How To Teach REAL ESTATE AGENT Like A Pro

This article is not about the secrets of buying a rental property for no money down and half the price of the market value of the house. 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, but not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you don’t have to 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 terra hill.

The buying home for half price did use to exist aswell. At one point, foreclosures in Canada allows foreclosed homes to be sold at rock bottom prices. The new law, which has been in placed for several years now require the homes be sold at the highest possible price for foreclosed homes or else the lenders could possibly be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes certainly are a really good deal causing it to get a reverse affect. There have been lots of people buying foreclosed homes believing they got a good deal 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 alert to before starting.

If there exist ever a business with an increase of sneaky sales tactics and money motivated people, it’s got to the Real Estate industry. As a buyer, you will be dishing out $350 000 and everyone wants a bit. The Real Estate Agents want a piece. The lenders want a piece. 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 Real Estate Agent. A Real Estate Agent is suppose to act in your stead to buy or sell the home. Both the buyer of the home and seller of the home will have their own AGENT called a Buyer’s AGENT and a Seller’s AGENT.

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

Do not listen to their gimmicks on Real Estate Agents 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 should be the Real 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 provide them advice and for me, the ethical Real Estate Agent should do that. However, the true reality is that Real Estate Agents do not make money unless if the home is purchased. The reality is that the Real Estate Agent’s salary isn’t truly dependent on providing you advice. The Real Estate Agent’s job would be to get the buyer to buy a home through them so they can get paid!

Because of this, what ends up happening, are two types of Real Estate Agents with variations in between. The initial type may be 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 have to get the buyer to get 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 searching for the first type and you 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 sort of characteristics does the Good Real Estate Agent have that the Good Real Estate Agent does not have?

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