Client-Focused Representation In Real Estate Matters

Real Estate Agent Myths to Ignore

On Behalf of | Jun 30, 2020 | Firm News |

Whether it’s your first time buying or selling a home, you may want to enlist the help of a real estate agent. Before you choose yours, be sure to read up on some common agent myths you can ignore.

What to Know About Real Estate Agents

The real estate world can be hard to navigate, especially for those who’ve had no previous experience. When you decide to buy or sell a home for the first time, you may want to get help from a professional. Unfortunately, many people have tons of misconceptions about real estate agents which can lead to them not making the best decisions. To ensure you don’t fall for some common real estate agent myths, use this information.

Myth: You Have to Keep the First Real Estate Agent You Hire

When you hire a real estate agent, this doesn’t mean you’re stuck with them forever. In some cases, you may be asked to sign a contract for a term, but even so, you can still ask to be released from this contract. If you feel like your agent isn’t on the same page as you or if you feel like they aren’t the right fit for what you’re doing, then releasing them is an option. You can always hire another agent for the job, but it’s best to do your research so you get it right the first time.

Myth: All Real Estate Agents Will Offer the Same Thing

This is certainly not true on a number of levels. You may be tempted to hire the first real estate agent you see because it’s easy, but you’ll be better off doing some research first. First, consider if you’re buying or selling a home so that you can find an agent that has experience in that area. You also want to consider the market you’ll be working in. For example, if you’re selling a luxury home, you’ll want to hire an agent that has experience in this field. After all, selling a luxury home isn’t the same as renting a normal home. These things may seem like small details because it’s all real estate, but they can impact your experience and the outcome.

Myth: Your Agent Wants You to Spend

The idea behind this myth is that when you’re buying a home, your real estate agent will push you to buy a more expensive home because this means a bigger payout for them. This isn’t true because a real estate agent will know your budget and will help you find a home that fits your budget. It also doesn’t make sense for them to push you to buy a home that has a price tag that is a few thousand dollars more than another option because this doesn’t translate into much more for them in the end. When you’re ready to buy a home, don’t forget to purchase title insurance in Westborough at closing. To learn all about the importance of title insurance, contact the title insurance experts at Home Key Title. Give them a call at (508) 475- 5502 to learn more.

Myth: All  Agents Make 6% Commission

For some reason, a lot of people believe that all real estate agents make six percent commission no matter what. This is not true since the commission an agent makes can be negotiated. There is no standard rate, so feel free to discuss this with your agent. On top of this, it’s important to keep in mind that the commission rate can also differ based on the type of property you’re working with. For example, selling a luxury home will often have a higher commission rate than a residential home.

Myth: Real Estate Agents Will Lie to Make a Sale

Unfortunately, many people avoid hiring an agent because they think an agent will only look out for their own best interest. This simply isn’t true. The real estate field is full of agents who take their job seriously and will do the work to help you meet your goals. While most of them are honest and hardworking people, this doesn’t mean they all are. Don’t let one person’s bad experience deter you from hiring a professional to help you in your search.

Myth: Your Agent Will Get Paid By Inspectors and Mortgage Companies

Finally, your real estate agent will not get kickbacks from home inspectors or anyone else involved in the sale or purchase of your home. There are laws to prevent this sort of practice, so you can be sure your agent isn’t trying to sneak some extra money into their account.

Purchase Title Insurance in Westborough

If you’re ready to purchase your dream home, be sure you have title insurance in Westborough to protect your home investment. Contact the title insurance experts at Home Key Title at (508) 475- 5502 to learn more about the importance of title insurance.