To People That Want To Start REAL ESTATE AGENT But Are Affraid To Get Started

This article is not concerning the secrets of buying accommodations property for no money down and half the price of the market value of the house. I am not Tom Vu or Don Lapre and I’m not in jail.

In Canada, the no money down home did use to exist, but not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you need not pay a dime out of your own pockets to purchase a house. However, given the current financial situation with tighter lending restrictions, there will be no bank or lenders who is able to do that in Canada.

The buying home for half price did use to exist aswell. At one point, foreclosures in Canada would allow foreclosed homes to be sold at rock bottom prices. The new law, which has been in placed for many years 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 have been many people buying foreclosed homes believing they got much and not doing a thorough check regarding the actual value of the home.

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 an increase of sneaky sales tactics and money motivated people, it has got to the Real Estate industry. As a buyer, you will be dishing out $350 000 and everyone wants a piece. The Real Estate Agents want a piece. The lenders want a piece. The lawyers want a bit and the sellers want piece. No wonder you can find so many scams in this industry.

The first thing to be aware of is the Real Estate Agent. A Real Estate 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 Real Estate Agent called a Buyer’s AGENT and a Seller’s AGENT.

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

estate agents Do not pay attention to their gimmicks on REALTORS are ethical. (http://www.howrealtorshelp.ca) Where do they get the idea any AGENT off the road is ethical. Their claim is based on these tests they pass to become a AGENT. Agents passing a test does not meant hey are ethical. It only means they can remember enough to pass the test.

One would believe it should be the Real Estate Agent’s job to greatly help the buyer ensure the house is of value. Rightly so, many buyers depend on the Real Estate Agent to protect them and provide them advice and in my opinion, the ethical AGENT should do that. However, the true reality is that Real Estate Agents do not make money unless if the home is bought. 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 ends up happening, are two forms of Real Estate Agents with variations in between. The initial type is the honest agent with the belief “If I work hard and treat my buyer right, the customer will come back to buy more homes from me. The second type is the “I need to get the buyer to buy a house quickly in order that I can move on to the next buyer (sucker) so that I could 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 first type, the Bad Real Estate Agent. We’ll call the second type, the Good Real Estate Agent.

So what kind of characteristics does the Good AGENT have that the Good AGENT does not have?

1. The initial characteristic is Patience. Bad REALTORS will try to sell you a house quickly to find the money quickly. Do not buy a house without spending a lot of time looking at a number of different homes. Be careful of tactics such as REALTORS claiming it is the perfect and acting just like a salesman rather than providing you information.

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