When you want to buy a property, you usually focus on finding the best real estate agent to work with. However, there are so many different myths about Real Estate Agents that it’s hard to figure out what’s true and what’s not. Which makes you wonder, what Real Estate Agent myths should you stop believing in.
1.) Their commission is 6% everywhere
The truth here is that the Real Estate Agent commission isn’t always 6%. It depends on where you live and many other different factors. Plus, the seller pays the commission and they split it between the agents and brokers. Sellers are still able to negotiate the commission, so it’s not set in stone.
2.) It’s not possible to acquire a sale by owner home if you have an agent
You can use Real Estate Agents to buy a sale by owner home. The seller compensates them, and you can use the experience of the real estate agent to make the right choice. Of course, that doesn’t mean all situations like this require a Real Estate Agent. But it’s still a good option to work with one, as you might find it easier to identify the right deal for you.
3.) All agents are equal
Not all Real Estate Agents are the same. Some have a decade or more of experience, others have been doing it for less than a year. Also, working with an agent that lives in that local area is very important, and you will certainly appreciate the results. Some agents want to establish a long-term relationship, others just want to close a sale. So, there are a variety of different situations here, which is something to consider as much as possible.
4.) You can use the selling agent of that property
This is not really good for a buyer, since the seller’s agent represents the seller and he will focus on bringing them the best possible results. With that being said, you do want to have your own Real Estate Agent that’s separate from the seller. This way you can avoid problems and still obtain great results all the time.
5.) If you start working with an agent, you are stuck with them *Bonus*
Even if you sign a contract, that doesn’t mean you are locked with that Real Estate Agent. Sellers are under a contract, but for a buyer it’s a lot easier. You can switch the agent if you think that the current one is not doing a good job, so you are not locked to any Real Estate Agent. After all, if they are not doing the right job, you can always find someone else.
At the end of the day, there are a plethora of myths about Real Estate Agents that you shouldn’t really take into consideration. Many of them are not real, and they end up bringing in a lot of different challenges to the way you prepare to buy a property. Thankfully, now you know that some of these myths are not real, and it will give you a much better approach!
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