Myths About Real Estate Agents. Whether you are planning to buy a house or sell one, it’s important to do your research to avoid making any mistakes. So, who do you turn to? The internet!
The internet is full of information, including good advice and misleading myths. Since you are about to make a huge financial decision, you can believe everything you read. The amount of bad advice available online is plenty and enough to mislead you into making big mistakes. So, for your sake, we are about to debunk some of the most common myths about real estate agents to set the record straight:
Myth #1 Going the FSBO Route Will Save You Money
Selling your own house does not always prove to be a wise choice. Without any knowledge about the market or connection to important people such as a lender, home appraiser, home inspector, etc., you are more likely to spend a lot of money than the 3% commission a real estate agent asks for.
Myth #2 Low Commission = More Money for the Seller
Just because the Windermere Florida realtor is working on a lower commission doesn’t mean that he will be able to sell your house for a profit. Their marketing skills might be lacking, or knowledge about the market might not be up to date. It’s also possible that they are simply looking for a quick way to increase their listings to get more clients. The keyword here is “might,” so do your research.
Myth #3 Real Estate Agents Earn a Lot
If you are planning to negotiate on the commission, we suggest that you save your breath. Real estate agents are not swimming in money, as one assumes. When the market is booming, they receive a higher commission, but they barely scrape enough when it’s in withdrawal and have to rely on their past earnings to pass the storm.
Myth #4 Real Estate Agents Lie About the Condition of a House When They Want to Make a Quick Sale
Keep in mind that the only way for a Dr. Phillips realtor to get more clients is through referral, and they wouldn’t want to jeopardize that by lying to their client and selling them a house that is a fixer-upper or in a bad neighborhood.
Myth #5 New Agents Don’t Know Much
You can’t judge a book by its cover or, in this case, a real estate agent by how many years of experience they have. A new agent might be equally good or better than agents who have been working in the market for a decade. It’s their knowledge and the way they talk to you to put you at ease that matters.
So, when picking your Ocoee realtor, make sure you have a long chat with them to understand the home-buying or selling process. Visit the website Megan Dowdy Realty to find yourself a qualified real estate agent. For further details, call on 407-509-9279.
