Uncategorized

In 10 Minutes, I’ll Give You The Truth About REAL ESTATE AGENT

This article is not concerning the secrets of buying accommodations property for no money down and half the price of the market value of the house. I’m not Tom Vu or Don Lapre and I’m not in jail.

In Canada, the no money down home did use to exist, however, not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you need not pay a dime out of your own pockets to purchase a home. However, given the current financial situation with tighter lending restrictions, there will be no bank or lenders who can do that in Canada.

The buying home for half price did use to exist as well. At one point, foreclosures in Canada allows foreclosed homes to be sold at rock bottom prices. The new law, which has been in placed for many years now require the homes be sold at the highest possible price for foreclosed homes if not the lenders could be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes certainly are a really good deal causing it to get a reverse affect. There were many people buying foreclosed homes believing they got much and not performing a thorough check as to the actual value of the house.

Now, clearing out the quick money maker myths of buying homes, there are still a lot of things you need to be alert to before starting.

If there exist ever a business with an increase of sneaky sales tactics and money motivated people, it has got to the Real Estate industry. As a buyer, you could be dishing out $350 000 and everyone wants a piece. The Real Estate Agents want a piece. Silicon Valley The lenders want a bit. The lawyers want a bit and the sellers want piece. No wonder you can find so many scams in this industry.

The first thing to understand is the Real Estate Agent. A Real Estate Agent is suppose to act on your behalf to buy or sell the home. Both the buyer of the home and seller of the house will have their own AGENT called a Buyer’s Real Estate Agent and a Seller’s AGENT.

In Canada, each AGENT gets an average of 2.5% and sometimes 2% for the commission of selling the house. Some REALTORS provide cash return rewards. Canadian Real Estate Agents gets higher commission than anywhere else. In United States, their REALTORS only get 1% of the commission and their homes are in fact much cheaper. Even though REALTORS will be the least educated of the parties mixed up in buying home transaction, they seem to be getting the biggest little bit of the pie.

Do not pay attention to their gimmicks on Real Estate Agents are ethical. (http://www.howrealtorshelp.ca) Where do they get the idea any AGENT off the road is ethical. Their claim is founded on these tests they pass to become a AGENT. Agents passing a test does not meant hey are ethical. It only means they are able to remember enough to pass the test.

One would believe it must be the true Estate Agent’s job to help the buyer ensure the home is of value. Rightly so, many buyers depend on the Real Estate Agent to protect them and provide them advice and for me, the ethical Real Estate Agent should do that. However, the real reality is that Real Estate Agents do not earn money unless if the home is purchased. The reality is that the true Estate Agent’s salary is not truly dependent on giving you advice. THE TRUE Estate Agent’s job is to get the buyer to get a home through them to allow them to get paid!

As a result of this, what eventually ends up happening, are two forms of Real Estate Agents with variations in between. The initial type may be the honest agent with the belief “EASILY work hard and treat my buyer right, the customer will come back again to buy more homes from me. The next type is the “I need to get the buyer to buy a house quickly in order that I can move on to the next buyer (sucker) so that I could maximize my time for profit.” The bottom line is that you are looking for the first type and you want to steer clear of the second type.

We’ll call the first type, the Bad AGENT. We’ll call the next type, the Good Real Estate Agent.

So what sort of characteristics does the Good Real Estate Agent have that the Good Real Estate Agent does not have?

1. The first characteristic is Patience. Bad Real Estate Agents will try to sell you a house quickly to find the money quickly. Do not buy a house without spending lots of time looking at several different homes. Be careful of tactics such as REALTORS claiming it’s the perfect and acting such as a salesman rather than providing you information.

Leave a Reply

Your email address will not be published. Required fields are marked *