Get The Most Out of REAL ESTATE AGENT and Facebook

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 house. estate agents I’m not Tom Vu or Don Lapre and I am 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 out of your own pockets to purchase a home. 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 includes been in placed for quite some time now require the homes be sold at optimum 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 possess a reverse affect. There were lots of people buying foreclosed homes believing they got much and not doing 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 a lot of 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 bit. The Real AUCTIONS want a piece. The lenders want a bit. 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 house. Both the buyer of the home and seller of the house will have their own AGENT called a Buyer’s Real Estate Agent and a Seller’s Real Estate Agent.

In Canada, each Real Estate Agent gets typically 2.5% and sometimes 2% for the commission of selling the home. Some Real Estate Agents provide cash return rewards. Canadian Real Estate Agents gets higher commission than somewhere else. In United States, their REALTORS only get 1% of the commission and their homes are actually much cheaper. Even though REALTORS will be the least educated of the parties involved in the buying home transaction, they seem to be getting the biggest piece of the pie.

Do not listen to their gimmicks on REALTORS are ethical. (http://www.howrealtorshelp.ca) Where do they get the idea any Real Estate Agent off the road is ethical. Their claim is founded on these tests they pass to become a AGENT. Agents passing a test will 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 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 in my opinion, the ethical Real Estate Agent should do that. However, the true reality is that Real Estate Agents do not earn money unless if the home is purchased. The reality is that the true Estate Agent’s salary is not truly dependent on providing you advice. THE TRUE Estate Agent’s job is to get the buyer to get a home through them so they can get paid!

Due to this, what eventually ends up happening, are two types of Real Estate Agents with variations in between. The first type is the honest agent with the belief “If I work hard and treat my buyer right, the buyer will come back again to buy more homes from me. The second 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 looking for the first type and you also want to avoid the second type.

We’ll call the initial type, the Bad AGENT. We’ll call the next type, the Good Real Estate Agent.

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

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

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