Secrets To Getting REAL ESTATE AGENT To Complete Tasks Quickly And Efficiently

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 house. 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 ready to lend you the 5% deposit so that you need not pay a dime out of your own pockets to purchase a house. However, given the current finances with tighter lending restrictions, you will see no bank or lenders who is able to do that in Canada.

The buying home for half price did use to exist as well. 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 quite some time now require the homes be sold at the highest possible 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 certainly are a excellent deal causing it to get a reverse affect. There have been many people buying foreclosed homes believing they got much and not performing a thorough check regarding the actual value of the house.

Now, clearing out the quick money maker myths of shopping for homes, there are still many things you need to be aware of 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 $350 000 and everyone wants a piece. The Real Estate Agents want a piece. estate agents Lenders want a bit. The lawyers want a piece 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 AGENT. AN AGENT is suppose to act on your behalf to buy or sell the house. Both the buyer of the house and seller of the house will have their own Real Estate Agent called a Buyer’s Real Estate Agent and a Seller’s Real Estate Agent.

In Canada, each AGENT gets typically 2.5% and sometimes 2% for the commission of selling the house. Some REALTORS 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 will be the least educated of the parties involved in the buying home transaction, they seem 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 road is ethical. Their claim is founded on these tests they pass to become a Real Estate 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 should 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 safeguard them and offer them advice and for me, the ethical AGENT should do that. However, the real reality is that Real Estate Agents do not earn money unless if the home is bought. The reality is that the true Estate Agent’s salary is not truly dependent on giving you advice. The Real Estate Agent’s job is to get the buyer to get 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 may be 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 second type is the “I need to get the buyer to buy a house quickly in order that I can move on to the next buyer (sucker) so that I could maximize my time for profit.” The end result is that you are searching for the first type and you also want to steer clear of the second type.

We’ll call the first type, the Bad Real Estate Agent. We’ll call the second 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 REALTORS will attempt to sell you a house quickly to have the money quickly. Do not buy 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.

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