Take The Stress Out Of REAL ESTATE AGENT

This article is not concerning the secrets of buying accommodations property for no money down and half the cost of the market value of the home. 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, but not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you don’t have to pay a dime out of your own pockets to purchase a home. However, given the current financial situation with tighter lending restrictions, you will have no bank or lenders who is able to do that in Canada cape royale.

The buying home for half price did use to exist aswell. At one point, foreclosures in Canada would allow foreclosed homes to be sold at very cheap prices. The new law, which has been in placed for several years now require the homes be sold at optimum 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 are a really good deal causing it to possess a reverse affect. There have been lots of people buying foreclosed homes believing they got a good deal and not doing a thorough check regarding the actual value of the house.

Now, clearing out the quick money maker myths of buying homes, there are still many 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. The lenders want a bit. The lawyers want a bit and the sellers want piece. No wonder there are so many scams in this industry.

The first thing to be aware of is the Real Estate Agent. AN AGENT is suppose to act in your stead 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 AGENT and a Seller’s Real Estate Agent.

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

Do not listen to their gimmicks on REALTORS are ethical. (http://www.howrealtorshelp.ca) Where do they obtain the idea any AGENT off the street is ethical. Their claim is founded on these tests that they pass to become a Real Estate 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 ought to be the true Estate Agent’s job to help the buyer ensure the house is of value. Rightly so, many buyers be determined by the Real Estate Agent to protect them and provide them advice and for me, the ethical Real Estate Agent should do that. However, the true reality is that REALTORS do not make 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 would be 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 types of REALTORS with variations in between. The initial type may be the honest agent with the belief “If I work hard and treat my buyer right, the customer will come back to buy more homes from me. The next type is the “I need to get the buyer to get a house quickly so that I can move on to the next buyer (sucker) so that I can maximize my time for profit.” The end result is that you are searching for the first type and you also want to avoid the second type.

We’ll call the initial type, the Bad AGENT. We’ll call the next type, the Good AGENT.

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

1. The first characteristic is Patience. Bad Real Estate Agents will attempt to sell you a home quickly to have the money quickly. Do not purchase a house without spending considerable time looking at a number of different homes. Be cautious of tactics such as REALTORS claiming it’s the perfect and acting like a salesman rather than offering you information.g