My husband and I have found a home that we like in a HCOL area. It meets many of the criteria we’re looking for and is listed at a fairly competitive price. We’re also eager to take advantage of low interest rates right now and worry that, as home prices keep rising, we may not find another house like this in the price range we’re looking for. (Side notes: we’re also expecting in July, so if we forego putting an offer on this house, we’re probably not going to be able to start searching for houses again until next year).
However, we have two reservations about it and wanted to get some advice.
First, our buyer’s agent is also the listing agent for this home (dual agent). From what we’ve read, it’s a bad idea to proceed with a dual agency offer because we’ll have no real representation and our agent won’t be able to act as a fiduciary to us in the transaction. We are also in a state where dual agency is technically “illegal” (Maryland), but before we knew much about dual agency, we signed a consent for dual agency with our buyer’s agent. Not sure what next steps to follow if we were to put in an offer on this home. We are thinking about putting in $10K less than the current listed price, but haven’t told our agent this yet. In a typical transaction, our agent would be able to tell us if this is too low, but in this case, we likely won’t be able to get this information from our agent (as this would not be in the best interests of the seller, who they are also representing).
Second, we have some reservations about the kitchen. Here’s are two pictures: https://imgur.com/a/7eBuEGp and https://imgur.com/a/OmZgtwI (pantry is to the left of the fridge). It’s small compared to other homes we’ve seen, and does not allow room for renovation unless we took out the pantry area (which would significant reduce storage space) and, even then, it would still be fairly small. The counterspace is somewhat limited and the counter projects out into a family/living area. The granite countertops were put in 10 years ago and the color scheme isn’t really our style, though we could live with it until we could afford renovations.
Any advice/recommendations are appreciated!