There are many misconceptions surrounding the real estate industry and the agents themselves. In fact, real estate agents have a bad reputation in many people’s eyes. The truth is, most people only buy or sell a home a small handful of times during their entire lives and rarely work with real estate agents. Most of the misconceptions about real estate agents are myths that have been propagated as a result of dishonest agents that make up a small percentage of the industry.
Common Misconceptions of a Real Estate Davenport
If you’re considering buying or selling a home and are hesitant about hiring an agent due to negative opinions regarding agents, you may be surprised to find that you’re basing those opinions on false ideas. Here are some common misconceptions and the realities.
The Higher the Price of the Home, the More the Agent Makes – Most people don’t understand the commission system that is in place for a real estate agent during the sale of a home. They think that an agent will do everything they can to sell the home for more in order to make more commission. That’s simply not the way it works. In fact, if a home sells for $10,000 more, an agent will usually make only $150 more. Agents are typically more concerned with providing quality service that will lead to referrals and additional business in the future.
Real Estate Agents Get Kickbacks from Inspectors and Lenders – It’s often thought that a real estate agent Davenport is only in it for the money and will take advantage of kickbacks from associates they work with such as lenders and inspectors. The fact is that this is against the law. The Real Estate Settlement Procedures Act (RESPA), which was passed in 1974, prohibits agents from receiving kickbacks from real estate vendors. An agent is not going to risk his or her license in order to make a few bucks.
Agents are Always Late for Appointments – Good real estate agents are professionals and make an effort to provide professional service that garners trust and respect from their clients. The misconception that they are often late for appointments is most likely a result of their busy schedules. But if you think about it, most professionals have very busy schedules. A quality real estate Davenport is going to go out of their way to accommodate the client, which means being punctual and organized.
The Internet has Made Real Estate Agents Obsolete – Because we have a wealth of information at our fingertips, many people feel that they can now access the knowledge to handle certain things themselves. In many cases this is true. However, when selling or buying a home, an experienced Etobicoke Real Estate agent will provide resources and services that the internet could never provide. An agent has an acute knowledge of the local real estate market and has a number of resources that the internet could never provide. In addition, an agent’s experience has provided him or her with the ability to handle different cases with the most appropriate tactics and make the best decisions possible.
Find a Trusted Real Estate Davenport, Toronto
Buying or selling a home is an extremely stressful decision that should not be taken lightly. The common misconceptions surrounding real estate agents can, understandably, make some people very nervous. However, many of these ideas are myths and simply not true. If you are looking for a trusted real estate agent in Davenport, contact Rito Salvador at 416-727-0094.