aggregator websites get paid for with ads (which are based on the number of people searching for listings) and also by real estate agents whose names get surfaced if you happen to be looking in a Zip code they pay to cover. We’re willing to bet that many of the agents who have contacted you got your contact information because they paid the website for access to it.

If you visit one of the more popular real estate websites and look at a home, the site will show a listing with the name of the listing company and agent below the written description for the property. Some sites will give you the option to connect with an agent for this home, but that person may not be the actual listing agent. And other sites will give you the option to fill in a box with your information to get more information about the property. Again, when you enter the information, your name and phone number does not always go to the listing agent — or it may go to other agents in addition to the listing agent.

That’s called real estate marketing, and it’s a big business. When you’re searching for listing information, make sure you get connected to the listing agent. Or, take the name of the agent and look up the property to find the agent’s direct contact information.

In our view, there’s no excuse for information to be missing from the listing, such as details about the included appliances, the amount of real estate taxes and the homeowner association dues. The only reason information like this would be excluded is that the agent has made a mistake, or there is a technology glitch (it happens) or the agent purposely didn’t include it for some reason.

A quick search on a main aggregator website for properties in Maryland confirmed that the listings showed homeowner association dues and property taxes. In some instances, these costs were shown under an itemized list of some of the costs and features for the property and in others in what your monthly costs might be for the property.

In looking at some sites, you might have to drill down into the property features to see if the home has a washer and dryer. If it’s not listed there, the property probably does not have a washer and dryer that will come with it (although it may have a hookup and you’ll have to buy your own appliances).

Ultimately, if you must know or need to confirm details about the property, you would have to contact the listing agent for that information. You can request that the listing agent not contact you in the future and say that if you have any questions, you will contact the listing agent.

Once you contact that listing agent and later decide to hire your own agent to view the property, the listing agent may not agree to have your agent come to the showing and may claim that you are the listing agent’s client. When you contact that listing agent on your own without a real estate agent, your interaction may make that person a dual agent: where the listing agent is an agent for the seller and for the buyer. Beware of dual agency: You could be walking into a problem down the line.

Ilyce Glink is the author of “100 Questions Every First-Time Home Buyer Should Ask” (4th Edition). She is also the CEO of Best Money Moves, an app that employers provide to employees to measure and dial down financial stress. Samuel J. Tamkin is a Chicago-based real estate attorney. Contact Ilyce and Sam through her website, ThinkGlink.com.



Source link