Using your Cousin’s Friend to Help You (lose money)
| Finding A Great Realtor, First Time Home Buyers | 0 Comments
Today I want to talk about the importance of finding a realtor you can trust and will do a great job representing you. Too often I have found that a buyer almost randomly picked a realtor to help them buy a home. Sometimes, the sales agent has an active license but doesn’t really work as an active agent. Sometimes they are an active agent but not too intelligent about what they are doing. I really don’t understand why people chose to use their cousin’s friend Billy Bob or Sally from their church without asking for credentials. Would you go to a doctor for surgery without knowing if they have ever done surgery before? Or maybe they have done surgery for an ingrown toenail but not the brain surgery you are contemplating having.
| 1 | You may pay too much for the house (poor knowledge of the market and/or poor negotiating skills.) |
| 2 | Your realtor may not prepare the contract well having you pay for things that the seller should pay for. |
| 3 | You may end up with a very poor choice of a home and your real estate person could have given you better advice so that you didn’t end up owning a “Money Pit” (see the movie with Tom Hanks and Shelly Long circa 1986.) |
| 4 | You have lost your deposit because you didn’t understand the purchase process and your real estate agent didn’t properly cover your behind. |
| 5 | Your loan sucks and your realtor didn’t tell you that you have been mauled by your lender. Maybe he can’t tell a good loan from a bag of steer poop. |
| 6 | Your real estate agent didn’t tell you to get inspections and later you find a small lake under your home that makes Pirates of the Caribbean look like ride at Disney Land…. Oh wait, I guess it is. You get the picture. |
I think this submission is getting a bit long in the tooth so I will continue later with the top ten list of things to find out when selecting an agent to help you buy a home. As always, constructive comments are welcome.
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