REAL ESTATE AGENT Iphone Apps

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 home. I am 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 willing 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, 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 would allow foreclosed homes to be sold at rock bottom prices. The new law, which includes been in placed for many years now require the homes be sold at optimum 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 are a really good deal causing it to get a reverse affect. There were lots of people buying foreclosed homes believing they got much and not doing a thorough check as to the actual value of the home.

Now, clearing out the quick money maker myths of buying homes, there are still a lot of 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 Real Estate industry. As a buyer, you will be dishing out $350 000 and everyone wants a bit. The Real AUCTIONS want a piece. The lenders want a piece. The lawyers want a bit and the sellers want piece. No wonder there are so many scams in this industry.

The first thing to understand is the 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 home will have their own Real Estate Agent called a Buyer’s Real Estate Agent and a Seller’s AGENT.

In Canada, each AGENT gets an average of 2.5% and sometimes 2% for the commission of selling the house. Some REALTORS provide cash back 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 involved in the buying home transaction, they appear to be getting the biggest little bit 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 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 true Estate Agent’s job to help the buyer ensure the home is of value. Rightly so, many buyers be determined by the Real Estate Agent to safeguard them and offer them advice and in my opinion, the ethical Real Estate Agent should do that. However, the real reality is that REALTORS 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 providing 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 “EASILY 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 in order that I can move on to another buyer (sucker) so that I can maximize my time for profit.” The bottom line is that you are searching for the first type and you also want to steer clear of the second type.

We’ll call the initial type, the Bad AGENT. We’ll call the second type, the Good AGENT.

So what sort of characteristics does the Good Real Estate Agent have that the Good AGENT does not have?

moving home 1. The first characteristic is Patience. Bad Real Estate Agents will attempt to sell you a house quickly to obtain the money quickly. Do not buy a house without spending lots of time looking at several different homes. Be careful of tactics such as REALTORS claiming it’s the perfect and acting such as a salesman rather than offering you information.

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