2010 Jun 4th

The Hoboken Open House Google Map for Sat. 6/5 and Sun. 6/6

Every Open House in Hoboken this weekend as compiled from the Midweek and Hoboken Reporter, the MLS, every Realtor website and email and Craigslist courtesy of the Turoff Realty Team.

hot-sun-thermometerIt’s hot out there.  I recommend popping into some air-conditioned open houses and looking for a cool deal.

When you look at the map, place markers are color coded:

New listings are marked with a Push Pin icon.

Click on the location marker for:

Want to know which open houses are on Saturday and which only Sunday? Click on “tools” at the top of the list and enter the word “sat” or “sun” (without the quotes) into the search box.

Did you know that the agent hosting an open house is the Seller’s agent? Whether it is the actual listing agent or any other agent from the same company, that person legally represents the sellers.  Not only that, the hosting agent – by law – has a fiduciary duty to the seller to get that seller the highest possible pricefor that property.  Do you think it might be a conflict of interest for that same person to then represent you?  Many people think so.  In fact, in many states (other than NJ) it is illegal for the same agent to represent the seller and also work with the buyer.

Did you know that when you go to an open house you can see the property at the open house on your own and, if you like it, go back to it with your own agent?You can!  So if you see something you like at an open house you might want to consider finding your own agent who does not work for the seller.Just because you walk into an open house does not mean that the hosting (seller’s) agent gets to “claim” you as his or her customer – even if you “sign in”.  You are the consumer.  You are spending your hard earned money on what is probably the biggest investment you will make in your life.  Don’t you think you should be able to work with whom you choose?

Questions? Text us at 201 993 9500.

  1. BP

    First – I agree that buyers should pick their agents and not be represented by a seller’s agent. However, most buyers are unaware of the rules by which agents work, especially “procuring cause”. And open houses and procuring cause tend to be related. I think you’re walking a fine line with your suggested order of action above.

    If the buyer in your example signs in under his/her name without noting that they are already represented by /working with another agent, and then comes back with another agent on a different day, the hosting agent likely has a good case for “procuring cause”. This might start a battle with the new agent over the commission. The commission battle shouldn’t interfere with the buyers’ offer and purchase, but it can complicate the relationship. And most buyers honestly wouldn’t want to put their agent in that position either.

    My suggestion to buyers to avoid the potential for this situation…find an agent first and then when you walk into open houses, immediately tell the hosting agent that you are working with Jane Doe from XYZ company and note it on the sign in sheet…even put down Jane Doe’s phone # and not your own. (A side benefit of doing this is that the hosting agent will often leave you in peace as you walk through the home versus trying to qualify you and convince you to work with them).

Copyright © 2008 Hoboken Real Estate News     Login     Sitemap