The Right attitude
Realizing that any agent working for me is going to take a piece for the
commission, I wanted my real estate agent to work like a salve, l like I am the
most important person in the world. Well, if that is your attitude, you may only
end up with scammers.
Real estate agent has lives outside of their work. IF your attitude is to abuse
Real Estate Agents, than you will not attract te high quality ones. Your
attitude should be one that is fair and understand the epxectations of a real
estate agents. If you don't know what to expect from a real estate agent, then
read on and my other articles will guide you.
Real estate agents get paid when the transation occurs. They don't get paid by
giving you information or valuable advice that may discourage you from buying a
house. They get paid more, when you spend more. That is a how an agent makes
money, not much difference than a salesperson working at futureshop. Would you
trust your futureshop salesperson to give you valuable information???
Purchasing a house is a very common idea. There are books are you can read to
determine whether the house you purchase is a good investment. You can EASILY
get statistical reports about the target house and whether it is worth buying.
Don't follow your gut instinct.
Don't follow your emotions. It could be coloured by your real estate agent who
wants the commission. Don't listen to your agent when he tells you
he knows best and such reports don't matter.
Fact is, your agent
should be the one to provide you the statistical reports. If for whatever reason your agent claims
these statistical information is useless or non-existent, then you should fire him. These statistical information that reveal
the history of the house, the history of other similar houses are extremely
important in purchasing a house. You should not even have to ask your agent to
give you this kind of information. He should provide it because he is on your
side....unless if he is not.
When
I first started to saving to buy my first house, my plan was to wait until I
saved enough money to make a down payment before I get a Real Estate Agent.
Don't do
what I did. The moment you decide to buy a house should be the moment you get as
much information as posible. You should be researching houses you can buy, real
estate agents, and location. Make sure you know the dangers and scams that you
can run into.
Sometimes, the real estate agent may ask whether
you have been approved for the mortgage. You can drop by open houses, look into
prebuilt homes and attend seminars.
Most importantly, get free advise from those who
have already purchase a house. Free advise from trustworthy referrals are the
most reliable. Don't rush, as this big purchase could determine your financial
future.
If you find yourself making decisions by just looking at the house, if you don't
find yourself exhausted before the purchase, if you don't find yourself
analyzing in detail about the purchase then you are not working hard enough.
There is a type of hard work that you are looking for. It is not the hard work
of travelling to every single house. You shouldn't be spending your time
travelling to houses. That is just another real estate gimmick. You should be
spending most of yout time analyzing the houses you want to buy. This analyzes
is what your real estate agent what wants to prevent you from doing. Make sure
you find an agent that supports and is patient enough to assist you in your
analysis.
Sep. 30, 2011
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