Real Estate Stories You Should Not Believe
By Bonnie Kash
No matter if you hire a Realtor to buy or sell a house; you will hear many crazy stories. People like to share their good and bad experiences. You will hear many tales when asking acquaintances for referrals. Unfortunately, some of these stories are pure fiction. People often make up events to look smart. Others don't want you to think they are dumb. That is why it is important to talk to agents from different agencies, that can guide you through the process and can even help when you have concerns. Licensed professionals working in this industry know exactly what is true. Are you curious about common myths? Keep reading.
The Main Purpose of Appraisals Is to Ensure that Buyers Don't Overpay
Although appraisals provide excellent information for both buyers and sellers, the true mission of these assessments is more a measure to protect lenders. Until you pay off your mortgage, your home loan provider owns part of the property. Lenders do not want to own overpriced properties. For that reason, appraisals are done before mortgages are granted.
Realtors Are Always Late for Appointments
Professionals should not be tardy whether they are doctors, plumbers, accountants, or real estate agents. The majority of specialists try their best to keep appointments. However, that is not always possible for busy Realtors. Delays can occur for various reasons. For instance, a client spends more time than normal viewing a house. The agent has no choice but to show up late at the next meeting.
Successful agents have several clients at any given time. When delays occur, they usually call their next client. The meeting can be kept or rescheduled.
Agents Don't Work Much
It seems that Realtors talk a lot and that's about it. People do not see what happens behind the scenes. In order to share information, agents have to gather knowledge. They have to make inquiries and check out potential residential, commercial, and other types of properties for sale in person. Developing business relationships that can be helpful to clients is also on the agenda.
Real estate agents have unusual work schedules. They typically work evenings and weekends. Therefore, do not be surprised to find your agent picking up kids at school in the afternoon or shopping at the grocery store during the day. They manage their personal responsibilities whenever time permits.
Agents Overprice Homes to Make More Money
Agents typically complete a market analysis before suggesting a listing price to sellers. They do not gain much by suggesting an unrealistic price. Potential buyers will not come if the home is overvalued. When the contract is over, displeased sellers will find another agent. The first one now lost any chance for a commission.
Anyone Can Sell Homes
While it may not be the most challenging job in the world, Brokers work hard to be successful. They have to complete rigorous training and pass a difficult test to get certification. Continuing education is required to stay current on trends and developments in their designated territories. Slacking off is not an option, because clients write reviews.
Competition is fierce, and agencies like Joan Pletcher Real Estate ( http://www.joanpletcher.com/marion-county.html ) work hard to stay current on events happening in their industry. Agents know where to get answers to difficult or unusual questions related to their field. Do you? Visit Joan Pletcher Real Estate to learn more.
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