4 Convincing Myths About Real Estate Agents- NOW DEBUNKED

property

 The traditional way of real estate business has gone unchecked for over a decade now. And so it is only natural to have some misconceptions about real estate agents (even if they do seem convincing at first).

Online real estate business has thrived in recent times, and that has led to the rise of some big misconceptions about traditional misconceptions.

High Commission Means Top-Shelf Service:

There’s no denying the fact the real estate agents work for commission. And this is the primary reason why they make so many promises to help out all their buyers and sellers with being highly motivated.

The consideration cycle for a property purchaser could be a year or more. And for agents that rely on commission as their means of survival, that is a long time to wait. Due to this pressure, some agents tactfully pressurise the buyer to make the decision, and that never works well for their buyer’s satisfaction.

One solution to this would be to opt for a real estate agency in Newtown that is a salaried contractor. That will ease the pressure and allow you to search and select your new dream home in your own comfortable time. 

All Buyers Have To Sign An Upfront Exclusive Real Estate Agreement:

The second common myth that new home buyers fall sucker to is the so-called agreement that real estate agents ask buyers to sign up beforehand.

Truth is for a buyer looking for a new property in the initial stages; there is no mandatory rule that this agreement has to be exclusive. If anything, it may prove to be unnecessary pressure on what should be a fluid and comfortable working relationship.

These Agents Accept Money As Kickbacks From Their Lenders:

This is a big misconception on the part of property buyers. Truth be told, as per the REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA), no real estate agent is entitled to accept any money or financial favours from their vendors. They have the right to refer their buyers to a new seller or buyer in particular, but they cannot use that vendor for their own personal gains or conveniences.

Conflict Of Interest Comes From Dual Agency Representation:

Many even believe that traditional agents aiming to pitch their services for both the seller and buyer may bring about a conflict of interest. As though you should look to avoid agents representing, the same seller and buyer, it doesn’t cause a conflict of interest.

Generally, a quality real estate agent serving in Newtown are ethical and like meeting all legal obligations that best represent their interests, regardless of where or whom they choose to work with. And even if they are working with you and the house seller at the same time, being professionals they will ensure both parties get what they want at the end of the deal.

Final Words:

So, now that you clear on these four common (and convincing) myths about real estate agents, consult with Raine and Horne Newtown. Judge them solely on their years of industry experience, their positive online reviews and feedback they have received from all their happily satisfied clients.
And based on their track record, their assistance and knowledge will be significantly important for your new house hunt!

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