![]() What is the current state of the market for real estate in my area?.While you are participating in the buying process of a home, you should ask the following questions: You want to keep a friendly relationship throughout the process. Personal Capital is completely free and it will help immensely during the home buying and selling process.Īlso, it helps if you choose a real estate agent that has a similar social standing or you can relate to. Use a free tool like Personal Capital to bring your total financial picture into perspective. Conduct a walkthrough appointment even if properties don’t fit your criteria state what you like and don’t like about the propertiesīe transparent.Have a discussion on your goals, financial situation and ‘wants vs needs’ in a house.Set up a pre-meeting to get to know the agent and what they specialize in.If you want to have an effective efficient process with your real estate purchase, then you should do the following: Keep in mind that real estate agents don’t have a crystal ball into your financial status, social status and needs from your new home purchase. The real estate market is full of honest folks who want to get the best possible deal for their home but beware the underbelly of the business. None of this would be possible without the assistance of a quality real estate agent. I’m trying to live off passive income, so I created a guide on how to start investing for income. If you are investing in a property, you’ll want to do your own homework on cap rates or other valuation metrics. Realtors play an integral role in helping individuals address their housing needs, whether helping someone find their dream home or simply downsizing to something smaller. When they earn a big commission check, most not only have to divide it with their brokerage but pay their own expenses, from the sign that goes up in front of your house and the lockbox to association membership and much more. ĭepending on their location, that may not even be enough for an agent to buy their own home. While most real estate agents are going to do their best to guide you through the home buying or selling process, they probably won’t divulge some of the tricks of the trade or share their secrets with you.Īgents need to earn a living just like you and me, and while some do pull in huge commissions, the industry is very competitive, with the average salary for a real estate sales agent less than $46,000 a year, according to the US Bureau of Labor and Statistics. 4 Key Secrets Your Real Estate Agent Won’t Tell You These are some of the most common real estate agent secrets that they won’t tell you during the home buying process.
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