SolveYourProblem
Real Estate Article Series
House Hunting Tips a
Real Estate Agent Won’t Tell You
Purchasing a house can be an exhilarating
experience for everyone in the family. Many different options
are open in finding a home. If you choose to have the assistance
of an agent, there are things to be aware of. The real estate
agents are professional, however they may leave vital information
out of the conversations. There are some imperative factors
that you must know in order to make wise decisions.
The most important thing to remember about a real estate agent
is they are first and foremost an over glorified salesperson.
Their goal is to sell a house. They will go through all the
hype trying to make the buyer think the best about the worse.
Now not all agents are liars. However, keep in mind the point
of roles. They are selling and you are buying. Be sure not
to forget this major advantage. After all, you might believe
you must have an agent. This is not the case. The negotiator
is just that, a negotiator. Their primary objectives is buying
and selling. When they work they are mostly after the commission.
The
real estate agent may not explain to the consumer the problems
associated with the property. If the dwelling has
ants, termites or any other pest problems it is likely they
will not be straightforward with them. Other issues to be aware
of are plumbing, water damage or electrical problems. The agent
you choose may hold this information back. It is true that
they give you a list of house investigators. This is so the
purchaser can have the house checked out. However, keep in
mind the list is coming from the person who wants to sell the
home. Some examiners will receive kickbacks from the real estate
agent so they can obtain more business. There are a few representatives
who know just about as much of the house issues as you do.
Which case in point is, nothing.
Real
estate agents will not let you know of properties where
they will not receive any commission. Even though, you pay
for their services. The properties can include the price range,
correct location, and other criteria that you’ve specified.
The agent may skip over houses even if they are perfect since
they will not profit off of the deal. This is a great reason
to do some checking on your own, even if you do have an agent
working for you. Then as the buyer, you will know and understand
if the agent is really working as hard as they can to help
you find that perfect house.
Be
cautious of brokers who try to raise the price. Explain
to the agent that you can only spend a certain amount of money
and stick with that. An agent may decide to show you homes
a little higher than the max you are willing to spend. The
agent may try to explain that there are no houses in the price
range you have stated, which is usually untrue. Or else, they
give details on how this particular residence is only a certain
dollar figure more. Usually this is not too much extra. Remember,
they would like you to pay out more cash so they can increase
their commission. This technique can be very subtle. Some people
may not even notice they are attempting this method.
Agents
may tell you that a certain property is will be a great
investment for the future. An agent may even state that the
land will double in five or ten years. This may or may not
be true. Some real estate is sure to increase in value while
others will not. However, a broker is not one to ask this information
from. They are not experienced in this kind of detail. The
agent is, again, trying to sell. Do not take any advice the
real estate person is claiming to be true as face value. If
you want to know if something they have said is true or untrue
you must explore this knowledge yourself.
Using a real estate agent is everyone’s choice. There are
some excellent agents that are ready to help. For the most
part, beware of the ones who just want the money. Be wary of
the run-around. Make very sure the agent will return phone
calls or e-mails. Buying a house is a very big step. Review
all the facts and figures before taking the plunge.
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SolveYourProblem.com : 2007
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