How To Become Better With REAL ESTATE AGENT In 10 Minutes

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

estate agents 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 need not 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.

The buying home for half price did use to exist aswell. At one point, foreclosures in Canada allows 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 or else 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 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 shopping for homes, there are still a lot of things you need to be alert to before starting.

If there exist ever a business with more sneaky sales tactics and money motivated people, it has got to the true Estate industry. As a buyer, you could 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 you can find so many scams in this industry.

The first thing to be aware of 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 home will have their own AGENT called a Buyer’s AGENT and a Seller’s Real Estate Agent.

In Canada, each AGENT gets an average of 2.5% and sometimes 2% for the commission of selling the home. Some REALTORS provide cash return rewards. Canadian Real Estate Agents gets higher commission than somewhere else. In United States, their REALTORS only get 1% of the commission and their homes are in fact much cheaper. Even though Real Estate Agents are 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 REALTORS are ethical. (http://www.howrealtorshelp.ca) Where do they get the idea any Real Estate Agent off the street is ethical. Their claim is founded on these tests 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 must be the Real Estate Agent’s job to greatly help the buyer ensure the home 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 AGENT should do that. However, the true reality is that Real Estate Agents do not make money unless if the home is bought. The reality is that the Real Estate Agent’s salary is not truly dependent on providing you advice. THE TRUE Estate Agent’s job would be to get the buyer to buy a home through them so they can get paid!

Due to this, what eventually 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 customer will come back again to buy more homes from me. The next type is the “I have to get the buyer to buy a house quickly so that I can move on to the next 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 also 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 AGENT.

So what kind 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 attempt to sell you a house quickly to achieve 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 REALTORS claiming it’s the perfect and acting just like a salesman rather than offering you information.