You have probably needed to buy or sell some property and stopped to contemplate about all the myths you have heard about Real Estate Agents. These myths come from friends or family members who may have had a bad experience with an Agent. While it’s okay to feel skeptical, the selling /buying of property can be a tedious process without the help of a Real Estate agent. It is exhausting and time-consuming to do this on your own.
Most people assume that being an Agent means that you have easy money. This is not true because Agents make money depending on the sales they make. On average property takes up to 3 months to complete a purchase. The Agent would have put three months of work featuring making follow up interviews, phone calls, and even fuel costs when visiting the property. They end up splitting the commission with the company they work for. This commission, however, is usually almost used up due to the various expenses.
Home buyers believe that it’s ok to use the homes selling agent. In today’s world, you can find almost anything on the internet. Properties listings also take place online. As a buyer, you can assume that you can purchase a property from the listings on your own without the help of an agent. It is essential to consult an agent because they are familiar with the industry. They know more about properties that you do and they can quickly point out a red flag and can tell you when to quit pursuing a particular home. They will be worth your money and will save you time and the pain of making a mistake when buying your dream home.
People tend to believe that all agents are suitable. This is a myth since not all agents are worth your money and your time. Finding the right agent can save you money and time. While looking for a good agent, you should consider their familiarity with the area you are interested in purchasing your property. An agent who knows an area well also knows all the properties on sale in that area and their history. Chances of getting the best property in that area are high as compared to an agent who needs a GPS to find their way around.
Once you start with an agent, you do not have to get stuck with them. You deserve to get a sales agent that you feel comfortable around. It is essential to check on their reviews to ensure their credibility. Since agents only get paid when they sell a property when you are a buyer. It is ok to break up with an agent if you feel discomfort towards them early before you get too involved.
It’s easy to assume that the Real Estate agents work part-time. This is probably because of the unconventional working times. This is not true because they have to put in a lot of work to make a sale. They have to follow-ups on their clients, make phone calls and a lot of visits to a property with different clients. They work for an average of 40 hours a week.