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Courses in this Department


How Ready Are You to Buy a Home?

Determining Your Dream Home and Finding It!

Factory Built Homes Are Worth a Look

Purchase Manufactured Homes with FHA Loan

How to Buy a Foreclosed Home

Pros and Cons of Corner Lots

Know the Neighborhood Before You Buy

Tune in to an Open House on the Radio

Finding a Qualified Broker or Agent

Shopping for a Loan and Choosing a Lender

How to Improve Your Credit

How to Survive the Loan Application Process

Making an Offer and Signing Contracts

Cancel Your Contract in 3 Days

Understanding the Closing/Settlement Process

Choosing Home Inspection and Settlement Professionals

Double Check Your New Home - The Walkthrough

Know Your Consumer Rights

Seniors Have Many Housing Opportunities

Preparing for the Big Day -- Relocating Moving

Make Your Home Your Castle - Cost Effective Redecorating Ideas


 

Facts about Agents

All the details. Or at least most of them.

Important Facts to Remember
This could help a lot!

There are a couple of important things to remember when looking for a professional Real Estate Agent. First of all, if you use a traditional Real Estate Agent, the seller pays them. This can be good and bad. The good news is that since you don't pay the agent, you don't have to worry about how much time you spend looking for a home. If you don't wind up purchasing a home in that area, you have spent nothing more than time. That is good. The bad news is that because the agent is working for the seller, they are bound by law to represent the seller to the best of their ability, not you as the buyer.

Hold Your Tongue

If the seller is paying...don't talk too much!

You need to remember that when talking to your agent. If you tell your agent that you'll pay $100,000 for the home, but you would be willing to go up as high as $110,000 if the seller doesn't accept your offer, your Agent may very well tell the seller exactly what you said. This isn't in your best interest but it does serve their main client, the seller. There is another reason the agent will want you to pay the most you can for any house you purchase, and that is a strictly financial incentive. A Real Estate Agent's commission is based on what you pay for a home. The more you pay, the more they get. In the end, even though it doesn't seem like you pay an agent, you really do.

Now Let's Look at Your Other Options

Brokers and other choices.


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