Don’t Just Sit There! Start REAL ESTATE AGENT
This article is not concerning the secrets of buying a rental property for no money down and half the cost of the market value of the home. I am not Tom Vu or Don Lapre and I am not in jail.
In Canada, the no money down home did use to exist, but not anymore. Some banks and/or lenders were ready to lend you the 5% deposit so that you need not pay a dime out of your own pockets to purchase a home. However, given the current finances with tighter lending restrictions, there will be no bank or lenders who can do that in Canada blossoms by the park.
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 quite some time now require the homes be sold at optimum price for foreclosed homes or else 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 have been many people buying foreclosed homes believing they got a good deal and not performing 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 aware of before starting.
If there exist ever an industry with more sneaky sales tactics and money motivated people, it has got to the Real Estate industry. As a buyer, you will be dishing out $350 000 and everyone wants a bit. The Real AUCTIONS 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 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 house and seller of the home will have their own Real Estate Agent called a Buyer’s AGENT and a Seller’s AGENT.
In Canada, each Real Estate Agent gets an average of 2.5% and sometimes 2% for the commission of selling the house. Some Real Estate Agents provide cash return rewards. Canadian REALTORS 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 are the least educated of the parties involved in the buying home transaction, they appear to be getting the biggest little bit of the pie.
Do not listen to their gimmicks on Real Estate Agents are ethical. 메이저사이트 Where do they obtain 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 will not meant hey are ethical. It only means they can 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 offer them advice and in my opinion, the ethical 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 Real Estate Agent’s job would be to get the buyer to buy a home through them to allow them to get paid!
As a result of this, what ends up happening, are two types of Real Estate Agents with variations in between. The first type is the honest agent with the belief “EASILY work hard and treat my buyer right, the customer will come back to buy more homes from me. The next type is the “I have to get the buyer to buy a house quickly in order that I can move on to another buyer (sucker) so that I can maximize my time for profit.” The bottom line is that you are looking for the first type and you want to avoid the second type.
We’ll call the first type, the Bad Real Estate Agent. We’ll call the next type, the Good AGENT.
So what kind of characteristics does the Good Real Estate Agent have that the Good AGENT does not have?
- The first characteristic is Patience. Bad Real Estate Agents will attempt to sell you a house quickly to achieve the money quickly. Do not buy a house without spending lots of time looking at a number of different homes. Be cautious of tactics such as REALTORS claiming it’s the perfect and acting such as a salesman rather than providing you information.