Take The Stress Out Of REAL ESTATE AGENTPosted by Yildiz Hagen on July 3rd, 2021 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 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% down payment so that you don't have to pay a dime out of your own pockets to purchase a house. 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 aswell. 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 quite some time now require the homes be sold at optimum price for foreclosed homes or else the lenders could possibly be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes are a excellent deal causing it to possess a reverse affect. There have been many people buying foreclosed homes believing they got a good deal and not doing a thorough check regarding the actual value of the home. Now, clearing out the quick money maker myths of shopping for 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 true Estate industry. As a buyer, you could be dishing out 0 000 and everyone wants a piece. The Real Estate Agents want a piece. Lenders want a bit. The lawyers want a piece 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. AN AGENT is suppose to act in your stead to buy or sell the home. Both the buyer of the house and seller of the house will have their own AGENT called a Buyer's AGENT and a Seller's AGENT. In Canada, each Real Estate Agent gets typically 2.5% and sometimes 2% for the commission of selling the home. Some Real Estate Agents provide cash return rewards. Canadian REALTORS gets higher commission than anywhere else. In United States, their Real Estate Agents only get 1% of the commission and their homes are actually much cheaper. Even though Real Estate Agents 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 listen to their gimmicks on Real Estate Agents are ethical. (http://www.howrealtorshelp.ca) Where do they obtain the idea any AGENT off the street is ethical. Their claim is based on these tests that they pass to become a AGENT. Agents passing a test will 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 Real Estate Agent's job to help the buyer ensure the house is of value. Rightly so, many buyers depend on the Real Estate Agent to protect them and provide 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! Because of this, what ends up happening, are two forms of REALTORS with variations in between. The initial type is the honest agent with the belief "If I work hard and treat my buyer right, the buyer will come back to buy more homes from me. The second type is the "I need to get the buyer to buy a house quickly so 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 Real Estate Agent. Nhà đất Huyện Củ Chi We'll call the second type, the Good Real Estate Agent. So what sort 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 try to sell you a house quickly to obtain the money quickly. Do not purchase a house without spending a lot of time looking at several different homes. Be careful of tactics such as Real Estate Agents claiming it is the perfect and acting such as a salesman rather than offering you information.Like it? Share it! |