Comments on: Anecdotes and Advice from a First Time Home Buyer Part 3 – Choosing a Realtor

By: Anecdotes and Advice from a First Time Home Buyer Part 2 - Down Payments and Financing

Fri, 23 Nov 2007 01:54:46 +0000

[...] Read the next post in this series “Choosing a Realtor“. [...]

By: Anecdotes and Advice from a First Time Home Buyer Part 4 - What To Buy

Anecdotes and Advice from a First Time Home Buyer Part 4 - What To Buy — Wed, 31 Oct 2007 09:09:52 +0000

[...] My friend Christine has kindly agreed to write a series of posts on her experiences with buying a home for the first time which will be posted occasionally. See Part 3 – Choosing a realtor. [...]

By: Four Pillars

Four Pillars — Thu, 25 Oct 2007 02:29:10 +0000

BB – it just occurred to me – what would have happened if you hadn’t hired your friend? Would she have been insulted? Could be a no-win situation either way.

Mike

By: Four Pillars

Four Pillars — Thu, 25 Oct 2007 02:13:56 +0000

GIV – there’s no rules that you have to have perfect asset allocation at all times. You want banks? Then you shall have banks.

BB – that’s a tough situation to be in. I guess doing business with friends has that extra risk.

Mike

By: Brip Blap

Brip Blap — Thu, 25 Oct 2007 00:47:04 +0000

Back on topic (:)) I’ll just point out as a side note, never hire a friend as an agent. We did that and it was awful – we didn’t want to criticize her decisions because she was our friend. Our son (about 12 months old at the time) loved her, and we were so embarrassed to point out to her that she – frankly – sucked as a real estate agent. It would have been so much easier to use a stranger where we could have had a professional relationship.

By: growthinvalue

growthinvalue — Wed, 24 Oct 2007 21:55:50 +0000

I�m drooling over the prices of Canadian banks (and sad that I don�t have the cash/credit to buy right now

See, I actually do. “The plan” is to put a few grand into a U.S. equity ETF (due to the strong dollar and the fact my only exposure to the U.S. is a single Baby Berk) But hot damn, is the hammering Canadian banks are taking seriously tempting me. I really want to double up on BMO.

Damn you, asset allocation! Somebody talk me into it!

Sorry for the threadjack. Continue talking real estate. A very useful series, BTW.

By: FourPillars

FourPillars — Wed, 24 Oct 2007 18:39:40 +0000

Apparently the best time to buy is when you have money (or credit) so you’re better off staying on the sidelines.

There will be plenty of future buying ops.

Mike

By: Mr. Cheap

Mr. Cheap — Wed, 24 Oct 2007 18:28:21 +0000

It seems like a great time to buy… I’m drooling over the prices of Canadian banks (and sad that I don’t have the cash/credit to buy right now).

By: FourPillars

FourPillars — Wed, 24 Oct 2007 15:14:32 +0000

On an unrelated note I put an order in today for 30 shares of BMO – limit at $60.00 GTC.

Not really looking to add to the leveraged portfolio but it’s good to buy if it’s cheap.

Mike

By: Mr. Cheap

Mr. Cheap — Wed, 24 Oct 2007 14:20:09 +0000

I agree with the idea that real estate agents can be useful for first time buyers. I’m always surprised that agents aren’t more eager to get offers from an unrepresented buyer accepted (since they’d earn double commission), but its been my experience that they aren’t, so its not really worth trying.

A buddy told me that agents typically view unrepresented buyers as ignorant rather than a chance to make a higher commission.