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FAQS.

Buying and selling real estate in a resort town may be different from what clients are accustomed to.

Check out the most frequently asked questions, below.

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Q. WHY SHOULD I USE A LOCAL MAMMOTH LAKES AGENT, AND NOT MY HOME-TOWN REALTOR?


A. It’s understandable that a buyer would like to use an agent from their home-town with whom they already have a relationship and a rapport with. However, the Mammoth Lakes Board of Realtors is a “non-reciprocal” board, meaning that we have no obligation to work with out-of-area agents. Trust me, this is in the best interest of a prospective buyer; local agents KNOW the market, know the comps, all “ins and outs” of differing areas of town, the reputable contractors, and all the different zoning ordinances/disclosures etc. Need I say more?! ;) If you want to be well-represented throughout a transaction, and not over-pay, then you must hire a local agent.

Q. DO I NEED TO BE IN MAMMOTH DURING A TRANSACTION/ESCROW?


A. No. In fact, it is most common that a buyer IS NOT IN MAMMOTH for the entirety of the transaction including property investigations, doc-signing, meetings with contractors, etc. I will be your eyes and ears during the escrow process. With Mammoth Lakes being as remote as it is, thank goodness for FaceTime and electronic signatures!

Q. WILL I GET A BETTER DEAL GOING DIRECT TO A SELLER’S AGENT?


A. No, no, no. And frankly, I’m surprised that dual agency is still legal! (This is the same agent working for both the buyer and the seller during a transaction.) It’s virtually impossible for an agent to equally represent both sides of a transaction. Think about this; a seller and an agent will sometimes have worked together on multiple deals for many months or years, and oftentimes end up friends. Would you want this same Realtor that is working for the seller negotiating on your behalf? Of course not. Hire your own Realtor to get the representation that you should.

Q. AS A BUYER, DO I NEED TO PAY A REALTOR FOR HELPING ME?


A. No, only the SELLER’S agent pay out a commission that is divided amongst the selling and buying agents. A buyer’s agent works for free until a deal is closed. The buyer does not pay a dime toward any work that is done, viewings, meetings, negotiations etc.