Can the agent give the Buyer comps?
Scenario: We’ve been looking for a home in a certain area, and finally found one we want to make an offer on. Our only question is whether it’s really worth what the seller is asking. We read earlier in your column that the agent is working for the seller; but would it be alright if the agent gave us examples of what other properties have sold for in the development. Answer: It’s not only all right, it’s a great idea. The listing agent probably did a comparative market analysis (CMA) before listing the property. This compared the property you’re interested in to sales prices and terms of properties recently sold (usually within six to twelve months). These comps were similar in size, style, and amenities to the subject property and helped determine its listed price. The listing agent would need to get permission from the seller in order to show you the seller’s CMA (since it was prepared for the seller/client). However, there would be nothing wrong with another agent, a BUYER’s Agent u
