Homebuying 101: Top 5 Secrets Your Realtor is Keeping From You

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When it comes to home buying, hiring a real estate agent will always be an advantage. Perhaps, some of you are planning to do all the work to save you from any commission rates, but for most home investors, going solo might not be a good idea. It does not matter if you want to invest in pre-selling condo in Manila, you do not want to end up committing costly mistakes.

Although realtors play a significant role in the home buying process, there are just some things they hide from us – either they just don’t know how to say it, or they simply just do not want us to know. However, keep in mind that without proper communication between you as the buyer and your realtor, there might be some misunderstandings and complications in the long run. That is why, to give you some ideas, we list down some things most realtors won’t tell you about.

  1. The agent’s commission is negotiable

While some people believe that agent’s commission rate is a 50/50 between the seller’s agent and the buyer’s agent, sometimes, other realtors would demand higher rates than the others. Although commission rates would depend on both parties, what you do not know that it can be negotiated. However, if you want to deal with homeowners who do not want to work with a buyer’s agent, then there’s no reason for you to carry the burden alone. Moreover, it won’t cost you if you want and decide to engage with the services the real estate agent can offer.

2. The agent has little control

Perhaps, you think that realtors can do anything for you to achieve your dream home or find a rightful buying of your home, but what you do not know that they only have a little control of the situation. Yes, they can help you achieve a desirable outcome, but there is certain process for you to take. Keep in mind that real estate agents do not have any hold of what’s going to happen. For as long as they do what they need to do, then they will definitely help you achieve that matter.

3. You can’t afford this property

A real estate agent can help you buy or invest a house. But if you are not financially prepared for it, then your agent might have a hard time offering you a good deal. As a home investor, you also have to remember that agents are just there to help, guide and assist you with the transaction you made. However, they can’t help you when it comes to financial matters. It is your responsibility to provide such for any monetary needed.

Before anything else, you have to assess yourself on whether or not you can afford to invest in a real estate. If so, then you can proceed to the next step which is the transactions. And another thing, you should also make sure that you have a real budget for it for as not to face financial problems later on.

4. People are petty over refrigerators

Whether you are aware of it or not, there are home investors who would definitely be interested when you have good appliances at home, especially when it comes to a refrigerator. This attracts the buyer since the fridge falls into a gray area, where it can also be a deciding factor of a homebuyer on whether or not the fridge will stay or goes with the seller. That only means, make sure to impress your potential buyer with the appliances you include in your house.

5. Do not ask your real estate agent about race or ethnicity

Asking out from curiosity might not be a bad thing at all. However, keep in mind that it would definitely be unethical and unprofessional when you ask your agent about their race or ethnicity. Before you ask, you should consider their feelings if they are going to be offended or not. Also, never ask them about it especially when you are in the middle of the transaction. This kind of action is definitely rude on their part.

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One thought on “Homebuying 101: Top 5 Secrets Your Realtor is Keeping From You

  1. Pingback: What You Need to Know When House Hunting | Real Estate Properties Tips

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