Best REAL ESTATE AGENT Android/iPhone Apps

This article is not about the secrets of buying a rental property for no money down and half the cost of the market value of the house. realmove 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, however, not anymore. Some banks and/or lenders were ready to lend you the 5% deposit so that you don’t have to pay a dime from your own pockets to purchase a house. However, given the current financial situation with tighter lending restrictions, you will see no bank or lenders who can do that in Canada.

The buying home for half price did use to exist as well. At one point, foreclosures in Canada would allow 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 possibly 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 were many people buying foreclosed homes believing they got a good deal 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 an industry with more sneaky sales tactics and money motivated people, it’s got to the true Estate industry. As a buyer, you could be dishing out $350 000 and everyone wants a piece. The Real AUCTIONS want a piece. The lenders want a bit. The lawyers want a bit 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 home will have their own AGENT called a Buyer’s Real Estate Agent and a Seller’s AGENT.

In Canada, each AGENT gets typically 2.5% and sometimes 2% for the commission of selling the house. Some Real Estate Agents provide cash return rewards. Canadian Real Estate Agents gets higher commission than somewhere else. In United States, their Real Estate Agents only get 1% of the commission and their homes are in fact much cheaper. Even though Real Estate Agents are the least educated of the parties mixed up in buying home transaction, they appear to be getting the biggest little bit of the pie.

Do not listen to their gimmicks on Real Estate Agents are ethical. (http://www.howrealtorshelp.ca) Where do they obtain the idea any Real Estate Agent off the road is ethical. Their claim is based on these tests they pass to become a AGENT. Agents passing a test does not meant hey are ethical. It only means they can remember enough to pass the test.

One would believe it must be the true Estate Agent’s job to greatly 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 for me, the ethical Real Estate Agent should do that. However, the true reality is that Real Estate Agents do not make money unless if the home is bought. The reality is that the Real Estate Agent’s salary isn’t truly dependent on giving you advice. The Real Estate Agent’s job is to get the buyer to get a home through them so they can get paid!

Due to this, what ends up happening, are two types of REALTORS with variations in between. The initial type may be the honest agent with the belief “If I work hard and treat my buyer right, the buyer will come back to buy more homes from me. The second type is the “I have to get the buyer to get 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 bottom line is that you are looking for the first type and you want to avoid the second type.

We’ll call the initial type, the Bad Real Estate 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?

1. The first characteristic is Patience. Bad Real Estate Agents will try to sell you a house quickly to obtain 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 REALTORS claiming it is the perfect and acting just like a salesman rather than providing you information.

Leave a Reply

Your email address will not be published. Required fields are marked *