Let’s face it, real estate is not a perfect industry. There are instances when the relationship between the agent and the client gets so salty that it causes a big rip between them. These instances also lead to the creation of those nasty real estate myths that are often about real estate agents.
The truth is, real estate agents are not monsters. They’re also humans, and believe it or not, they truly want to help you sell your house or find your dream home. They are just so much myths and misconceptions surrounding agents that they often get portrayed as aggressive or money hungry. When in reality they’re not.
That’s why in this article, we decided to debunk some of the most common myths and misconceptions about real estate agents. Read on and find the truth!
1. You no longer need a real estate agent because everything is online
The effect of internet and technology to real estate is truly immense. In just one click you can find your next property or make a sale. But this doesn’t mean that the role of real estate agents are totally obliterated. Real estate agents know more about the industry than most ordinary people. Their expertise may help you get through the whole process unscathed.
2. The more you pay the more the agent gets
This is a common misconception that buyers usually thought of. They think that the reason why the property is so pricey is because the real estate agent wants to get a huge commission. Remember that the agent only gets a fixed amount per sale and it’s not usually that huge.
3. Agents get kickbacks
Kickbacks are one of the nastiest rumor that a real estate agent usually face. There are stories that say that agents get kickbacks from lenders, titles and inspectors. This is false since agents who receive kickbacks will have to face RESPA or Real Estate Settlement Procedures Act. It’s also against their code of ethics to get kickbacks from other forms of sectors.
4. The home inspector and the agent work together
Many think that home inspector and the agent work together just so the latter can make a sale right away. In reality the agent will never do this not only because he or she cares for the buyer but because they can face a lawsuit just in case there are any discrepancies in the property that have been sold.
5. Agents will say or do anything just to make a sale
The most reputable agent upholds the trust of the client. It is in their goal to make sure that the clients will get the best services. Though sales are hard to come by, agents will never lie or over exaggerate a property just so they can generate a sale.
6. Agents make tons of money
Believe it or not, agents are not the super millionaires that you imagine. Those who are good and are already in the game for too long enjoy the fruits of their labor. With their need for office, fees to pay and so on, you would just imagine how excruciating it is to be an agent.
Have a little trust, buyers. Whatever happens, your real estate agent will always have your back. Find the best agent that will help you find your dream home. Get a hold of them here.
Image source: http://www.persquare.com.ph/for-sale/house-lot-ncr-metro-manila-caloocan/house-lot-for-sale-in-caloocan_112025 – Property Depot