If you're ready to start the home buying process, you've likely heard a number of myths surrounding real estate and realtors. Below are three common myths associated with real estate agents and the facts behind them.
Myth #1: Using a Realtor Can Increase Your Home Buying Costs
Fact: The expertise of a seasoned realtor can lead to a better negotiated price between you and the seller.
When you work with a realtor during the home buying process, you'll have access to their vast array of knowledge. This knowledge includes how to cut costs during the home buying process, and how you can get better deals while closing. This is especially true if the seller is listing and selling their home by themselves, as they may be unrealistic in their asking price and additional stipulations, such as closing costs. With a realtor, however, you can be sure to get the best price possible.
Myth #2: A Real Estate Agent Will Say Anything to Make a Sale
Fact: The majority of real estate agents respect their industry – and their clients – too much to make false claims for the sake of a sale.
There will always be a bad apple or two, but don't let them spoil the barrel. Remember, real estate agents get the majority of their clients through word of mouth. This means that your referral – and the referral of the clients before you – holds a lot of weight and could make or break a real estate agent, especially if they're caught lying in order to make a sale.
Myth #3: The Realtor with the Most Listings is the Best Realtor for You
Fact: The number of current listings that a real estate agent has no bearing on whether or not they're a good fit for you.
It's always best to avoid using superficial indicators, such as the number of current listings, to pick a realtor for the home buying process. While the realtor with the highest number of listing might be a great agent, that doesn't mean they're who you need. Instead, take the time to read reviews on multiple realtors in your area, ask your friends and family members for referrals, and have a consultation or two to get a feel for which realtor is the right one for you.
To learn more about the home buying process, set up a consultation with a local real estate agent today.
Share14 July 2016
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